Core Viewpoint - ForFarmers N.V. has been actively repurchasing shares as part of its buy-back program, which is aimed at fulfilling obligations related to share-related incentive schemes and enhancing shareholder value [1][2]. Share Buy-Back Program - ForFarmers repurchased 212,721 shares from May 12, 2025, to May 16, 2025, at an average price of €4.20 per share, totaling €892,460 [1]. - The total number of shares repurchased to date under this program is 362,119 shares, amounting to €1,510,644 [2]. - The buy-back program is authorized for a maximum of 400,000 shares and a total amount of €2,400,000 [1]. Company Profile - ForFarmers N.V. is a leading provider of complete feed solutions for (organic) livestock farming, with a mission to promote sustainable agriculture [4]. - The company has sales of approximately 9 million tonnes of animal feed and operates production facilities in the Netherlands, Germany, Poland, and the UK [5]. - ForFarmers employs around 2,700 people and is listed on Euronext Amsterdam [5].

Core Points - ForFarmers N.V. has repurchased 149,398 shares from May 5, 2025, to May 9, 2025, at an average price of €4.14 per share, totaling €618,184 [1] - The share buy-back program is authorized for a maximum of 400,000 shares, with a total budget of €2,400,000, aimed at fulfilling obligations from share-related incentive schemes [1] - ForFarmers is a leading player in the European animal feed market, with sales of approximately 9 million tonnes and operations in the Netherlands, Germany, Poland, and the UK [4] Company Profile - ForFarmers is dedicated to providing complete feed solutions for (organic) livestock farming, with a mission to contribute to sustainable agriculture and good returns [3] - The company employs around 2,700 people and is listed on Euronext Amsterdam [4] - ForFarmers aims to support farmers with knowledge, advice, and products, contributing to affordable and sustainable food [3]

Core Insights - ForFarmers experienced a strong quarter in Q1 2025, achieving growth in compound feed volumes and operational profitability, aligning with its long-term customer retention and market share growth ambitions [1][2] Financial Performance - Total volume increased by 17.5% compared to Q1 2024, primarily due to the acquisition of Van Triest Veevoeders; on a like-for-like basis, total volume grew by 1.3% [7] - Compound feed volume rose by 3.5%, partly driven by the consolidation of the joint venture in Germany starting March 1; like-for-like growth in compound feed volume was 1.1% [7] - Turnover increased by 9.1%, attributed to volume growth; gross profit rose by 11.2% to €138.1 million [7] - Operating profit saw a significant increase, with underlying EBIT up 61% and underlying EBITDA increasing by 38.9% [7] - The ROACE ratio on underlying EBIT improved from 13.0% as of December 31, 2024, to 13.8% as of March 31, 2025 [7] Strategic Developments - The integration of Van Triest's activities is progressing as planned, leading to a notable increase in co-products volume, in line with sustainability goals [2] - The joint venture with team agrar in Germany commenced on March 1, 2025 [7] - The sale of the second plant in the United Kingdom was completed in early April, following approval from the UK competition authority [2][7] Company Profile - ForFarmers is a leading player in the European animal feed market, with sales around 9 million tonnes and production operations in the Netherlands, Germany, Poland, and the UK [5] - The company employs approximately 2,700 people and is listed on Euronext Amsterdam [5]