Lochem, 12 August 2025 Change in composition of the Supervisory Board of ForFarmers ForFarmers today announces that Erwin Wunnekink, member of the Supervisory Board, has decided to step down from his position as of 1 November 2025. Mr Wunnekink has indicated that he will pursue a new professional opportunity elsewhere, which is not compatible with his role on the Supervisory Board of ForFarmers. "It is unfortunate that Erwin Wunnekink will leave ForFarmers earlier than planned, ahead of his scheduled depart ...

Core Insights - ForFarmers has reported strong results for the first half of 2025, with a total volume increase of 21.3% compared to H1 2024, driven by strategic acquisitions and joint ventures [7] - The company is focused on sustainability, aiming to reduce CO2 emissions and enhance circularity through co-products [2][4] Financial Performance - Total volume reached 5.2 million tonnes, with a like-for-like growth of 2.4% [7] - Gross profit increased by 16.8% to €290.8 million, with all clusters contributing positively [7] - Underlying EBITDA and EBIT rose significantly by 42.7% and 57.7%, respectively [7] - Underlying net profit attributable to shareholders increased by 46.3% to €23.4 million [7] - Net cash flow from operating activities grew to €63.8 million, up from €25.5 million in H1 2024, allowing for a reduction in net debt [7] - Return on Average Capital Employed (ROACE) on underlying EBIT improved from 10.7% to 14.3% [7] Market Position and Strategy - The company is expanding its market share in the Netherlands despite a contracting market, and has seen exceptional results in the UK following a reorganization [7] - The launch of organic animal feed production in Germany is a response to high demand in that market [7] - ForFarmers aims to contribute to sustainable agriculture and affordable food through its complete feed solutions [4][5]

Core Insights - ForFarmers reported strong results for the first half of 2025, with a total volume increase to 5.2 million tonnes and robust profitability [1][6] - The company is expanding its market positions through strategic initiatives, including a joint venture in Germany and the acquisition of Van Triest Veevoeders [1][6] - Sustainability efforts are being prioritized, focusing on reducing CO2 emissions and promoting circularity through co-products [2] Financial Performance - Total volume increased by 21.3% compared to H1 2024, driven by the acquisition and joint venture consolidation, with a like-for-like growth of 2.4% [6] - Compound feed volume rose by 5.4%, with a like-for-like growth of 0.5% [6] - Gross profit increased by 16.8% to €290.8 million, with contributions from all clusters [6] - Underlying EBITDA and EBIT saw significant increases of 42.7% and 57.7%, respectively, compared to the same period last year [6] - Underlying net profit attributable to shareholders rose by 46.3% to €23.4 million [6] - Net cash flow from operating activities grew to €63.8 million, up from €25.5 million in H1 2024, allowing for a reduction in net debt [6] - ROACE on underlying EBIT improved from 10.7% as of June 30, 2024, to 14.3% as of June 30, 2025 [6] Market Position and Strategy - ForFarmers is a leading player in Europe with sales of approximately 10 million tonnes of animal feed [5] - The company has production facilities in the Netherlands, Germany, Poland, and the United Kingdom, and exports to various countries [5] - The reorganization in the United Kingdom has been completed, resulting in substantial profitability improvements [6]

Core Points - ForFarmers N.V. has secured a new credit facility amounting to €150 million with an international banking syndicate, along with a €125 million working capital financing facility set to become operational in mid-Q3 2025 [1][2] - The new credit facility matures on 31 July 2030, with options for two one-year extensions, replacing a previous financing agreement of €300 million that had a maturity date of 25 July 2026 [2] - The interest rate on the new credit facility is linked to sustainability indicators related to CO2 emissions reduction and the use of circular raw materials, allowing for potential discounts or surcharges based on performance [3] Financial Structure - The new financing structure is designed to support the growth of ForFarmers' activities, providing sufficient financial scope while maintaining terms comparable to the existing facility [4] - The financing has been arranged by a syndicate of banks including ABN AMRO, BNP Paribas, HSBC, ING, Rabobank, and SEB, with ABN AMRO coordinating the documentation process [2] Company Profile - ForFarmers is a leading player in Europe, offering complete feed solutions for (organic) livestock farming, with sales of approximately 9 million tonnes of animal feed [6][7] - The company operates production facilities in the Netherlands, Germany, Poland, and the UK, and employs around 2,700 people [7] - ForFarmers is committed to sustainable farming practices and aims to contribute to affordable and sustainable food production [6]

Core Points - ForFarmers N.V. has completed its share buy-back programme, repurchasing a total of 400,000 shares for €1,675,903 [2] - The last repurchase occurred on 19 May 2025, with 37,881 shares bought at an average price of €4.36 per share [1] - The buy-back was authorized by the Annual General Meeting of Shareholders on 17 April 2025, aimed at fulfilling obligations from share-related incentive schemes [1] Company Profile - ForFarmers is a leading provider of complete feed solutions for (organic) livestock farming, with a mission to contribute to sustainable agriculture [4] - The company sells approximately 9 million tonnes of animal feed annually 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 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]