Full Year 2025 Nufarm Ltd Earnings Call Transcript

Nov 18, 2025 / 11:00PM GMT
Release Date Price: $1.5

Key Points

Positve
  • Nufarm Ltd (NUFMF) achieved an 18% increase in earnings from Crop Protection, with growth across all regions.
  • The company reduced net debt by $538 million, ending the period with a leverage of 2.7 times.
  • Nufarm Ltd (NUFMF) reported a gross margin improvement of 100 basis points, supported by internal discipline around working capital and cost.
  • The company recorded a record year for profitability in the Turf and Ornamental segment in North America.
  • Nufarm Ltd (NUFMF) has a strong pipeline with multiple product launches contributing around 15% of financial year '25 revenues.
Negative
  • Nufarm Ltd (NUFMF) reported a statutory loss of $165 million, including $142 million of mainly non-cash material items.
  • The company faced a fall in fish oil prices, impacting Omega-3 earnings.
  • The Seeds business required a reprioritized strategy due to high costs and capital requirements.
  • The company experienced a 10% increase in underlying SG&A costs, reflecting inflationary pressures.
  • Free cash flow was negative $131 million, influenced by Omega-3 inventory and other outflows.
Operator

Thank you for standing by. Welcome to the Nufarm Limited FY25 results conference call.

(Operator Instructions)

I would now like to hand the conference over to Mr. Greg Hunt, CEO. Please go ahead.

Gregory Hunt
Nufarm Ltd - Chief Executive Officer, Managing Director, Executive Director

Thank you. Good morning, everyone. Welcome to Nufarm's financial year '25 results presentation.

Joining me today are Brendan Ryan, New Farm's CFO; Brent Zacharias, Group Executive of Seed Technologies; as well as Rico Christensen, who's the Group Executive, Portfolio Solutions, and as you'll see from this morning's announcement, CEO-designate.

I will talk to the transition in more detail, later in the presentation. But in terms of the call today, I will speak to the financial year '25 results. Brendan will speak to the financials. Rico will cover priorities for financial year '26 and the outlook.

Before we move to the presentation, I draw your attention to the disclaimer on slide 2; and, in particular, the wording related to forward

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