Half Year 2026 Nufarm Ltd Earnings Call Transcript
Key Points
- Nufarm Ltd (NUFMF) reported an 18% growth in EBITDA and a 35% increase in NPAT over the prior corresponding period.
- The company achieved a significant improvement in free cash flow of $193 million, reducing leverage to 3.6 times net debt underlying EBITDA.
- Gross profit increased by 7%, reaching a margin of 33.1%, the highest in the last 20 years for Nufarm Ltd (NUFMF).
- The company delivered profitable growth in Crop Protection with improved margins and a 6% increase in EBITDA in constant currency.
- Seed Technologies saw an 8% growth in EBITDA, driven by hybrid seeds and improved performance in emerging platforms.
- Revenue was lower year-on-year due to a deliberate focus on improving mix and prioritizing margin over volume.
- APAC EBITDA declined by 15% due to dry weather conditions in Australia and currency headwinds.
- Longer regulatory approval processes impacted the timing of new product revenue in North America.
- The company is facing challenges with dry weather conditions in Australia affecting performance.
- There is a risk of potential shortages in critical inputs due to global supply chain disruptions.
Thank you for standing by, and welcome to the Nufarm Limited 1H '26 results. (Operator Instructions)
I would now like to hand the conference over to Mr. Rico Christensen, CEO. Please go ahead.
Thank you, Ashley. Good morning, and thank you for joining us today for Nufarm's first-half FY26 results. With me today, I have our CFO, Brendan Ryan; our Group Executive for Portfolio Solutions, Beth Lorsbach; and our General Manager for the hybrid seeds business, Rachel Palumbo.
Over the past year, we have been very deliberate in sharpening our focus to improve earnings quality, strengthen the balance sheet, and increase capital discipline. Today's presentation reflects good progress on that journey. I'll walk through the first half performance. Brendan will then discuss the financials in more detail. And lastly, I will talk about our strategy refresh and close with our outlook commentary.
Before we begin, I encourage everyone to read the important
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
