• Delivered on profitability and seasonal debt unwind in FY25
• Reprioritised Seed Technologies strategy to reduce costs and capital requirements
• Crop protection profitability improved across all regions, hybrid seeds generating strong profits

Nufarm reported FY25 results in line with the August update, with uEBITDA of $302m, net debt of $824m, and leverage of 2.7. The company delivered a statutory loss of $165m, which included $142m mainly non-cash material items from a Seed Technologies review and performance improvement program. Crop protection profitability improved across all regions, with uEBITDA up 18% on the prior year. The company reprioritised its Seed Technologies strategy, reducing costs and capital requirements across the business, continuing to grow hybrid seeds, and repositioning the Omega-3 platform. Nufarm is confident in FY26 earnings growth and leverage reduction, driven by momentum in crop protection and hybrid seeds, as well as $50m in run-rate cost savings, working capital reduction, and lower capital expenditure.

Nufarm expects strong growth in uEBITDA in FY26, with continued growth in crop protection and improvement in Seed Technologies. The company is targeting leverage of approximately 2.0 by the end of FY26, down from 2.7 in FY25, and expects positive free cash flow in FY26 with capital expenditure below $200m.

Nufarm is focused on profitable growth, disciplined capital allocation, and free cash flow generation in FY26. The company will prioritize cost and capital discipline, drive profitable growth in crop protection, and deliver on its reprioritised Seed Technologies strategy, reducing cash costs and capital requirements while growing the hybrid seeds business.