Nufarm Ltd reports strong profit growth and deleveraging progress
Key points
- Statutory Net Profit After Tax up 28%
- Underlying NPAT up 35%
- Net debt reduced by $135 million
Full summary
Nufarm Ltd (ASX: NUF) announced strong financial results for the half year ended March 2026, showing significant growth in profits and cash flow. The company reported a 28% increase in Statutory Net Profit After Tax to $38 million and a 35% rise in Underlying Net Profit After Tax (uNPAT) to $52 million. Underlying EBITDA (uEBITDA) increased by 18% to $243 million. The company also improved its free cash flow by $193 million and reduced net debt by $135 million, resulting in a net debt to uEBITDA ratio of 3.6x. The company reaffirmed its FY26 outlook for uEBITDA and leverage.
Guidance
FY26: uEBITDA growth expected, net debt to reduce year-on-year
Outlook
Nufarm expects strong growth in uEBITDA for FY26, with a targeted leverage ratio of approximately 2.0x net debt to uEBITDA.
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