Nufarm Ltd Half-Year Financial Results
Key points
- Revenue down 5% to $1.71 billion
- Underlying net profit after tax up 35% to $52.1 million
- Basic earnings per share 7.3 cents, up from 4.9 cents
- No interim dividend declared
- Net debt at $1.23 billion, down 10% from prior corresponding period
Full summary
Nufarm Ltd announced its financial results for the half year ended 31 March 2026, reporting a 5% decline in revenue to $1.71 billion. Underlying net profit after tax increased by 35% to $52.1 million, while basic earnings per share rose to 7.3 cents from 4.9 cents in the prior corresponding period. The company's profitability improved due to stronger contributions from Seed Technologies, particularly Hybrid Seeds, and improved margins in Crop Protection. Despite the financial improvement, the board decided not to pay an interim dividend. Net debt stood at $1.23 billion, a 10% decrease from the prior corresponding period, reflecting improved earnings, disciplined working capital management, and reduced capital expenditures.
Guidance
Underlying net profit after tax expected to increase by 18-22% for FY26
Outlook
Nufarm expects continued improvement in profitability driven by growth in Hybrid Seeds and improved margins in Crop Protection, despite potential challenges from lower Crop Protection volumes and foreign currency translation impacts.
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