ForFarmers 2025 results - Record year: 10.6 million tonnes of feed and more than 50% net profit increase

Lochem, 19 February 2026

ForFarmers 2025 results

Record year: 10.6 million tonnes of feed and more than 50% net profit increase

Pieter Wolleswinkel, CEO van ForFarmers: “With an increase in volumes to 10.6 million tonnes and an increase in net profit of 52.5%, 2025 has been a record year for ForFarmers. A result of which I am extremely proud, achieved through the exceptional motivation and commitment of our people. All clusters have done well, driven by a customer-centric approach. We are gaining market share, particularly in the Netherlands, indicating a high level of customer satisfaction. We also benefited from favourable market conditions with low raw material prices and good selling prices for milk, eggs and meat for a large part of the year. In the past year, we have taken important strategic steps with Van Triest CirQlar and the joint venture with team agrar in Germany. The reorganisation in the United Kingdom has been completed and provides a solid foundation for a healthy future outlook across all species. In Poland, we are taking an important step in value chain integration with the recently announced joint venture with KPS. This significantly strengthens our position in the growing poultry market in Poland. Despite the inherently volatile market conditions and the uncertain geopolitical environment, I am positive about the development of the agricultural sector in Europe. Across all countries in which we operate, I see opportunities for further growth and the strengthening of our position. This is how we continue to work on our mission: For the Future of Farming.”

Highlights 2025

• Total volume increased by 18.0% compared to 2024. On a like-for-like basis, excluding the acquisition of Van Triest Veevoeders and the consolidation of the joint venture in Germany, total volume grew by 1.0%.
• Compound feed volume increased by 6.9%, with like-for-like growth of 0.7%.
• Gross profit was up by 17.9% to €611.2 million, to which all clusters contributed.
• Higher volumes and gross profit, combined with strict cost management, resulted in an increase in underlying EBITDA of 44.7% to €145.9 million. Underlying EBIT rose by 57.7% to €93.2 million.
• Underlying net profit (attributable to shareholders of ForFarmers) increased by 52.5% to €61.9 million.
• Strong net cash flow from operating activities of € 148.3 million (2024: € 70.2 million).
• ROACE on underlying EBIT came in at 17.4% per 31 December 2025 (2024: 13.0%).
• Integration of Van Triest has largely been completed and the integration of the German joint venture with team agrar is on schedule.
• Strengthening the Dutch poultry value chain through investment in a broiler farm and the acquisition of Beukelaar Diervoeders.
• Recent announcement of intended joint venture with KPS Food Group, which will significantly strengthen our position in the growing Polish market.
• Good progress on CO2 reduction and the share of co-products increased.
• Dividend proposal of €0.30 per ordinary share (2024: €0.20).

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ForFarmers, Floor van Maaren:   of +31 (0)573 28 88 00

Company profile

ForFarmers N.V. (‘ForFarmers’) is a company offering complete feed solutions for (organic) livestock farming. With its mission statement “For the Future of Farming”, ForFarmers is committed to future-proof farming and making the agricultural sector even more sustainable. Our goal is clear: to contribute to good returns and a robust long-term earnings model. How? By leading the way with knowledge, advice, support and products on farm. Close to the farmers, solution-oriented and with an open mind to the future. The result: a contribution to affordable and sustainable food, For the Future of Farming.

With annual sales of over 10 million tonnes of animal feed, ForFarmers is a leading player in Europe. The company has production operations in the Netherlands (head office), Germany, Poland and the UK and exports to various countries within and outside Europe. ForFarmers has around 3,000 employees. ForFarmers N.V. is listed on Euronext Amsterdam.

ForFarmers N.V. -  Postbus 91 - 7240 AB Lochem

T: +31 (0)573 28 88 00 -  ,

Forward-looking statements

This press release contains forward-looking statements, for example relating to ForFarmers’ legal obligations in terms of capital and liquidity positions in certain specified scenarios. In addition forward-looking statements may, without limitation, contain phrases such as “intends to”, “expects”, “takes into account”, “is aimed at”, ‘’plans to”, “estimates” and/or words of a similar meaning. These statements pertain to or may affect matters in the future, such as ForFarmers’ future financial results, business plans and current strategies. Forward-looking statements are subject to a number of risks and uncertainties which may lead to material differences between the actual results and performance and the expected future results or performance as implicitly or explicitly contained in the forward-looking statements. Factors that may result in, or contribute to, deviations from current expectations include, but are not limited to, developments in legislation, technology, taxation, jurisprudence and regulations, share price fluctuations, legal proceedings, investigations by regulatory bodies, the competitive landscape and general economic conditions. These and other factors, risks and uncertainties that may affect any forward-looking statements or the actual results of ForFarmers are discussed in the most recently published annual report. The forward-looking statements in this press release relate solely to statements as from the date of this document and ForFarmers accepts no obligation or responsibility whatsoever to update the forward-looking statements contained in this release, regardless of whether these pertain to new information, future events or otherwise, unless ForFarmers is legally obliged to do so.

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