FFARMS FirstFarms

FirstFarms adjusts the expectation for the year based on decreasing pig prices

FirstFarms adjusts the expectation for the year based on decreasing pig prices

Based in particular on the recent decrease in pig prices and assuming that these prices remain at the current level throughout the year, FirstFarms adjusts downwards the previous announced expectations for 2025 by 25 mDKK, and narrowing the range by 10 mDKK, to an EBITDA in the level of 60 - 90 mDKK and an EBIT of minus 10 - 20 mDKK.

Announced expectations 2025                 EBITDA                               EBIT

20 November 2025                                     60 - 90 mDKK                      -10 - 20 mDKK

11 July 2025                                              85 - 125 mDKK                     15 - 55 mDKK

31 March 2025                                           70 - 110 mDKK                     0 - 40 mDKK

13 March 2025                                           115 - 155 mDKK                   45 - 85 mDKK

Best regards,

FirstFarms A/S

For further information

Please visit our website or contact Co-CEO Michael Hyldgaard on phone .

About FirstFarms:

FirstFarms is a Danish stock exchange listed company. We operate FirstFarms with responsibility for the surrounding communities, and we deliver highest quality, which is primarily sold locally. We act on new opportunities, that create value for our investors and for the surroundings. Every day, we work on creating a more sustainable company.

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20/11/2025

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