Nufarm Ltd (NUFMF) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Thank you for standing by and welcome to the New Farm Limited 1H26 results. All participants are in a listen-only mode. There will be a presentation followed by a question and answer session. If you wish to ask a question, you will need to press the star key followed by the number 1 on your telephone keypad. I would now like to hand the conference over to Mr. Repo Christensen, CEO. Please go ahead. Thank you, Ashley. Good morning, and thank you for joining us today for Nufarm's first half FY26 results. With me today, I have our CFO, Brendan Ryan, our Group Executive for Portfolio Solutions, Beth Lossback, and our General Manager for the Hypersheets Business, Rachel Paloma. Over the past year, we have been very deliberate in sharpening our focus to improve earnings quality, strengthen the balance sheet, and increase capital discipline. Today's presentation reflects good progress on that journey. I'll walk through the first half performance. Brendan will then discuss the financials in more detail. And lastly, I will talk about our strategy refresh and close with our outlook commentary. Before we begin, I encourage everyone to read the important notices on the next page regarding forward-looking statements and non-IFRS measures. As always, Our comments today are subject to market conditions and the risks outlined in this presentation. I am pleased to report that we have delivered a strong result with 18% growth in EBITDA and 35% growth in NPAT over a prior transforming period. We also delivered a significant improvement in free cash flow of $193 million, reducing our leverage to 3.6 times net debt to underlying EBITDA which is not only better than last year, but also on par with the first half of FY24. Revenue was lower year on year, reflecting a deliberate focus on imp...