Nufarm Ltd (NUFMF) Q4 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Thank you and good morning everyone. Welcome to New Farm's Financial Year 25 results presentation. Joining me today are Brendan Ryan, New Farm's CFO, Brent Zacharias, Group Executive of Sea Technologies, as well as Rico Christensen, who's the Group Executive Portfolio Solutions, and as you'll see from this morning's announcement, CEO Designate. I will talk to the transition in more detail later in the presentation. But in terms of the call today, I will speak to the financial year 25 results, Brendan will speak to the financials, and Rico will cover priorities for financial year 26 and the outlook. Before we move to the presentation, I draw your attention to the disclaimer on slide two, and in particular, the wording related to forward-looking statements. To the result, since the half year we have delivered on key profitability and leverage unwind targets that we communicated to the market in August. We are very pleased with the performance of crop protection delivering an earnings increase of 18% with importantly growth across all regions. We have concluded the review of seed technologies and the board has determined that a reprioritised strategy is expected to deliver the best value for shareholders. We have taken steps during the year to reduce cost and capital requirements across the SEEDS business and we are in very good shape to deliver upside from the business in the future. We reported a statutory loss of $165 million, which includes $142 million of mainly non-cash material items relating to the outcomes of the seed technologies review and the broader performance improvement program across the business. We are confident that the action that we have taken sets the business up well for the future. We reduced net debt by $538 million from the half and ended the ...