FirstFarms A/S FFARMS

Half year result impacted by drought in Slovakia and low pig and milk prices FirstFarms A/S reported a pre-tax result of minus 50 mDKK in the first half year of 2026, which is not satisfactory. The first half of the year has been significantly impacted by very low pig and milk prices during the period. In addition, Europe has been affected by drought. As a result, yields in Slovakia are expected to be 35% below the budgeted. In Romania, on the other hand, growing conditions have been particularl

As a consequence of drought in large parts of Europe, and especially in Slovakia, crop yields in Slovakia are expected to be 35% lower than expected. At the same time, pig prices have decreased over the summer. As a result, FirstFarms adjusts downwards the previous announced expectations for 2026 by 20 mDKK to an EBITDA in the level of minus 5 – 45 mDKK and an EBIT of minus 75 – minus 25 mDKK. Announced expectations 2026 EBITDA EBIT 26 August 2026 minus 5 – 45 mDKK minus 75 – minus 25 mDKK8 July

Based on the recent decrease in pig prices, and changed expectations for prices throughout the year, and drought in Slovakia and Hungary, which is expected to reduce the crop yields by 25 % compared to the expectations, FirstFarms adjusts downwards the previous announced expectations for 2026 by 45 mDKK to an EBITDA in the level of 15 – 65 mDKK and an EBIT of minus 55 – 5 mDKK. The crops in Romania are in general good condition, where FirstFarms has more than 2,000 hectares under irrigation. In

Result for first quarter as expected FirstFarms A/S delivered an EBITDA of -7 mDKK and an EBIT of -23 mDKK during the first three months of the year. The result is as expected and follows the guidance for 2026. FirstFarms maintains the expectation for 2026 of an EBITDA in the range of 60-110 mDKK and an EBIT of -10-+40 mDKK. Revenue is reduced compared to same period last year from 102 mDKK to 73 mDKK, while EBITDA and EBIT has decreased by 19 mDKK. The most significant impact on revenue, EBITDA