Denmark's FirstFarms 2025 revenue falls 17% on FMD, low prices

FirstFarms A/S

25/03/2026 07:38

Overview

Denmark agriculture producer's 2025 revenue fell sharply, impacted by FMD and low sales prices

2025 EBIT and EBITDA declined yr/yr, with net result after tax turning negative

Company completed silo expansion and irrigation extension in Romania; Slovak dairy construction resumed post-FMD

Outlook

FirstFarms expects 2026 EBITDA between 60 mln DKK and 100 mln DKK

Company sees 2026 EBIT between -10 mln DKK and +40 mln DKK

FirstFarms expects milk prices to recover in Q2/Q3 2026, but notes high market volatility

Result Drivers

FMD OUTBREAK - Outbreak of foot and mouth disease in Slovak dairy herd was primary reason for weak 2025 results, per management

LOW SALES PRICES - Lower-than-expected prices for pigs, milk and crops significantly affected revenue and earnings

Company press release: ID:nGNE8PKqyL

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
FY Revenue
DKK 379 mln
FY EBIT
DKK 13 mln
FY EBITDA
DKK 79 mln
FY Solvency Ratio
51.50%


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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)