Australia's Nufarm gains as Citi stays 'Neutral', flags turning point in FY26

Nufarm

04/02/2026 04:38

** Shares of Nufarm NUF.AX rise as much as 2.6% to a three-week high of A$2.35

** Citi maintains its 'neutral' rating amid a balance of tailwinds and headwinds, adds FY26 could be an inflexion point

** Co is well-positioned to benefit from higher corp protection products volume, which can offset persisting soft prices, leading to cost of good sold benefits

** Encouraged by co's reaffirming guidance, especially for crop protection earnings growth, brokerage says

** Sees ~A$30 million ($21.06 million) EBITDA improvement for Emerging Platforms to be conservative, especially if improving trends in fish oil persists

** About 1.6 million shares change hands, 2.4 times the 30-day avg

** Down over 1% YTD

($1 = 1.4247 Australian dollars)

(Reporting by Anjali Singh in Bengaluru)

((anjali.singh2@thomsonreuters.com; ))