Australia's Nufarm jumps most in 6 months on earnings beat, CEO transition
18/11/2025 23:54
** Australian agribusiness Nufarm Ltd NUF.AX rises as much as 14% to A$2.44, its biggest intraday percentage gain since May 18 ** Stock hits its highest level since early September ** Co names Rico Christensen as the new CEO, with Greg Hunt set to step down in January 2026 ** Co posts FY Underlying EBITDA of A$302.5 million ($196.90 million) ahead of expectations ** Co expects strong growth in underlying EBITDA in FY26 and net debt levels similar to that seen a year ago ** Earnings beat, better-than-expected leverage and encouraging outlook statement should drive the shares up - brokerage Citi ** Stock down 32.5% this year, including the day's move ($1 = 1.5363 Australian dollars) (Reporting by Roushni Nair in Bengaluru) ((Roushni.Nair@thomsonreuters.com))
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