ForFarmers posts record profit on higher volumes
Feed group sees growth opportunities despite volatility
20 February 2026
1 minute read
By: Netherlands-based feed solutions provider ForFarmers reported a 52.5% rise in 2025 net profit, marking a record year, Reuters reported.
Total feed volume increased 18% in 2025, with the company benefiting from favourable market conditions and strategic acquisitions.
ForFarmers said it sees opportunities for growth in the European agricultural sector and strengthened its position in the Polish poultry market through a joint venture with KPS. The company remains optimistic despite volatile market conditions.
It cited low raw material prices and favourable selling prices for milk, eggs and meat as key market drivers. Strategic steps, including Van Triest CirQlar and joint ventures in Germany and Poland, strengthened its market position. The company also gained market share in the Netherlands, reflecting customer satisfaction.
Full-year adjusted net income totalled €61.90 million. Adjusted free cash flow reached €148.30 million, while gross profit came in at €611.20 million.
The average analyst rating on the shares is “strong buy,” with two “strong buy” or “buy” recommendations and no “hold” or “sell” ratings. The average consensus recommendation for the fishing and farming peer group is “buy.”
Wall Street’s median 12-month price target for ForFarmers NV is €5.95, about 2.1% above its February 18 closing price of €5.83. The stock recently traded at nine times next 12-month earnings, compared with a price-to-earnings ratio of eight three months ago.
