Strong Market Position in Seed Technologies
Nufarm's hybrid canola, sorghum, and sunflower seeds platforms have a strong market position, delivering over $200 million in revenue annually with high margins and strong cash generation.
Significant Opportunities in Bioenergy
Nufarm's bioenergy platform, led by carinata, is underpinned by a 10-year agreement with BP, with plans for a 3x expansion in carinata area planted in 2025 compared to 2024.
Strong Recovery in Crop Protection
Nufarm reported underlying EBIT from Crop Protection up 34% year-on-year, with notable improvements in profitability in Europe and APAC.
Reduction in Inventory Days
Nufarm achieved a 22-day year-on-year reduction in inventory days at the half-year and is on track for a 25-day reduction by the end of financial year '25.
Improved Net Working Capital
Net working capital to sales improved to 39.2%, indicating better efficiency in using the balance sheet.