Market PositionForFarmers' position as a leading European feed supplier, with a broad product range, branch/distributor network and partnerships, provides durable scale and customer access. This supports steady structural demand, cross-selling and resilience versus smaller competitors over months.
Cash GenerationA sharp FCF rebound (98.4M, +46.6%) and strong operating cash flow indicate improved cash conversion and earnings quality. Sustained FCF supports reinvestment, dividends and debt repayment capacity, strengthening financial flexibility over the medium term.
Earnings RecoveryRevenue rebound and higher net income (49.9M) reflect a return to profitable operations and better operational leverage. Improved returns (ROE rose to ~13.9% in 2025) signal stronger earnings power and more discretionary capital for growth or shareholder returns.