Key Takeaways
- ForFarmers reported first-half 2026 underlying profit up almost 60% year over year.
- Growth was driven by strong performances in the Netherlands, Germany and Poland.
- Return on average capital employed on underlying EBIT rose to 22.0% from 14.3% a year earlier.
- The company gained market share while keeping compound feed volumes at a solid level.
- The Dutch feed market contracted, hit by pig-sector buy-out schemes and avian influenza.
ForFarmers Reports First-Half 2026 Results
ForFarmers, one of Europe’s largest animal-feed companies, reported continued strong results for the first half of 2026, with underlying profit rising almost 60% from a year earlier. The Dutch feed group said the gains came primarily from strong performances in the Netherlands, Germany and Poland. As a supplier of complete feed solutions to livestock farmers, its results track closely with the health of Europe’s meat and dairy sectors.
“We successfully sustained the strong results achieved in the first quarter throughout the second quarter,” said Pieter Wolleswinkel, chief executive of ForFarmers. “Volume development remained positive, demonstrating that we have further strengthened our market positions.”
Profitability and Returns
Return on average capital employed on underlying EBIT rose to 22.0% as of June 30, 2026, up from 14.3% a year earlier. ForFarmers, which sells more than 10 million tonnes of animal feed a year, said positive volume development showed it had further strengthened its market positions. The jump in returns points to better pricing discipline and cost control alongside the volume gains.
ForFarmers Navigates a Softer Dutch Market
The company kept its compound feed volumes at a solid level despite challenging conditions, allowing it to gain further market share over the six months. The Dutch feed market contracted, mainly in the pig sector because of buy-out schemes, while avian influenza also weighed on demand in the Netherlands. Those pressures make the market-share gains more notable, since ForFarmers grew its slice of a shrinking home market.
Market-Share Momentum
The first-half performance points to ForFarmers holding volumes and improving returns even as parts of its home market shrink, supporting its position across northwestern Europe. Feed remains the single largest input cost for most livestock feed operations, so scale and efficiency are central to the company’s strategy.
