FirstFarms revenue drops on FMD outbreak, weak prices
Danish producer swings to loss, sees volatile 2026 ahead
26 March 2026
1 minute read
By: Denmark-based FirstFarms reported a sharp decline in 2025 revenue, hit by a foot-and-mouth disease (FMD) outbreak and lower sales prices, according to Reuters.
The agricultural producer said revenue fell 17% year over year, while both earnings before interest and tax (EBIT) and earnings before interest, tax, depreciation and amortisation (EBITDA) also declined compared to the previous year. The company’s net result after tax turned negative.
Management said the outbreak of foot and mouth disease in its Slovak dairy herd was the primary driver behind the weak performance in 2025. Lower-than-expected prices for pigs, milk and crops also significantly affected revenue and earnings.
Despite the downturn, FirstFarms completed a silo expansion and irrigation extension in Romania during the year. Construction of a dairy facility in Slovakia resumed following the resolution of the FMD outbreak.
Looking ahead, the company expects 2026 EBITDA to range between 60 million Danish kroner and 100 million Danish kroner, with EBIT projected between a loss of 10 million kroner and a profit of 40 million kroner.
FirstFarms said it anticipates milk prices will recover in the second and third quarters of 2026 but warned that market conditions remain highly volatile.
