We’re pleased to report our results for the six months ended 28 February 2026. Six months of continued strategic progress, with successful entry into Brazil establishing a platform for significant long-term growth.
Total revenue was £50.6m (H1 FY25: £50.6m), +2% at constant foreign exchange rate, reflecting continued progress across core markets, with Low Moisture Block volume growth of 6% year-on-year, offset by planned reductions in lower margin products in the UK and Ireland. Adjusted operating profit increased by 22% to £7.2m (H1 FY25: £5.9m) for the first half with adjusted profit before tax increasing by 19% to £7.0m (H1 FY25: £5.9m).
Joshua Hoopes, Chief Executive of Fevara commented:
“I am delighted to report a strong performance in the first half, driven by the UK, and I am pleased with the continued momentum across our core markets.
Alongside this, we marked our first successful steps into the highly significant Brazilian market, demonstrating the strength and resilience of our core business during a period of strategic investment. Post period end, the acquisition of a high-specification production facility in São Paulo establishes a platform which offers compelling long-term growth potential in the world’s largest beef producing country.
Whilst we are mindful of the current geopolitical environment, our regional based model provides resilience against supply chain disruption. We remain well positioned to continue delivering against our long-term growth strategy and realise significant global market growth opportunities.”
Tim Jones, Chair of Fevara commented:
“We entered the new financial year with a refocused strategy, a bold new identity and an ambition to be the global expert in extensive livestock supplements. Under this new identify, we have made strong progress in delivering our growth strategy supported by attractive acquisitions which have established our Southern Hemisphere presence. Global market fundamentals in the sector remain very strong, driven by high demand for animal protein. Supported by our position as a leader in research-proven livestock supplements, and our refocused strategy, I believe that Fevara is strongly positioned to benefit and drive sustainable value for all shareholders.”
Significant further progress has been made in implementing Fevara plc’s transformational strategic initiatives
View our Interim Results here: Results centre – Fevara plc
