ADAMA Ltd

ADAMA Ltd. announced that its innovative molluscicide Ferrabait, based on the novel Feralla active ingredient, has received its first European Union product registration in Latvia, paving the way for commercial launches across Europe beginning in 2027 with France, Sweden, and Lithuania. The product, approved for use in cereals, rapeseed, potatoes, and high-value vegetables, delivers rapid control of slugs and snails within three days of application, addressing increased pest pressure from milder winters. Ferrabait leverages ADAMA's proprietary Desidro Technology to produce durable, mold-resistant pellets that outperform leading ferric phosphate competitors in wet conditions. The Feralla active ingredient was approved by the EU as a low-risk substance in 2025, and the formulation includes 12 components to enhance bait attractiveness while supporting sustainability goals. Germain Boulay, ADAMA's Global Head of Herbicides and Molluscicides, highlighted the product as an additional tool for growers facing regulatory and sustainability pressures.

ADAMA A released its 2026 interim report on August 19, 2026. Net profit attributable to the parent company was 433 million yuan, an increase of 513 million yuan compared with the same period last year, turning losses into profits. The company's total operating revenue was 14.477 billion yuan, down 3.65 percent year on year. Net cash inflow from operating activities was 670 million yuan, down 61.47 percent year on year. The latest gross margin was 27.31 percent, up 0.72 percentage points year on year, marking three consecutive years of growth. The latest return on equity was 2.45 percent, up 2.88 percentage points year on year. Diluted earnings per share were 0.19 yuan, up 0.22 yuan year on year.

ADAMA A disclosed its earnings forecast, expecting net profit attributable to the parent of 364 million yuan to 501 million yuan in the first half of 2026, compared with a loss of 80.35 million yuan in the same period last year, achieving a turnaround to profit year-on-year. Deducted non-recurring net profit is expected to be 65 million yuan to 96 million yuan, compared with a loss of 150 million yuan in the same period last year. Basic earnings per share are expected to be 0.1562 yuan to 0.2151 yuan. The company stated that the improvement in performance was mainly due to an increase in EBIT and a decrease in financial expenses. At the same time, the disposal of an Israeli logistics center by a subsidiary in the first quarter brought 306 million yuan in non-recurring asset disposal gains, driving year-on-year growth in EBITDA and its margin. In addition, both gross profit and gross margin increased, offsetting the impact of higher operating expenses. Sales in US dollar terms were flat compared with the same period last year, but due to the appreciation of the renminbi, sales in renminbi terms declined year-on-year. Excluding the impact of actively cutting some low-margin businesses, sales should have increased year-on-year.