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Highlights
- Nufarm shares rise 4.8% to AU$3.73, their highest level since December 13.
- FY25 revenue forecast for plant-based omega-3 products doubles to AU$100 million, up from AU$50 million in FY24.
- Shares spiked as much as 7.1% intraday, marking the biggest gain since November 14.
- Among top performers on the S&P ASX 200 Index.
- Stock up 5.4% year-to-date, reflecting investor confidence in growth prospects.
Nufarm Ltd (ASX:NUF) shares surged on Tuesday after the seed technology company provided a strong revenue forecast for its plant-based omega-3 products.
The company expects to generate AU$100 million in revenue in FY25 from its omega-3 product line, double the AU$50 million recorded in FY24. Investors reacted positively to the outlook, pushing the stock up 4.8% to AU$3.73, its highest price since mid-December.
Earlier in the session, shares jumped as much as 7.1%, marking the largest intraday gain since November 14, 2024.
Market Impact & Growth Potential
Nufarm’s strong performance has placed it among the top gainers in the S&P ASX 200 Index. The company’s 5.4% year-to-date gain reflects growing investor optimism about its expanding market share in plant-based omega-3 solutions, a sector with rising demand in the health and nutrition industry.
