Nufarm (ASX:NUF) reported Wednesday fiscal first-half earnings of AU$0.049 per diluted share, compared with AU$0.103 per diluted share a year earlier.

Analysts surveyed by Visible Alpha expected diluted EPS of AU$0.166.

Revenue for the six months ended March 31 was AU$1.81 billion, up from AU$1.76 billion a year earlier. Analysts polled by Visible Alpha expected total revenue of AU$1.84 billion.

The company said its fiscal second-half earnings before interest, taxes, depreciation, and amortization from seed technologies will likely be around AU$20 million lower than the prior year if fish oil prices remain weak. The company also abandoned its guidance of AU$100 million for omega-3 revenue in fiscal 2025.

It added that it is on track to deliver AU$50 million in run-rate annualized cost savings by the end of the fiscal year.