Navann Ty's questions to PHIBRO ANIMAL HEALTH (PAHC) leadership • Q4 2025
Question
Navann Ty from BNP Paribas asked about the expected growth of the legacy MFA business and whether it would outpace the market. He also inquired if there was any evidence of sales pull-forward in international markets ahead of potential tariffs.
Answer
CFO Glenn David responded that the legacy MFA business is expected to grow in the flat to low single-digit range, consistent with a mature market, as reflected in the fiscal 2026 guidance. He stated that while the company strategically purchased inventory ahead of potential tariffs, they do not believe there was any customer sales pull-forward, and the Q4 results represent true underlying demand.