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Fonterra financial performance and milk price outlook

Updated 1 time since CLSTR started tracking revisions of this situation.

What changed

2026-09-23 23:44 UTC → 2026-09-25 00:59 UTC · added removed

Fonterra has updated its financial outlook and reported strong annual results for the 2026 fiscal year. Initially, the company revised its Farmgate Milk Price midpoint upward to $9.50 per kgMS, citing improved global commodity prices and demand for whole and skim milk powder. CEO Richard Allen noted that while the outlook is positive, geopolitical volatility remains a potential risk. Following this forecast, Fonterra reported year, characterized by a $2.6 billion after-tax profit for the 2026 fiscal year, a 142% increase. The company generated on $27 billion in revenue and returned $19.6 billion to farmer owners and unit holders. Operating revenue. This represents a 142% increase in profit, with operating profit rose rising 97.6% to $3.4 billion, billion. This growth was significantly bolstered by a $1.2 billion benefit from the sale of the Mainland Group. Excluding this divestment, the underlying operating profit rose 23.6% to $1.8 billion, allowing the co-operative to restore earnings to FY25 levels two years ahead of its original three-year schedule. In terms of shareholder returns, the company distributed $19.6 billion to farmer owners and unit holders. Total dividends reached 73 cents per share, which included a 16-cent special dividend linked to the Mainland Group sale. The final Farmgate Milk Price for the 2025/26 season was established at NZ $9.69 per kgMS. Looking forward, Fonterra has set a forecast for the 2026/27 milk price at a midpoint of NZ $9.50 per kgMS, with a projected range between $8.50 and $10.50. To support future operations, operations and expand protein production capacity, the company announced is proceeding with a $1 billion investment in its South Island manufacturing network to be deployed over the next three years.

Versions

  1. 2026-09-25 00:59 UTC Fonterra financial performance and milk price outlook
  2. 2026-09-23 23:44 UTC Fonterra financial performance and milk price outlook

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