News milk
Fonterra raises price forecast and result
Fonterra has once again posted strong results for the first half of the 2025/26 financial year. Revenue and profit improved, and the expected payout to member dairy farmers is also continuing to rise. Read more about Fonterra's half-year figures.
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The transfer thereof to Lactalis will officially take place at the end of March.
For the member dairy farmers, the message contains good news, because the milk price forecast is raised by 20 cents again, from NZ $9,50 per kilo milk solids to NZ $9,70 per kilo.
The expectation for the ordinary dividend now stands at 45 cents per share, which is slightly disappointing given that a dividend of 45 to 65 cents was previously projected. The dividend from the sale of the Mainland Group amounts to 16 cents, which falls exactly in the middle between the 14 and 18 cents mentioned earlier.
In the meantime, Fonterra benefited from the Mainland Group for as long as it lasted. The latter made a significant contribution to the result. Revenue rose by NZ$1,3 billion compared to the first half of the previous fiscal year, reaching NZ$13,9 billion for the first half of the current fiscal year. Operating income increased from NZ$1.107 million to NZ$1.231 million. Net profit rose from NZ$729 million to NZ$750 million.