Synlait Milk Limited (SML) has announced its financial results for the 12 months concluding on 31 July 2026, presenting a performance marked by increased revenue but overshadowed by a substantial net loss. Synlait Milk Limited is a New Zealand-based dairy company focused on processing milk into a range of dairy products, including infant formula, whole milk powder, and other nutritional products for global markets. It integrates advanced technology and sustainable practices throughout its supply chain. The company reported a notable increase in total revenue, which rose by 5.98% to NZD $1,936,666,000. Revenue derived from continuing operations also saw a positive trajectory, climbing by 5.79% to NZD $1,682,291,000 over the reporting period.
Despite the positive momentum in sales, the company experienced a significant downturn in its profitability. The net loss from continuing operations deepened considerably, decreasing by 449.06% to NZD ($91,545,000). This figure contrasts sharply with the revenue growth. Overall, the total net profit/(loss) for the full year stood at a loss of NZD ($75,440,000), marking an 89.44% decrease compared to the financial outcome of the previous corresponding period. These results indicate that while sales volumes or pricing may have increased, factors impacting costs or other operational efficiencies have significantly weighed on the company’s bottom line.
In response to these financial outcomes, Synlait Milk Limited confirmed that it would not be proposing to pay any dividends to its shareholders for this reporting period. Furthermore, an assessment of the company’s net tangible assets revealed a decrease per quoted equity security. This metric fell from NZD $1.09 in the prior comparable period to NZD $0.97 for the current period. Further comprehensive details regarding these figures and the company’s overall financial position are available in the accompanying Full Year 2026 Annual Report and the Full Year 2026 Investor Presentation. The announcement was released via MAP on 28 September 2026 and authorised by Acting CEO, Leon Fung.
