Half Year 2026 Fonterra Co-Operative Group Ltd Earnings Presentation (Pre-recorded) Transcript

Mar 23, 2026 / NTS GMT

Release Date Price: €2.04 (-27.71%)

Transcript

Miles Hurrell

Fonterra Co-Operative Group Ltd - Chief Executive Officer

Kura, Andrew, and I are pleased to share our FY26 interim results. We've had another strong first half, demonstrating continued momentum in our performance. Our total group revenue is $14 billion which is an increase of $1.3 billion over last year. Profit after tax is $750 million with earnings of $0.45 per share, resulting in an interim dividend of $0.24 per share and a special mainland dividend of $0.16 per share. This represents 100% of Mainland Group's FY26 earnings while under Fonterra's ownership.

Return on capital is 11.2%, up on this time last year and well within our target range of 10% to 12%. We've also lifted the forecast farm GAAP milk price midpoint from $9.50 to

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