Synlait Milk posts NZ$75.4M annual loss
- Synlait Milk reported a full-year net loss after tax of NZ$75.4 million for FY26.
- The company's reported EBITDA rebounded from a NZ$34.7 million loss in the first half to NZ$42.8 million in the second half.
- Management is focusing on its "Stabilise, Simplify and Scale" roadmap while exploring expansion strategies for 2027.
Dairy processor Synlait Milk (ASX:SM1) reported a full-year net loss after tax of NZ$75.4 million for the twelve months ended July 31, driven by first-half operational challenges.
The annual loss follows operational disruptions in 2025 that created a difficult first half before second-half stability lifted performance.
"Our first-half performance was affected by the impacts and costs of the 2025 manufacturing challenges," said Synlait Milk Chair George Adams.
Secondary figures revealed full-year revenue of NZ$1.94 billion alongside an underlying EBITDA of NZ$46.3 million and net debt of NZ$215 million.
Following the announcement, the Synlait Milk share price was unchanged at $0.30.
The Canterbury-based dairy processor has recently focused on balance sheet recovery through asset sales and debt reduction initiatives.
