Fonterra Co-operative Group Ltd
Location: 109 Fanshawe Street, Auckland, New Zealand
Financial Indicators
For the fiscal year ending 31 July 2023, Fonterra reported a revenue of NZ$22.3 billion and a net profit after tax of NZ$1.6 billion. A normalized profit after tax of NZ$1,158 million was recorded, marking an 11% increase. The cooperative's projected earnings per share for FY25 are expected to rise by 13% to 70 cents.
Important Company Events
Fonterra has recently adjusted its forecast Farmgate Milk Price midpoint for the 2024/25 season, raising it from NZ$8.50 to NZ$9.00 per kilogram of milk solids (kgMS). Additionally, the Farmgate Milk Price for the 2025/26 season has been set at NZ$10.00/kgMS. The cooperative reported an increase in earnings after tax by NZ$119 million compared to the previous year.
Company Plans
Fonterra is actively pursuing strategic initiatives to enhance its market position, including:
- Innovation in Dairy Products: Investing in R&D to create high-value dairy products and sustainable packaging solutions.
- Expansion into Emerging Markets: Increasing its presence in rapidly growing markets across Asia and Latin America.
- Sustainability Initiatives: Committed to achieving net-zero carbon emissions by 2050, focusing on water conservation and renewable energy.
- Enhancing Farmer Support: Providing technical assistance and financial services to foster a strong cooperative culture.
In addition, Fonterra is exploring divestment options for its global Consumer business, considering a trade sale and an initial public offering (IPO). These strategic moves are aligned with emerging market trends and sustainability goals, reinforcing Fonterra's leadership in the global dairy sector.
Modified: 2025/08/27
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Fonterra Increases FY25 Forecast Farmgate Milk Price