Synlait Milk Limited: A Key Player in the Dairy Industry

Location: 1028 Heslerton Road, Dunsandel 7682, Canterbury, New Zealand.

Financial Indicators

In the fiscal year 2022, Synlait reported revenues of approximately NZD 1.3 billion. The company faced challenges, resulting in a net loss of around NZD 28.5 million, mainly due to the impacts of the COVID-19 pandemic, increased operational costs, and significant supply chain disruptions. Additionally, Synlait reported a further loss of NZD 80.6 million, attributed to operational and market challenges.

Important Company Events

• Recapitalization Plan: Synlait initiated a strategy to raise up to NZD 200 million through equity and debt instruments to stabilize its financial position and provide flexibility for future growth.
• Acquisition of Dairyworks: In 2019, Synlait expanded its consumer product offerings by acquiring the Dairyworks brand, aiming to diversify and strengthen its market presence.
• Commitment to Sustainability: Synlait achieved B Corporation certification, highlighting its dedication to high social and environmental responsibility standards.
• Milk Price Forecast: Synlait announced an opening forecast base milk price for the 2025-2026 season of $10/kg MS, with plans to confirm its final milk price for the 2024/25 season on September 29.
• Asset Sale to Abbott: Synlait sold its Pōkeno operations to Abbott Laboratories, which is equipped for large-scale production.
• Dairyworks Retention: After a failed sale attempt, Synlait decided to retain Dairyworks, focusing on leveraging its performance for future growth.

Company Plans

• Increase in Organic Milk Production: Synlait is focusing on meeting the rising consumer demand for organic dairy products.
• Enhancement of Sustainability Profile: The company is improving sustainability practices to contribute positively to environmental and social welfare.
• Expansion of Product Lines: Plans are underway to introduce high-value nutrition products that align with evolving consumer preferences.
• Investment in New Technologies: Funds from recapitalization will be invested in advanced technologies to enhance operational efficiency.
• Building Stronger Partnerships: Synlait is committed to strengthening relationships with farmers, investors, and consumers to secure long-term growth and profitability.

Modified: 2026/04/11