Synlait Milk Limited

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 but also faced a net loss of around NZD 28.5 million. The financial downturn was primarily due to the impacts of the COVID-19 pandemic, increased operational costs, and substantial supply chain disruptions.

Important Company Events

• Recapitalization Plan: Synlait launched 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 significantly expanded its consumer product offerings by acquiring the Dairyworks brand, aiming to diversify and strengthen its market presence.
• Commitment to Sustainability: Synlait has achieved B Corporation certification, highlighting its commitment to high social and environmental responsibility standards.

Company Plans

• Increase in Organic Milk Production: Focusing on meeting the rising consumer demand for organic dairy products.
• Enhancement of Sustainability Profile: Improving sustainability practices to contribute positively to environmental and social welfare.
• Expansion of Product Lines: Introducing 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: Committed to strengthening relationships with farmers, investors, and consumers to secure long-term growth and profitability.

Furthermore, Synlait has announced an opening forecast base milk price for the 2025-2026 season of $10/kg MS, aligning with Fonterra’s forecast, and plans to confirm its final milk price for the 2024/25 season on September 29.

Modified: 2025/05/18

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