Overview
- Fonterra lifted its farmgate milk price range for 2025/26 to NZ$9.20–NZ$9.80 per kgMS from NZ$8.50–NZ$9.50.
- It expects a special dividend of 14–18 New Zealand cents per share, funded by Mainland Group’s fiscal 2026 underlying earnings.
- The dividend would be paid after the consumer-business sale to Lactalis closes, which Fonterra expects in the first quarter of 2026.
- The cooperative cited stronger global dairy commodity prices and a firm sales book, noting four consecutive Global Dairy Trade auction gains.
- Guidance for continuing operations remains unchanged at 45–65 New Zealand cents per share.