Fonterra FY26 Results: $9.69 Milk Price, $3.4bn Profit
Fonterra has unveiled its annual results for the 2026 financial year, posting $27 billion in revenue and close to $20 billion returned to New Zealand farmer owners and unit holders.
The latest GDT auction result saw the average price index down 3.1% compared to the last auction.
Fonterra's board meets early next month to review the $5.30/kgMS milk payout; a further cut is now almost certain.
In a worrying sign for Fonterra farmers, the price of whole milk powder- the flagship product- was down 5.1% over the previous auction. Skim milk powder price was also down a whopping 5.7%.
Fonterra's current forecast price consists of a $5.30/kgMS milk price and a dividend range of 25 to 35c. For a fully shared up farmer, this translates into a payout of $5.55 to $5.65 for the season. Last season Fonterra paid a record $8.40/kgMS milk price and a dividend of 10c/share.
