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.
A tweetfrom Fonterra’s official twitter account said the industry has lost “a close friend, leader and advocate of our industry much too soon”.
“Our thoughts and deep gratitude for all that Michael contributed go to the Spaans family.”
Spaans stepped down from the Fonterra board last year due to poor health. He remained chairman of DairyNZ.
Spaans farmed at Te Aroha and also had farming interests in the South Island, Chile and the US.
