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.
However, the Hound suggests that while moves by Fonterra to save money and help returns to its shareholders is for the most part a good thing, some of its austerity measures border on penny-pinching stupidity. One example is the way it treats farmer members of the Shareholders Council. Despite the fact these councillors regularly fly from all parts of the country to meet at Fonterra HQ in Auckland, the dairy co-op does not stump up for Koru club membership. And when the councillors arrive at Auckland airport they then have to take a bus into town for their meetings at Fonterra’s head office ‘gumboot castle’!
