Fonterra Co-operative Group (FCG)•HY26•Released 23 March 2026Interim distribution lifts 82% to 40cps on Mainland special; assets up 65%Pass-through vehicle records nil P&L by design, but investment income, balance sheet and payout all step up ahead of a $2.00 capital return.Published 22 April 2026Read briefing→
Fonterra Co-operative Group (FCG)•FY25•Released 20 March 2025Fonterra HY25: seasonal $1.8bn cash outflow lifts borrowings 73.6% to $5.96bnContinuing-operations profit held near flat and the interim dividend was lifted, but a milk-season working capital build swung cash generation...Published 22 April 2026Read briefing→
Fonterra Co-operative Group (FCG)•HY25•Released 20 March 2025FCG HY25 extraction mixes fund-entity figures with co-op comparativesHeadline declines of 98.6% in revenue and 100% in PBT are a reporting-shape artifact; the only clean reads are a 46.7% lift in interim dividend...Published 22 April 2026Read briefing→
Fonterra Co-operative Group (FCG)•FY24•Released 25 September 2024Fonterra total NPAT fell 28% to $1.13b as a discontinued-ops loss masked a...Operating cash flow doubled to $2.3b and the Co-op declared a 40 cps final dividend (25c ordinary + 15c special), but revenue fell 7% and the...Published 21 April 2026Read briefing→