Earnings call transcript: Synlait H2 2026 loss narrows as turnaround gains pace

Synlait Milk's H2 2026 earnings call transcript reveals a financially challenging year for the New Zealand dairy processor, with a reported net loss after tax of NZD 75.4 million. However, the second half of the year showed significant improvement, with EBITDA improving by NZD 77.5 million and underlying EBITDA improving by NZD 38.1 million compared to the first half.

Despite the turnaround, the company remains under strain, and management has not yet provided formal earnings guidance. The North Island asset sale helped reduce net debt by 14% to NZD 215 million, and revenue grew by 39.7% over the last twelve months, driven by consumer and food service expansion.

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