Earnings call transcript: Synlait H2 2026 loss narrows as turnaround gains pace
Synlait Milk reported a challenging financial year in fiscal 2026, with a narrowing loss and a clear operational recovery. The company's second-half performance improved significantly after a weak first half, driven by growth in consumer dairy, food service, and volume gains in other parts of the business. Revenue for the year reached NZD 1.93 billion, while EBITDA improved by NZD 77.5 million from the first half of the year.
Despite these positive signs, Synlait still posted a reported net loss after tax of NZD 75.4 million. The North Island asset sale helped reduce net debt by 14% to NZD 215 million. Management is cautiously optimistic about the company's future, stating that the second-half operating run rate is sustainable, but they have not provided formal earnings guidance yet.
Investors are watching the company closely, as Synlait's shares fell 6.35% to $0.30 following the earnings call. The stock is near the bottom of its 52-week range, indicating cautious market sentiment.
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