NZ's Fonterra rises to over 13-year high as annual profit more than doubles

Fonterra-operative

25/09/2026 03:37

** Shares of Fonterra FCG.NZ advance as much as 2.1% to NZ$4.98, their highest levels since May 2013 
** The dairy producer reported on Thursday annual profit after tax of NZ$2.61 billion ($1.48 billion), more than double from NZ$1.1 billion a year earlier
** Company declares final dividend of 33 NZ cents per share, flags likelihood of reduced milk production in FY27 due to an extended El Niño 
** About 318,608 shares change hands, 1.6x the 30-day average volume 
** Stock up 26.9% for the year, including the day's moves

($1 = 1.7671 New Zealand dollars)

 (Reporting by Rudrannsh Mehra in Bengaluru)
 ((Rudrannsh.Mehra@thomsonreuters.com))