Synlait FY26 Investor Presentation

• Synlait's financial performance improved in the second half of FY26.
• Operational and commercial pressures shaped FY26 results.
• The company is focusing on stabilising operations and diversifying revenue streams.

Synlait Milk Ltd's FY26 results showed improved stability in the second half, with operational and commercial pressures impacting the first half. The company's financial performance was influenced by operational disruption, lower-margin Advanced Nutrition sales, and an unfavourable Ingredients mix. Key initiatives included resetting the revenue function, broadening the customer pipeline, and improving operational efficiencies. The sale of North Island assets contributed to a reduction in net debt. Looking ahead, Synlait is focusing on converting operational progress into cash generation, diversifying revenue streams, and strengthening its market presence.

Synlait is focusing on converting operational progress into cash generation, diversifying revenue streams, and strengthening its market presence in key international markets.