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Synlait’s $307M North Island Asset Sale Marks Strategic Reset
7:41am on Monday 29th of September, 2025 AEST
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Synlait’s $307M North Island Asset Sale Marks Strategic Reset
7:41am on Monday 29th of September, 2025 AEST
Key Points
FY25 adjusted net profit of NZ$0.8 million, a significant improvement from prior losses
Binding agreement to sell North Island assets to Abbott for approximately NZ$307 million
Proceeds earmarked for substantial debt reduction, cutting net debt by 55%
Focus shifts to South Island operations with renewed emphasis on operational stability
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