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Synlait Unveils $80m Loss and Bold Recovery Plan with Asset Sale
7:38am on Monday 23rd of March, 2026 AEDT
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Consumer Staples
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Synlait Unveils $80m Loss and Bold Recovery Plan with Asset Sale
7:38am on Monday 23rd of March, 2026 AEDT
Key Points
Reported EBITDA loss of $34.7 million and net loss after tax of $80.6 million
Revenue increased slightly to $949 million despite profit decline
Manufacturing disruptions and lower ingredient returns created a 'perfect storm'
Announced sale of North Island assets as part of recovery strategy
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Synlait Milk (ASX:SM1)
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