Fonterra hit post Mainland profitability targets two years early. Thu, 24 Sep 2026 0 Comments Fonterra chief executive Richard Allen. Photo / Fonterra Fonterra Co-operative Group hit its post-Mainland Group profitability targets two years early, reporting an operating profit of $1.8 billion.The co-op reported its full-year results on Thursday, reporting a total group operating profit of $3.4b, which included a $1.2b benefit from the divestment of the consumer business.Profit after tax for the year was $2.6b, up 142%.Operating profit from its remaining business was $1.8b, up 23.6% on the year before, with a profit after tax of $1.2b, equivalent to 71 cents per share - an increase of 17c... * Deeply researched, twice-edited and fact-checked news * Annual subscribers also receive a complimentary subscription to The Wall Street Journal * Personalised email news alerts, plus gift up to 5 stories a month to non-subscribers Minimum password length of 8 characters. Require at least one upper and lowercase, numeric, and special character. Annual - including full access to The Wall Street Journal $349.00 Monthly $44.00 All subscriptions auto renew but are easy to cancel. Not convinced yet? The results detail FirstCape's buy of Consilium NZ in 2025. Documents behind $60m Government bailout have been published. A short flight, world-class venues and a culture built for connection - here's the business case for hosting your next event in Fiji Tourism Fiji Five proposed policy principles outline the action being sought from the Government. Vista Group is on track to be the week's top gainer on the NZX 50, up 7.95% since last Friday's close. The stock was trading at $2.85 at 2pm in Wellington. "Vista Group is obviously a technology play, and we've seen the market is stronger in that sector (this week), outside of the US," Peter McIntyre, investment adviser at Craigs Investment Partner Rebecca Howard 18 Sep 2026 Fonterra Co-operative Group says it expects full-year underlying earnings to be at the top end of its guidance range. In May, the co-op lifted its forecast to between 60 and 70 cents per share, up from 50 to 65 cents per share. It counts underlying performance as if the Mainland Group transaction had occurred for the full period. Fonterra paid out Riley Kennedy 02 Sep 2026 By Ed Ballard El Niño is an awe-inspiringly complicated network of relationships across air and ocean, tying snowfall in Chile with drought in Papua New Guinea and connecting floods in Texas with Antarctic sea ice. But is it also a winning brand? That's the view of Les Finemore, an Australian agricultural commodities trader based in Mexico City. He The Wall Street Journal 29 Aug 2026 Bega Group spent nearly A$2 million (NZ$2.39m) on its failed pursuit to purchase parts of Mainland Group from Fonterra Co-operative Group. The Australian-listed dairy company was seen as an agitator during the co-op's process to spin out its former consumer business. It made no secret of its wish to get its hands on at least the Oceania operation o Riley Kennedy 25 Aug 2026 Property for Industry is keenly focused on two key lease expiries in its full-year 2027, set against an Auckland economy it believes is showing some signs of underlying activity. "We've had a pretty good track record the last few years of getting ahead of impending vacancy and dealing with that," chief executive Simon Woodhams said. His comment fol Andy Macdonald 25 Aug 2026 Pāmu has cracked its goal of $100m net operating profit four years early as it continues to benefit from strong commodity prices and improved on-farm productivity. The country's state-owned farmer reported a net operating profit - its preferred measure of performance which strips out revaluations - of $113m for the 12 months to June. That's a signi Riley Kennedy 20 Aug 2026 ASB has posted a lower annual after-tax profit, with its $135.6 million class action settlement seeing operating expenses rise amid a year with uneven economic forces. The bank posted a net profit after tax of $1.4 billion for the year to June 30, down from $1.45b a year earlier. This was achieved on net interest income of $3.3b, from $3.1b. Net i Andy Macdonald 12 Aug 2026 By Tim Higgins SpaceX may be a rocket company, but nowadays it feels more like a roller coaster. This past week alone, chief executive Elon Musk watched as its shares plummeted almost 14% in one day - which wasn't even the worst performance in SpaceX's short tenure as a publicly traded company. By Friday, the shares had soared more than 20% from The Wall Street Journal 10 Aug 2026 A little over a year ago, I reviewed my first play for BusinessDesk. I was still relatively new to New Zealand and, sitting in the audience at The End of Summer, I felt completely out of my depth. It was such a distinctly Kiwi play that many of the jokes went over my head. But it also gave me an insight into this new place I had come to call home a Dalaine Krige 08 Aug 2026 By Theodore Kinni In 1995, a year after co-writing a bestselling book on the habits of great companies, Jim Collins left the faculty of Stanford's business school to found his own management lab. Over the course of his work, Mr Collins became interested in how people create engaging lives for themselves. He shares his findings in What to Make of The Washington Post 26 Jul 2026

Top dairy exporter Fonterra flags El Niño risks to milk supply. Published on 09/23/2026 at 05:06 pm EDT - Modified on 09/23/2026 at 08:02 pm EDT Sept 24 (Reuters) - New Zealand's Fonterra on Thursday warned that El Niño could affect milk volume growth at the end of the 2026/27 season, as the weather phenomenon heightens risk of extreme weather events and impacts global crop output. El Niño - a periodic warming of sea surface temperatures in the eastern Pacific caused by weakening trade winds - is set to intensify further into 2027 and could be the strongest ever, according to the World Meteorological Organization, potentially fueling extreme weather such as droughts and typhoons. After factoring in El Niño risks, the world's biggest dairy exporter expects fiscal 2027 underlying earnings per share of 65 New Zealand cents to 85 New Zealand cents, the midpoint of which is slightly above the 71 NZ cents per share recorded in fiscal 2026. "Weather is obviously something Fonterra can't control. A material reduction in milk production would affect the amount of product available to process and sell, so I think El Niño is a meaningful downside risk and one of the reasons investors should retain some caution around the FY27 outlook," said Jeremy Sullivan, an investment adviser at Craigs Investment Partners. Meanwhile, Fonterra's profit after tax for fiscal 2026 more than doubled from a year earlier to NZ$2.61 billion ($1.48 billion), boosted by gains from the sale of the Mainland Group to French dairy giant Lactalis and strong demand for protein-rich products sold by its Ingredients business. Shares of the dairy co-operative were up 0.4% at NZ$4.82 in early trade. As global protein demand rises rapidly amid shifting consumer preferences toward healthier and more nutrient-dense foods, Fonterra said it would invest NZ$1 billion over the next three years to expand its protein manufacturing network in South Island. The projects are expected to create around 50 to 60 permanent roles, it said. Fonterra also declared a final dividend of 33 New Zealand cents per share, lifting its total payout for the year to 73 NZ cents, compared with 57 NZ cents a year earlier. ($1 = 1.7618 New Zealand dollars) (Reporting by Nichiket Sunil and Anjali Singh in Bengaluru; Editing by Jonathan Ananda) By Nichiket Sunil (C) Reuters - 2026

Fonterra and KMR partnership accelerates catchment remediation across 149 Northland and Auckland dairy farms. Fonterra and KMR partner across 149 dairy farms, funding 350+ km of fencing and 202,000 native plants to protect the Kaipara Moana catchment. Co-funded environmental initiative installs over 350 km of fencing and 202,000 native plants to halve sedimentation in the Kaipara Moana harbour. An environmental remediation partnership between global dairy exporter Fonterra and the Kaipara Moana Remediation (KMR) programme has successfully engaged 149 commercial dairy farms across the Auckland and Northland catchments. Operating under a 50 percent co-funding model where KMR matches landowner investments in riparian fencing and native revegetation, the joint initiative has facilitated nearly 250 individual project applications. To date, the collaboration has funded the planting of approximately 202,000 native trees and shrubs alongside the installation of more than 350 kilometres of protective fencing around critical waterways, drains, and wetland ecosystems. The core ecological mandate of the ten-year KMR initiative centers on restoring the mauri (vital essence) of the Kaipara Moana - the southern hemisphere's largest estuarine harbour - by reducing agricultural sediment runoff and nutrient flows into tributary rivers by 50 percent. Fonterra sustainable-dairy specialist for Northland, Helen Moodie, highlighted that integrating cooperative field advisors with KMR technical frameworks enables dairy operators to extend formal catchment protections beyond major waterways into smaller feeder streams, inland gullies, and highly erodible hillside blocks that traditionally fell outside standard compliance baselines. On-farm case studies demonstrate how targeted riparian retirement enhances both watershed health and operational efficiency. In Titoki, dairy farmers John and Jenny Waterhouse, working alongside sharemilker Johan Guitry, added 5,750 native plants across 1.4 kilometres of waterways on their 211-hectare property positioned between the Wairua and Mangakāhia rivers, bringing total farm exclusions to 30 hectares secured by 18.5 kilometres of fencing. Similarly, at Donnellys Crossing, producers Greg and Claire Collins fenced 1.8 kilometres to establish 4,450 native plants along the Mangatū River, noting that retiring low-yielding, erosion-prone pasture allowed them to focus herd management on prime grazing acreage and increase annual profitability. The structured collaboration highlights how cooperative extension networks can lower administrative and capital barriers for primary producers navigating stringent freshwater farm regulations. By providing on-the-ground technical design, grant application processing, and verified contractor sourcing, the programme mitigates the direct financial burden of large-scale fencing and planting projects. KMR Acting Pou Tātaki Emma Doré emphasized that partnering directly with dairy processors ensures broad landscape-scale participation across contiguous catchment zones rather than isolated, piecemeal conservation plots. The Fonterra-KMR collaboration illustrates the strategic alignment of commercial dairy supply chains with regional environmental stewardship in New Zealand. As international consumer markets and regulatory frameworks increase scrutiny on on-farm biodiversity, water quality, and sediment mitigation, co-funded catchment models provide a proven mechanism for dairy farmers to improve environmental metrics without compromising livestock productivity. Scaling these public-private environmental frameworks will remain vital as the trans-Tasman dairy sector balances export competitiveness with rigorous ecological standards.