Bega Cheese Income Statement

Financials in millions AUD. Fiscal year is July - June.

Millions AUD. Fiscal year is Jul - Jun.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '25 Jun 30, 2025	Jun '24 Jun 30, 2024	Jun '23 Jun 30, 2023	Jun '22 Jun 30, 2022	Jun '21 Jun 30, 2021
Revenue	3,539	3,522	3,376	3,010	2,073
Revenue Growth (YoY)	0.49%	4.31%	12.16%	45.17%	38.86%
Cost of Revenue	2,813	2,823	2,725	2,321	1,608
Gross Profit	726	698.5	651.4	689.4	465.2
Selling, General & Admin	672.1	658.2	648.4	616.3	400.7
Other Operating Expenses	-11.4	-11.7	-11.6	-9.8	-9.4
Operating Expenses	660.7	646.5	636.8	606.5	391.3
Operating Income	65.3	52	14.6	82.9	73.9
Interest Expense	-32.4	-32.7	-20.8	-9	-6.8
Interest & Investment Income	2	1.6	1	0.1	0.1
Earnings From Equity Investments	-	-	-0.8	1.9	1.2
Other Non Operating Income (Expenses)	-3.4	-3.4	2.2	-0.2	-1.8
EBT Excluding Unusual Items	31.5	17.5	-3.8	75.7	66.6
Merger & Restructuring Charges	-	-	-	-46.5	-62.2
Impairment of Goodwill	-	-	-117.9	-	-
Gain (Loss) on Sale of Investments	-	-	-	-	2.3
Gain (Loss) on Sale of Assets	2.2	16.7	16.6	1.7	-
Asset Writedown	-40.4	2	-153	-	-2.2
Legal Settlements	-	-	-	-	9.3
Other Unusual Items	-	-	1.3	2.9	85.4
Pretax Income	-6.7	39.8	-256.8	33.8	99.2
Income Tax Expense	1.8	9.3	-26.9	9.6	21.2
Net Income	-8.5	30.5	-229.9	24.2	78
Net Income to Common	-8.5	30.5	-229.9	24.2	78
Net Income Growth	-	-	-	-68.97%	266.20%
Shares Outstanding (Basic)	305	305	304	303	264
Shares Outstanding (Diluted)	307	306	304	304	265
Shares Change (YoY)	0.32%	0.79%	-0.14%	14.86%	23.50%
EPS (Basic)	-0.03	0.10	-0.76	0.08	0.30
EPS (Diluted)	-0.03	0.10	-0.76	0.08	0.29
EPS Growth	-	-	-	-72.85%	196.97%
Free Cash Flow	76.8	71.3	-52.8	92.4	89.2
Free Cash Flow Per Share	0.25	0.23	-0.17	0.30	0.34
Dividend Per Share	0.120	0.080	0.075	0.110	0.100
Dividend Growth	50.00%	6.67%	-31.82%	10.00%	-
Gross Margin	20.51%	19.84%	19.30%	22.90%	22.44%
Operating Margin	1.85%	1.48%	0.43%	2.75%	3.56%
Profit Margin	-0.24%	0.87%	-6.81%	0.80%	3.76%
Free Cash Flow Margin	2.17%	2.02%	-1.56%	3.07%	4.30%
EBITDA	115.8	101.8	77.5	147.2	123.3
EBITDA Margin	3.27%	2.89%	2.30%	4.89%	5.95%
D&A For EBITDA	50.5	49.8	62.9	64.3	49.4
EBIT	65.3	52	14.6	82.9	73.9
EBIT Margin	1.85%	1.48%	0.43%	2.75%	3.56%
Effective Tax Rate	-	23.37%	-	28.40%	21.37%

Updated Jun 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.