Australia · Delayed Price · Currency is AUD Bega Cheese Earnings Call Transcripts
Fiscal Year 2026
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FY 2026 revenue, profit and returns improved, supporting a higher fully franked dividend. FY 2027 priorities include investment-led growth, efficiency and wellness innovation, while management cited weather and supply pressures as risks.
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Strong branded and bulk segment growth drove revenue and EBITDA to the top end of guidance, supported by operational efficiencies, premiumization, and innovation in health and protein products. Major capacity expansions and continued investment position the company for further growth in FY 2027 and beyond.
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Strong first half results driven by operational transformation, cost optimization, and targeted growth investments. Raised FY26 EBITDA guidance, improved margins, and accelerated branded business growth, with major capital projects set to further boost performance.
Fiscal Year 2025
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The AGM highlighted strong financial results, major site consolidations, and a robust innovation pipeline. Shareholders engaged on sustainability, AI, and governance, with board elections and remuneration receiving strong support. Strategic initiatives position the company for continued growth.
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Strong normalised earnings growth was achieved through strategic cost optimisation, innovation, and international expansion, with major site closures and asset sales setting up future efficiencies. Guidance for FY 2026 targets AUS 215–220 million EBITDA, with continued focus on branded growth and cost savings.
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Normalized EBITDA rose 44% to AUD 110 million, driven by cost savings, innovation, and a strong bulk segment recovery. Branded business showed resilience amid challenging consumer sentiment, with continued investment in brands and efficiency projects. Dividend increased to AUD 0.06 per share.
Fiscal Year 2024
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FY 2024 delivered strong branded and international growth, improved margins, and a 7% dividend increase, despite bulk business headwinds. Strategic realignment, efficiency gains, and sustainability initiatives were highlighted, with board renewal and governance addressed.
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Strong branded business performance and efficiency gains drove revenue and EBITDA growth, offsetting bulk segment challenges. FY25 guidance targets AUD 190–200 million normalized EBITDA, with bulk business returning to profitability as farmgate milk prices realign.