Synlait Milk Income Statement

Financials in millions NZD. Fiscal year is August - July.

Millions NZD. Fiscal year is Aug - Jul.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jul '25 Jul 31, 2025	Jul '24 Jul 31, 2024	Jul '23 Jul 31, 2023	Jul '22 Jul 31, 2022	Jul '21 Jul 31, 2021
Revenue	1,827	1,637	1,604	1,397	1,367
Revenue Growth (YoY)	11.64%	2.08%	14.79%	2.17%	5.02%
Cost of Revenue	1,722	1,581	1,460	1,273	1,300
Gross Profit	105.34	56.01	143.99	124.23	67.31
Selling, General & Admin	125.68	134.01	122.51	77.97	88.81
Operating Expenses	125.68	134.01	122.51	77.97	88.81
Operating Income	-20.34	-78	21.48	46.26	-21.5
Interest Expense	-39.72	-47.69	-31.84	-15.85	-20.49
Interest & Investment Income	0.84	0.59	0.31	0.16	0.04
Earnings From Equity Investments	-	-	-	-	-0.03
Other Non Operating Income (Expenses)	14.02	9.83	7.77	7.03	3.87
EBT Excluding Unusual Items	-45.2	-115.27	-2.28	37.59	-38.11
Gain (Loss) on Sale of Investments	-9.16	-7.92	-6.74	-2.26	-1.05
Gain (Loss) on Sale of Assets	-	-	1.77	11.9	-
Asset Writedown	-	-114.56	-	-	-
Pretax Income	-54.36	-237.75	-7.26	47.23	-39.15
Income Tax Expense	-14.54	-55.64	-2.97	6.86	-10.7
Earnings From Continuing Operations	-39.82	-182.11	-4.29	40.37	-28.45
Earnings From Discontinued Operations	-	-	-	-1.85	-
Net Income	-39.82	-182.11	-4.29	38.52	-28.45
Net Income to Common	-39.82	-182.11	-4.29	38.52	-28.45
Shares Outstanding (Basic)	539	219	219	219	207
Shares Outstanding (Diluted)	539	219	219	219	207
Shares Change (YoY)	145.87%	-0.03%	0.08%	6.04%	14.96%
EPS (Basic)	-0.07	-0.83	-0.02	0.18	-0.14
EPS (Diluted)	-0.07	-0.83	-0.02	0.18	-0.14
Free Cash Flow	142.59	-75.73	-9.98	175.72	-97.77
Free Cash Flow Per Share	0.27	-0.35	-0.05	0.80	-0.47
Gross Margin	5.76%	3.42%	8.98%	8.89%	4.92%
Operating Margin	-1.11%	-4.76%	1.34%	3.31%	-1.57%
Profit Margin	-2.18%	-11.13%	-0.27%	2.76%	-2.08%
Free Cash Flow Margin	7.80%	-4.63%	-0.62%	12.58%	-7.15%
EBITDA	24.56	-28.68	67.98	93.83	25.75
EBITDA Margin	1.34%	-1.75%	4.24%	6.72%	1.88%
D&A For EBITDA	44.9	49.32	46.49	47.57	47.25
EBIT	-20.34	-78	21.48	46.26	-21.5
EBIT Margin	-1.11%	-4.76%	1.34%	3.31%	-1.57%
Effective Tax Rate	-	-	-	14.52%	-

Source: S&P Global Market Intelligence. Standard template. Financial Sources.