Synlait Milk Income Statement

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

Millions NZD. Fiscal year is Aug - Jul.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jan '26 Jan 31, 2026	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	1,826	1,827	1,637	1,604	1,397	1,367
Revenue Growth (YoY)	12.55%	11.64%	2.08%	14.79%	2.17%	5.02%
Cost of Revenue	1,817	1,722	1,581	1,460	1,273	1,300
Gross Profit	9.39	105.34	56.01	143.99	124.23	67.31
Selling, General & Admin	126.66	125.68	134.01	122.51	77.97	88.81
Operating Expenses	126.66	125.68	134.01	122.51	77.97	88.81
Operating Income	-117.27	-20.34	-78	21.48	46.26	-21.5
Interest Expense	-32.28	-39.72	-47.69	-31.84	-15.85	-20.49
Interest & Investment Income	0.64	0.84	0.59	0.31	0.16	0.04
Earnings From Equity Investments	-	-	-	-	-	-0.03
Other Non Operating Income (Expenses)	8.46	14.02	9.83	7.77	7.03	3.87
EBT Excluding Unusual Items	-140.46	-45.2	-115.27	-2.28	37.59	-38.11
Gain (Loss) on Sale of Investments	-8.12	-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	-148.57	-54.36	-237.75	-7.26	47.23	-39.15
Income Tax Expense	-17.24	-14.54	-55.64	-2.97	6.86	-10.7
Earnings From Continuing Operations	-131.33	-39.82	-182.11	-4.29	40.37	-28.45
Earnings From Discontinued Operations	6.07	-	-	-	-1.85	-
Net Income	-125.26	-39.82	-182.11	-4.29	38.52	-28.45
Net Income to Common	-125.26	-39.82	-182.11	-4.29	38.52	-28.45
Shares Outstanding (Basic)	602	539	219	219	219	207
Shares Outstanding (Diluted)	602	539	219	219	219	207
Shares Change (YoY)	73.45%	145.87%	-0.03%	0.08%	6.04%	14.96%
EPS (Basic)	-0.21	-0.07	-0.83	-0.02	0.18	-0.14
EPS (Diluted)	-0.21	-0.07	-0.83	-0.02	0.18	-0.14
Free Cash Flow	-29.02	142.59	-75.73	-9.98	175.72	-97.77
Free Cash Flow Per Share	-0.05	0.27	-0.35	-0.05	0.80	-0.47
Gross Margin	0.51%	5.76%	3.42%	8.98%	8.89%	4.92%
Operating Margin	-6.42%	-1.11%	-4.76%	1.34%	3.31%	-1.57%
Profit Margin	-6.86%	-2.18%	-11.13%	-0.27%	2.76%	-2.08%
Free Cash Flow Margin	-1.59%	7.80%	-4.63%	-0.62%	12.58%	-7.15%
EBITDA	-77.3	24.56	-28.68	67.98	93.83	25.75
EBITDA Margin	-4.23%	1.34%	-1.75%	4.24%	6.72%	1.88%
D&A For EBITDA	39.97	44.9	49.32	46.49	47.57	47.25
EBIT	-117.27	-20.34	-78	21.48	46.26	-21.5
EBIT Margin	-6.42%	-1.11%	-4.76%	1.34%	3.31%	-1.57%
Effective Tax Rate	-	-	-	-	14.52%	-

Updated Jan 31, 2026. Source: S&P Global Market Intelligence. Standard template. Financial Sources.