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Synlait Milk Limited (ASX:SM1)

ALERT: Price-sensitive ASX Announcement for SM1
Current share price for SM1 : $0.300 -0.11 (-26.83%)+
Announcement
Release
23 Mar 2026 7:31AM
Price at Release
$0.410
Full Release
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Summary
Synlait Milk Limited reported its financial results for the half-year ending 31 January 2026. The company experienced a stagnant revenue from continuing operations at NZD 777,581,000, with total revenue demonstrating a slight increase of 4% to NZD 949,029,000. However, the net profit from continuing operations plummeted significantly to a loss of NZD 71,869,000, marking a 466% decrease. The total net profit reflected a broader loss of NZD 80,628,000, translating to a drastic 1777% decline. Synlait has opted not to propose any dividends for this period. The net tangible assets per quoted equity security decreased to NZD 0.98, down from NZD 1.09 in the previous comparable period. The results were accompanied by statements from the Chair and CEO, financial statements, and an investor presentation.
Key Points
  • Revenue from continuing operations remained static at NZD 777,581,000.
  • Total revenue increased by 4% to NZD 949,029,000.
  • Net profit from continuing operations decreased by 466% to a loss of NZD 71,869,000.
  • Total net profit showed a loss of NZD 80,628,000, a decline of 1777%.
  • No dividends are proposed for this period.
  • Net tangible assets per quoted equity security decreased to NZD 0.98.
  • The results include a Chair & CEO Review, Financial Statements, and Investor Presentation.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.