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Synlait Milk Limited (ASX:SM1)

ALERT: Price-sensitive ASX Announcement for SM1
Current share price for SM1 : $0.315 -0.095 (-23.17%)+
Announcement
Release
23 Mar 2026 7:30AM
Price at Release
$0.410
Full Release
download
Summary
The document titled 'Synlait Milk Limited HY26 Results & Recovery Roadmap Presentation' covers Synlait's financial performance for the half-year ended 31 January 2026. The report highlights a challenging period with a total Group EBITDA of negative $34.7 million and a net profit after tax (NPAT) of negative $80.6 million. The key issues affecting financial performance include manufacturing plan adjustments, lower returns from ingredients, and deferred tax assets. Synlait has outlined a comprehensive recovery roadmap focusing on stabilizing operations, simplifying processes, and scaling growth through strategic actions. The company plans to enhance customer satisfaction, improve financial resilience, and maintain operational stability. The presentation emphasizes the ongoing transformation by adjusting priorities and expanding markets, channels, and customer bases. Synlait also plans to sell its North Island operations to reduce net debt, with the sale expected to complete by 1 April 2026. The strategic focus areas for FY26 include enhancing existing products, developing new offerings, and expanding Synlait’s customer base both domestically and internationally.
Key Points
  • Synlait reported a total Group EBITDA of negative $34.7 million.
  • Net profit after tax was a negative $80.6 million for HY26.
  • Three core issues: manufacturing adjustments, lower ingredients returns, deferred tax assets.
  • Roadmap includes stabilizing operations, simplifying processes, scaling growth.
  • Focus on customer satisfaction, financial resilience, operational stability.
  • Plan to sell North Island operations to reduce net debt.
  • Emphasis on transforming business through strategic market expansion.
  • Development of new products and enhancing existing offerings.
  • Expanding Synlait’s customer base domestically and internationally.
  • North Island sale expected to complete by 1 April 2026.
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.