Fonterra announces FY22 Annual Results

Fonterra today announced its Annual Results for the financial year ending 31 July 2022.

Total Group Revenue was NZ$23.4 billion, up 11%, with Reported Profit After Tax of NZ$583 million, down 3%.

Normalised Profit After Tax was NZ$591 million, up 1%, and a Total Group dividend of 20 cents per share was paid to farmers, comprising of an interim dividend of 5 cents per share and a final dividend of 15 cents per share.

The 2021/22 Farmgate Milk Price was NZ$9.30 per kgMS, returning NZ$13.7 billion to the New Zealand economy.

Fonterra's FY23 Outlook is a forecast 2022/23 Farmgate Milk Price range of NZ$8.50–$10.00 per kgMS, with a midpoint of NZ$9.25 per kgMS, and forecast 2022/23 normalised earnings guidance range of 45-60 cents per share.