On 22 September 2022, Fonterra announced its financial results for the 2021/22 financial year, reporting total Group Revenue of NZ$23.4 billion, up 11%, and a total dividend of 20 cents per share to its fully shared-up farmers.
The Farmgate Milk Price was set at NZ$9.30 per kgMS and total Group normalised EBIT was NZ$991 million, up 4%.
Fonterra also announced 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 a normalised earnings guidance range of 45-60 cents per share.
The Co-op also returned NZ$13.7 billion to the New Zealand economy through the Farmgate Milk Price pay-out to farmers.
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