Fonterra raises earnings guidance for 2024-25

Fonterra has raised its earnings guidance for the 2024-25 financial year.

The dairy cooperative now expects full-year earnings of 55-75 cents per share, up from the previous range of 40-60 cents per share.

The increase in guidance is attributed to the strength of Fonterra's core ingredients business and the resilience of its consumer channel.

Fonterra's interim results for the 2024-25 financial year will be released on March 20, 2025, and the interim dividend will be confirmed on the same date.

The company's dividend policy is to pay 60-80% of full-year earnings, with up to 50% of the full-year dividend to be paid at the interim stage.