Fonterra raises full-year earnings guidance for 2024-25

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

The dairy co-operative now expects earnings per share to be in the range of 55-75 cents, up from the previous guidance of 40-60 cents.

Fonterra's chief executive, Miles Hurrell, attributed the upgrade to the underlying strength of its core ingredients business and the resilience in its consumer channel.

The company will release its interim results on March 20, 2025, and confirm its interim dividend on the same date.

Fonterra'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.