Fonterra has reported a strong interim result for the 2025 financial year, with operating profit up 16% to $1.1 billion and profit after tax up 8% to $729 million.
Earnings per share increased by 10% to 44 cents.
The co-operative's return on capital was 10.2%, down from 13.4%.
Fonterra declared an interim dividend of 22 cents per share, which is fully imputed.
The company narrowed its forecast farmgate milk price range to $9.70-$10.30 per kgMS and expects milk collections to be 2.7% higher at 1.51 billion kgMS.
Fonterra's full-year forecast earnings range for 2025 is $0.55-$0.75 per share.
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