Synlait has reported a net profit after tax of $800,000 for the 12 months ended July 31, 2025, compared to a loss of $39.8 million in the previous year.
The company's ebitda increased to $107.2 million, up from $50.7m.
Synlait also revealed a record milk price of $10.16 per kgms for the 2024/2025 season.
In a separate development, Synlait announced its entry into a binding conditional agreement to sell its North Island assets to Abbott for approximately $307m.
The company said the sale will strengthen its financial position and allow it to refocus on its core operations in Canterbury.
The targeted completion date for the sale is April 1, 2026.
Synlait said it will not provide further financial guidance for the 2026 financial year as it concentrates on executing the North Island sale.
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