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Fonterra Shareholders AGM 2025 summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.AGM 2025 summary15 Dec, 2025
Opening remarks and agenda
Chair welcomed attendees and outlined the agenda, including management and board addresses, financial review, voting, and Q&A sessions.
Agenda included CEO and Chair addresses, re-election resolution, and general business.
Financial performance review
Operating profit from continuing operations reached $1.44 billion, up from $1.25 billion.
Earnings per share held steady at 71 cents on a normalised basis.
Total cash distribution increased to $0.57 per unit, up from 55c.
Farmgate Milk Price rose to $10.16 from $7.83, and return on capital improved to 10.9%.
Reported operating profit was $1,732m, with a dividend of 57 cents imputed.
Board and executive committee updates
Board composition included MJ Daly (Chair), Alastair Hercus, Carlie Eve, John Nicholls, Andy Macfarlane, Peter McBride, Miles Hurrell, Richard Whiteman, and Jackie Floyd.
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Next Fonterra Shareholders earnings date
H1 202618 Mar, 2026
Next Fonterra Shareholders earnings date
H1 202618 Mar, 2026
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Frequently asked questions
Fonterra Shareholders Fund provides investors with an opportunity to participate in the financial performance of Fonterra Co-operative Group, a leading dairy company based in New Zealand. The fund is structured to allow public investors to gain economic exposure to Fonterra without requiring ownership of cooperative shares, giving access to dividends and capital gains from the cooperative’s dairy production and export activities. Fonterra is known for its range of dairy products, including milk powders, cheese, and nutritional products, with a significant focus on international markets. The fund is managed from Auckland, New Zealand, and its units are listed on both the New Zealand Stock Exchange (NZX) and the Australian Securities Exchange (ASX).
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