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Synlait Milk (SML) investor relations material
Synlait Milk AGM 2025 summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Opening remarks and agenda
Meeting held in Christchurch and online, with clear instructions for voting and Q&A participation provided to attendees.
Chair and CEO addresses opened the meeting, followed by resolutions, voting, and other business.
Four ordinary resolutions on the agenda: two Director elections, Auditor's remuneration, and the sale of North Island assets.
Board and executive committee updates
Board includes independent and Bright Dairy-appointed directors, with Paul Washer retiring and Julia Zhu joining.
Board remains at six Directors, with two Independent Directors; no immediate search for a replacement after Paul Washer's departure.
Audit and Risk Committee now chaired by Julia Zhu, with a commitment to review governance structure in May 2026.
Audit & Risk and People, Environment & Governance committees chaired by Julia Zhu and George Adams, respectively.
Board acknowledges current structure does not fully align with NZX Corporate Governance Code but is considered appropriate for now.
Financial performance review
FY2025 described as a period of intense challenge, including solvency issues, disputes, equity raising, and manufacturing setbacks.
$43.5 million in costs from manufacturing challenges in FY2025, with some costs expected to continue into FY2026.
$130m Bright Dairy shareholder loan and equity raise in 2024 supported survival and debt reduction.
$180m bond redemption completed by end of 2024.
Return to profitability signaled in March 2025, with new milk premiums and secured supply.
Sale of North Island assets to Abbott for NZD 307 million will significantly reduce debt and reset the balance sheet.
Peak debt projected to drop from $550 million to $250 million after asset sale, with only working capital debt remaining.
- TimeTickerHeadlineOpen
- WWD
Q1 FY2026 sales up 29%, EPS up 53%, and guidance raised on strong demand and execution. - HMN
Record core EPS, 57.7% net income growth, and strong outlook signal robust performance. - FTV
2025 results beat guidance, with strong EPS growth and $1.6B in share repurchases. - WNC
Q4 2025 revenue was $321.5M with losses, but Parts & Services grew 33% year-over-year. - AAT
2025 FFO and income declined, but 2026 guidance and liquidity remain strong. - BGL
Tokenized gold coin and fintech platform drive growth, backed by mining and regulatory strength. - WAFD
All proposals passed with strong support; focus remains on innovation, competition, and shareholder value. - AVY
FY25 adjusted EPS up 1% to $9.53, $8.9B sales, and $861M returned to shareholders. - LLY
Q4 2025 revenue rose 43% to $19.3B; 2026 guidance set at $80–$83B revenue. - TKR
Q4 2025 outperformed; 2026 targets higher sales, margins, and EPS amid ongoing transformation.
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