Synlait Secures Milk Supply for Fiscal 2026, 2027; Shares Up 7%

MT Newswires Live

2025/04/03

Synlait Milk (ASX:SM1, NZE:SML) secured a stable future milk supply as the majority of cease notices from farmers have been withdrawn, following a positive response to its recent half-year results, according to a Thursday filing with the New Zealand and Australian bourses.

The company now expects sufficient milk volumes for fiscal 2026 and 2027, with strong interest from new farmers, the filing said.

Farmers withdrawing their cease notices by May 31 are eligible for a one-off premium of NZ$0.20 per kilogram of milk solids.

Shares of the firm rose almost 7% in New Zealand in recent Thursday trade.

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