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Noumi Limited ( (AU:NOU) ) has shared an announcement.
Noumi Limited reported a strong second quarter of FY26, with consolidated revenue rising 13.4% year-on-year to $170.3 million, driven by particularly robust growth in the Dairy and Nutritionals division, where revenue climbed 17.7% to $123.0 million. The plant-based milks segment also grew modestly to $47.2 million, underpinned by Milklab plant-based sales, strong Milklab Oat and Almond performance, and a surge in Milklab domestic retail sales since the brand’s 2024 retail launch, although contract manufacturing revenues declined. Dairy long-life export volumes expanded sharply, with exports nearly doubling and now representing almost half of long-life dairy volumes, while domestic dairy sales fell due to reduced contracted retail volumes, partly offset by growth in Milklab Lactose Free. Nutritional Ingredients saw significant growth outside lactoferrin, and bulk cream revenue rose strongly, reflecting improved pricing and a more balanced milk portfolio. Despite positive revenue momentum and an expected improvement in adjusted operating EBITDA for the half year, the company recorded a Q2 operating cash outflow of $4.5 million and a $9.3 million reduction in its cash balance, largely due to timing of collections on higher export volumes, increased production and marketing spend, and legal costs, leaving it with $12.5 million in unrestricted cash and $10.0 million in undrawn facilities, while it continues to manage lease repayments and obligations related to its sizable 2027 Convertible Notes.
The most recent analyst rating on (AU:NOU) stock is a Buy with a A$0.19 price target. To see the full list of analyst forecasts on Noumi Limited stock, see the AU:NOU Stock Forecast page.
More about Noumi Limited
Noumi Limited is an Australian fast-moving consumer goods company focused on long-life dairy and plant-based milks, as well as nutritional products and ingredients. Its portfolio includes almond, soy, oat, coconut and macadamia milks, long-life dairy milk, bulk cream, consumer nutrition brands such as Vital Strength and Uprotein, and nutritional ingredients like lactoferrin, with a growing emphasis on export markets and its Milklab brand across both plant-based and dairy offerings.
Average Trading Volume: 88,041
Technical Sentiment Signal: Sell
Current Market Cap: A$33.25M
For a thorough assessment of NOU stock, go to TipRanks’ Stock Analysis page.