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Synlait Milk Ltd. ( (NZ:SML) ) has shared an announcement.
Synlait Milk Limited has clarified that a significant year-on-year reduction in total profit reported by its major shareholder Bright Dairy & Food Co., Ltd. for the first quarter of FY26 is mainly due to Synlait’s losses in the three months to 31 March 2026. The company said the bulk of these losses occurred in January 2026 and have already been disclosed in its half-year results, while February and March saw comparatively smaller net losses.
Synlait reiterated that it has withdrawn financial guidance for FY26, as previously stated following its September 2025 full-year results. The company emphasised it will continue to update investors in line with continuous disclosure obligations, signalling ongoing financial pressure and underlining the impact of Synlait’s performance on Bright Dairy’s reported profitability.
The most recent analyst rating on (NZ:SML) stock is a Hold with a N$0.72 price target. To see the full list of analyst forecasts on Synlait Milk Ltd. stock, see the NZ:SML Stock Forecast page.
More about Synlait Milk Ltd.
Synlait Milk Limited is a New Zealand-based dairy processor listed on the NZX and ASX, producing value-added milk and nutrition products. The company operates in the dairy and infant formula supply chain, with a focus on supplying large customers and strategic partners such as Chinese dairy group Bright Dairy & Food Co., Ltd.
Average Trading Volume: 124,341
Technical Sentiment Signal: Strong Sell
Current Market Cap: N$274.5M
Find detailed analytics on SML stock on TipRanks’ Stock Analysis page.