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The latest update is out from Synlait Milk Ltd. ( (NZ:SML) ).
Synlait Milk Limited has obtained two waivers from its syndicated banking partners relating to its loan facilities, reflecting ongoing financial pressures. The creditors agreed to waive the company’s quarterly minimum EBITDA event of review threshold for the period ending 30 April 2026, as well as its interest cover ratio requirement for the 30 April test date.
These concessions follow headwinds outside Synlait’s control that continue to weigh on earnings, as previously indicated in its interim results. The waivers provide the company with short-term covenant relief, signalling lender support but also underscoring the operational and financial challenges facing the dairy processor and its stakeholders.
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 that manufactures value-added milk products. The company focuses on supplying dairy ingredients and specialty milk powders to global customers, positioning itself within the international dairy and nutritional products market.
YTD Price Performance: -33.59%
Average Trading Volume: 110,683
Technical Sentiment Signal: Strong Sell
Current Market Cap: N$256.4M
For a thorough assessment of SML stock, go to TipRanks’ Stock Analysis page.