Synlait H1 2026 slides: $80.6M loss amid manufacturing woes, recovery plan

try{ var _=i o; . if(!_||_&&typeof _==="object"&&_.expiry Iran, U.S. trade barbs as Hormuz tensions grow amid Trump’s 48-hour ultimatum Spike in oil prices seen as ’a clear risk for consumer equities’ Who is wealthier - US or Eurozone? Will the Middle East Conflict Speed Up the Energy Transition? 🧠 Upgrade to AI Insights (South Africa Philippines Nigeria) 🧠 Upgrade to AI Insights Synlait H1 2026 slides: $80.6M loss amid manufacturing woes, recovery plan By Company News Published 03/22/2026, 05:45 PM Synlait H1 2026 slides: $80.6M loss amid manufacturing woes, recovery plan 0 SM1 2.50% Introduction & Market Context Synlait Milk Limited (NZX:SM1) presented its half-year 2026 results and recovery roadmap to investors on March 22, 2026, revealing significant operational and financial challenges during the six months ended January 31, 2026. The New Zealand-based dairy manufacturer reported a net loss of NZD 80.6 million and an EBITDA loss of NZD 34.7 million, despite achieving revenue of NZD 949 million. The company’s stock rose 2.5% to NZD 0.41 following the announcement, though shares remain down 37% over the past year. The presentation outlined a comprehensive "Stabilise, Simplify, Scale" strategy designed to restore operational stability and position the company for future growth, while notably declining to provide full-year FY26 financial guidance. Financial Performance Highlights As shown in the following summary of Synlait’s key financial metrics, the company faced substantial headwinds during the first half of fiscal 2026. The presentation identified three core issues affecting HY26 performance: manufacturing plan adjustments stemming from prior-period inventory shortfalls, lower returns in the Ingredients segment due to weak whole milk powder pricing, and deferred tax asset considerations. Total group revenue reached NZD 949.0 million, representing a modest 3.5% increase year-over-year, but gross profit collapsed to just NZD 3.1 million, down NZD 83.9 million ...