2022 Annual Results
2022 Annual Results
Farmgate Milk Price
$9.30 per kgMS
Reported profit after tax¹
Fonterra™
Dairy for life
$583
million
•
$16m
Normalised profit after tax'
$591 million
$3m
35c earnings per share²
Dividend
20c per share
Return on capital
6.8% +
Note: Figures are Total Group, which includes continuing and discontinued operations
1. Includes amounts attributable to non-controlling interests
2. Attributable to equity holders of the Co-operative, excludes $23 million of normalised profit after tax
attributable to non-controlling interests
.
Fonterra has delivered a higher Farmgate Milk Price and
strong earnings, total pay-out of $9.50 per kgMS
Diversified and resilient earnings - top end of guidance
• Good progress on key drivers of our strategy, focusing on New
Zealand milk, sustainability, and dairy innovation and science
• Increased working capital has driven higher debt levels but will
improve as working capital returns to normal levels in FY23
•
Continued strong dairy industry fundamentals
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