With an expected EBITDA of $50 to $68 million and a net loss after tax of -$27 to -$40 million – compared to -$4.1 million and -$182.1 million respectively in FY24 – Synlait Milk says its year-on-year performance and overall result is a “marked improvement”.
But newly appointed Synlait CEO, Richard Wyeth said there had been manufacturing challenges at its Dunsandel facility causing one-off costs for the year. Routine winter maintenance has resolved the issues.
“The company’s recovery has been tracking in line with expectations and while turnaround will take time, I am confident of success.
“Synlait has strong foundations - its assets are well-located with the capacity and capability to manufacture complex products that are in high demand around the world,” Wyeth said.
The company’s FY25 results announcement is on 29 September.
