# Synlait Milk Limited (NZX:SML)

**Exchange:** NZX (XNZE)
**Sector:** Consumer Staples
**ISIN:** NZSMLE0001S9
**Financial year-end:** June

## Overview

Synlait Milk is a dairy processing company manufacturing milk powders, infant formula, nutritional products, and specialty dairy ingredients from its processing facilities in Canterbury and Waikato, supplying dairy ingredients and finished nutritional products to multinational customers including a2 Milk Company, while also marketing consumer dairy products. The company operates advanced dairy processing facilities including spray drying, blending and canning, UHT processing, and specialized ingredient production capabilities, manufacturing products to meet strict quality and regulatory standards for export to China and other international markets. Synlait has faced significant financial challenges including high debt levels, reduced production volumes, profit pressures, and strategic restructuring, while working to stabilize operations, reduce debt, and rebuild customer relationships and operational performance.

## Market

- **Last close:** NZ$0.41 (2026-06-12)
- **Market cap:** NZ$295.6M (2026-06-12)

## Latest annual results (FY2025)

- **Revenue:** NZ$1.83B
- **Net profit:** NZ$-39.8M
- **EPS:** -7.39c
- **Total assets:** NZ$1.56B
- **Total equity:** NZ$788.8M
- **Net margin:** -2.2%
- **Return on equity:** -5.0%
- **Debt-to-equity:** 0.98

All figures sourced from the company's most recent annual report. Monetary values in New Zealand dollars.

## Latest dividend

- **Ex-date:** null
- **Amount:** 0c per share (NZD)

## Governance

- **Governance Risk Score (NZXplorer methodology):** 62.76 — Good (calculated 2026-06-11T16:03:48.628+00:00)
- **Board size:** 14 directors, 21% independent
- **Chair:** [George Adams](https://nzxplorer.co.nz/people/george-adams)
- **CEO:** Richard Wyeth (Chief Executive Officer)

### Board of directors (14)

- [George Adams](https://nzxplorer.co.nz/people/george-adams) — Chair, Independent
- [Abby Ye](https://nzxplorer.co.nz/people/abby-ye)
- [Albert Lu](https://nzxplorer.co.nz/people/albert-lu) — Independent
- [Andy Liu](https://nzxplorer.co.nz/people/andy-liu)
- [Cathy Gamlen](https://nzxplorer.co.nz/people/cathy-gamlen)
- [Glenn Laing](https://nzxplorer.co.nz/people/glenn-laing)
- [Leon Fung](https://nzxplorer.co.nz/people/leon-fung)
- [Mark Toomey](https://nzxplorer.co.nz/people/mark-toomey)
- [Paul McGilvary](https://nzxplorer.co.nz/people/paul-mcgilvary) — Independent
- [Richard Wyeth](https://nzxplorer.co.nz/people/richard-wyeth)
- [Sihang Yang](https://nzxplorer.co.nz/people/sihang-yang)
- [Stephanie Manning](https://nzxplorer.co.nz/people/stephanie-manning)
- [Tao Zhang](https://nzxplorer.co.nz/people/tao-zhang)
- [Zhu (Julia) Yi](https://nzxplorer.co.nz/people/zhu-julia-yi)

## Latest NZX announcement

- **Synlait provides update on refinancing and trading** (2026-06-07, MKTUPDTE)
- Source: https://www.nzx.com/announcements/473991

## Data freshness

- Share price: as of 2026-06-12
- Financials: FY2025 annual results
- Governance Risk Score: calculated 2026-06-11
- Board roster: current appointments as of 2026-06-14
- Latest announcement: 2026-06-07

## More data

- Company page: https://nzxplorer.co.nz/companies/synlait-milk
- Structured facts (JSON): https://nzxplorer.co.nz/api/v1/companies/SML/facts.json
- Full detail API: https://nzxplorer.co.nz/api/v1/companies/SML?include=all
- Company website: https://www.synlait.com
- NZX page: https://www.nzx.com/companies/SML

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Published by [NZXplorer](https://nzxplorer.co.nz). Canonical: https://nzxplorer.co.nz/companies/synlait-milk. Data licence: CC BY 4.0 with attribution to NZXplorer + NZX as primary disclosure source. Generated 2026-06-14T09:38:23.157Z.