Back to today’s briefing

Story perspectives

Synlait Reports $80.6M Loss, Sells Operations to Cut Debt

4/7/2026

28 6 Full Breakdown

Summary

Story summary

Synlait reported a first-half net loss of $80.6 million for the period ending January 2026.
Synlait completed the sale of its North Island operations for $307 million, receiving $283.1 million in proceeds to reduce debt.
Richard Wyeth, Synlait's chief executive, described the sale as a crucial turning point aimed at restoring high-quality infant formula production.
The company plans to focus on its Canterbury roots to drive recovery.

1 of 1

Story summary

Synlait reported a first-half net loss of $80.6 million for the period ending January 2026.
Synlait completed the sale of its North Island operations for $307 million, receiving $283.1 million in proceeds to reduce debt.
Richard Wyeth, Synlait's chief executive, described the sale as a crucial turning point aimed at restoring high-quality infant formula production.
The company plans to focus on its Canterbury roots to drive recovery.