How we’re currently tracking
On 4 December 2025, Fonterra announced its Q1 business update. Read the full Media Release here.
Share and Unit Prices
$5.95
As of 18:55 on 2nd January 2026
As of 18:55 on 2nd January 2026
$8.20
As of 18:55 on 2nd January 2026
As of 18:55 on 2nd January 2026
Farmgate Milk Price 2025/26 Forecast
$8.50-$9.50 per kgMS
per kgMS, as at 18 December 2025
FY26 Earnings Guidance Range
45c-65c
forecast range, as at 25 September 2025. For continuing operations.
Profit after Tax
$278 million
up from $263 million, as at 4 December 2025
Earnings per share
17c
up from 16c, as at 4 December 2025
Continuing Operations Earnings per share
9c
down from 10c, as at 4 December 2025
Share and Unit Price Graph
| Equity Instrument | LAST | (+/-) | % | LOW | HIGH | volume |
|---|---|---|---|---|---|---|
| FCG(NZX) | 5.95 |
0.00
|
0.00
|
5.94 | 5.95 | 18,349 |
| FSF(NZX) | 8.20 |
0.00
|
0.00
|
8.07 | 8.24 | 61,012 |
NZ$ as at 02/01/2026 18:55 NZDT
Comparative change is to prior day’s close
FSF
FCG
Line chart displaying the historical prices of Fonterra Co-operative Group and Fonterra Shareholders' Fund over a five year period.
How to become a Farmer Shareholder
As a Co-operative, maximising the overall wealth of our shareholders is at the core of our purpose and this includes paying our farmer shareholders the highest sustainable price for their milk.
Our Strategy
We’re playing to our strengths to be the source of the world’s most valued dairy.
Governance and Management
We’re proudly a Co-operative. This means we’re owned by our farmers (our members) who buy into Fonterra and agree to sell us milk.
Financial Calendar
1 August 2025: 2026 Financial Year Starts
25 September 2025: FY25 Annual Results Announcement
4 December 2025: FY26 Q1 Business update
11 December 2025: Fonterra Co-operative Group Annual Meeting
15 December 2025: Fonterra Shareholders' Fund Annual Meeting
March 2026: FY26 Interim Results Announced
May 2026: FY26 Q3 business update
1 June 2026: Start of 2026/27 season
31 July 2026: FY26 Financial year-end
Market Announcements
Find the latest NZX announcements and Fonterra news.
- NZX announcements relating to Fonterra Co-operative Group