How we’re currently tracking
On 28 May 2026, Fonterra announced its 2026 Q3 business update. Read the full Media Release here.
Share and Unit Prices
$4.45
As of 18:55 on 1st June 2026
As of 18:55 on 1st June 2026
$7.20
As of 18:55 on 1st June 2026
As of 18:55 on 1st June 2026
Farmgate Milk Price 2025/26 Forecast
$9.60-$9.80 kgMS
per kgMS, as at 28 May 2026
FY26 Underlying Earnings Guidance Range*
60c-70c
forecast range, as at 28 May 2026
Farmgate Milk Price 2026/27 Forecast
$8.00-$11.00 kgMS
per kgMS, as at 28 May 2026
Profit after Tax
$1,076 million
down from $1,082m, as at 28 May 2026
Earnings per share
65c c
down from 66c, as at 28 May 2026
Underlying Earnings per share*
57c
up from 53c, as at 28 May 2026
*Underlying performance is Fonterra’s continuing operations represented as if the Mainland transaction had already occurred to provide a comparative of Fonterra’s continuing operations and align with the Pro forma historical financial information disclosed in the Notice of Special Meeting 2025 (29 September 2025).
Share and Unit Price Graph
| Equity Instrument | LAST | (+/-) | % | LOW | HIGH | volume |
|---|---|---|---|---|---|---|
| FCG(NZX) | 4.45 |
0.00
|
0.00
|
4.44 | 4.45 | 97,705 |
| FSF(NZX) | 7.20 |
0.00
|
0.00
|
7.09 | 7.22 | 170,731 |
NZ$ as at 01/06/2026 18:55 NZST
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
23 March 2026: FY26 Interim Results announced
28 May 2026: FY26 Q3 business update
1 June 2026: Start of 2026/27 season
31 July 2026: FY26 Financial year-end
September 2026: FY26 Annual Results announcement
Market Announcements
Find the latest NZX announcements and Fonterra news.
- NZX announcements relating to Fonterra Co-operative Group