Bega group reported a 23% lift in normalized EBITDA for FY2025 mostly due to a margin turnaround in commodity products, which pushed past the $200m barrier to $202m, while sales revenue crept 0.5% higher YOY to $3.539bn. Net profit after tax (normalized) rose 74% to $50.8m. The statutory results at the EBITDA line were flat after Bega booked a one-off hit for the closure and relocation of the Strathmerton processed cheese operations to Ridge Street, Bega, as well as rationalization in other non-dairy units.

The bulk commodity business, which is 14% of revenue, returned to profit in FY2025, increasing EBITDA by $57m to $39m after last year’s loss, while the branded business EBITDA result inched ahead just 2.6% to $205m on a slight lift in revenues. The group expects EBITDA to be in the range of $215-$220m in FY2026.