Bega Group’s normalised profits after tax jumped to $35.9m in the first half of FY25, lifting $22.6m from the year before. Revenue rose to $1.8bn, up 3.1% YOY with record sales reported in Southeast Asia, high single digit growth in domestic food service and increased activities in Singapore, Thailand and Dubai.

Bega’s Bulk segment which includes domestic dairy returned to profitability with revenues of $259.9m, 18% higher than a year ago as farmgate milk prices and dairy commodity values realigned. Normalised EBITDA rose $30m to $24.4m from H1-2024. Bega reported stable milk intake and conversion costs with focus on favourable mix.

The branded segment lifted revenue by 1% to $1.522bn with normalised EBITDA rising to $104.2m, +$7.4m from the year before. Bega reported strong growth in yogurt, spreads, foodservice and international. Further manufacturing rationalisation and cost-saving programs also reduced cost of goods sold.

Bega Group’s outlook for FY25 remains unchanged with normalised EBITDA expected in the range of $190m—$200m. Consumer environments are expected to be challenging for the remainder of FY25.