Fonterra has lifted its FY25 guidance to 55c—75C per share, up from 40c—60c per share and confirmed a payout midpoint of NZ$10kgMS for the current season.

CEO Miles Hurrell said the upgrade in guidance is due to the strength of Fonterra’s core ingredient business and the resilience of its consumer channel. Fonterra releases its interim FY2025 result next Thursday.

Meanwhile, Fonterra commenced its roadshow earlier this week, inviting potential investor groups as it looks to divest its global consumer and associated businesses. The meetings were held in New Zealand, Australia and Asia, led by Mainland Group CEO-elect Rene Dedoncker and CFO-elect Paul Victor.

The CEO- and CFO-elect will present Mainland Group components as well as historical financial information to potential investors. According to Fonterra CEO Miles Hurrell, the meetings are an important step to test the merits and value of in IPO.