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flag Fonterra posted strong 2026 first-half results, raised profit forecasts, sold Mainland Group to Lactalis, and announced CEO departure.

flag Fonterra reported strong first-half results for fiscal 2026, with revenue rising 10% to NZ$13.9 billion and net profit increasing to NZ$750 million. flag The company raised its forecast for the farmgate milk price midpoint to NZ$9.70 per kg of milk solids and upgraded full-year earnings guidance to 50–65 cents per share. flag Improved global demand, effective cost management, and strong performance in high-value products drove the results. flag The co-op completed the sale of its Mainland Group to Lactalis for $4.22 billion, with proceeds expected by end-March. flag CEO Miles Hurrell announced he will step down after the next six months.

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