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stocksJun 7, 2026, 8:43 PM

Synlait Milk on Track for Refinancing by June 2026, Reports Net Loss

Synlait Milk says it remains on track to complete its senior facilities refinancing by June 30, 2026, including replacing its NZ$130 million Bright Loan. The company reported a net loss after tax of NZ$12 million for January–April 2026 while maintaining net assets of NZ$720.8 million.

SML

Synlait Milk has reiterated that it is on track to finalize its senior facilities refinancing by June 30, 2026. The plan includes replacing the existing NZ$130 million Bright Loan with a new loan on similar terms, as part of the company's balance sheet strengthening efforts.

For the four-month period from January to April 2026, the dairy company recorded a net loss after tax of NZ$12 million. Despite the loss, total net assets stood at NZ$720.8 million. The refinancing process is expected to improve the company's financial position going forward.

Source: First Squawk