Noumi Revenue Climbs 8.8 Percent to $648.4 Million on Dairy Demand
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Noumi grew full-year revenue 8.8 per cent to $648.4 million for the twelve months ended June 30, led by gains in its dairy and nutritionals division.
Adjusted operating earnings before interest, tax, depreciation and amortisation rose 7.6 per cent to $61.8 million, up from the prior corresponding period.
Earnings improve despite shipping drag
The Sydney-listed maker of MilkLab absorbed an estimated $2 million hit to second-half operating EBITDA caused by trade disruptions linked to conflict in the Middle East. Statutory net loss after tax narrowed 55.2 per cent to $67.2 million as legacy liabilities and exceptional costs receded.
Operational gains came largely from higher processing volumes across dairy and plant-based beverage lines. Factory throughput remained steady across packaging facilities, offsetting higher ingredient costs with targeted wholesale price adjustments in key commercial accounts.
Regional cafe demand supports volume
Plant-based beverage suppliers across Asia-Pacific have faced stiff competition from local co-packers and expanding oat milk capacity. Noumi has leaned on barista-grade distribution across Southeast Asian coffee chains to protect margins that grocery private-label contracts often erode.
Investors are tracking Noumi’s upcoming annual general meeting for detailed export segment breakdowns and full-year capital expenditure plans.
Questions & Answers
Q.What contributed most to Noumi's revenue growth this past year?
What contributed most to Noumi's revenue growth this past year?
Noumi's revenue growth was primarily driven by strong performance in its dairy and nutritionals division. Increased processing volumes across both dairy and plant-based beverage lines also played a significant role in operational gains.
Q.Did global events impact Noumi's financial results?
Did global events impact Noumi's financial results?
Yes, Noumi's second-half operating EBITDA was negatively affected by an estimated $2 million due to trade disruptions. These disruptions were linked to the ongoing conflict in the Middle East, impacting shipping.
Q.How is Noumi managing competition in the plant-based beverage market?
How is Noumi managing competition in the plant-based beverage market?
Noumi is protecting its margins by focusing on barista-grade distribution to coffee chains in Southeast Asia. This strategy helps them avoid the margin erosion often associated with grocery private-label contracts and local co-packers.
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