Synlait Milk Ltd
NZX:SML

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Synlait Milk Ltd
NZX:SML
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Price: 0.41 NZD Market Closed
Market Cap: 247.3m NZD
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Income Statement

Earnings Waterfall
Synlait Milk Ltd

Revenue
1.6B NZD
Cost of Revenue
-1.6B NZD
Gross Profit
56m NZD
Operating Expenses
-124.2m NZD
Operating Income
-68.2m NZD
Other Expenses
-113.9m NZD
Net Income
-182.1m NZD

Income Statement
Synlait Milk Ltd

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Income Statement
Currency: NZD
Jul-2013 Jan-2014 Jul-2014 Jan-2015 Jul-2015 Jan-2016 Jul-2016 Jan-2017 Jul-2017 Jan-2018 Jul-2018 Jan-2019 Jul-2019 Jan-2020 Jul-2020 Jan-2021 Jul-2021 Jan-2022 Jul-2022 Jan-2023 Jul-2023 Jan-2024 Jul-2024
Revenue
Revenue
420
N/A
528
+26%
601
+14%
513
-15%
448
-13%
464
+4%
547
+18%
622
+14%
759
+22%
910
+20%
879
-3%
911
+4%
1 024
+12%
1 113
+9%
1 302
+17%
1 407
+8%
1 367
-3%
1 494
+9%
1 397
-6%
1 239
-11%
1 604
+29%
1 624
+1%
1 637
+1%
Gross Profit
Cost of Revenue
(355)
(456)
(523)
(449)
(377)
(378)
(446)
(520)
(647)
(755)
(713)
(743)
(838)
(929)
(1 098)
(1 226)
(1 300)
(1 417)
(1 273)
(1 115)
(1 460)
(1 521)
(1 581)
Gross Profit
65
N/A
72
+11%
77
+7%
64
-17%
71
+12%
86
+21%
100
+17%
102
+2%
112
+9%
154
+38%
166
+8%
167
+0%
186
+11%
183
-2%
204
+11%
181
-11%
67
-63%
77
+14%
124
+62%
124
0%
144
+16%
103
-29%
56
-45%
Operating Income
Operating Expenses
(37)
(40)
(45)
(45)
(44)
(40)
(38)
(43)
(44)
(47)
(54)
(58)
(61)
(67)
(80)
(85)
(84)
(73)
(56)
(75)
(106)
(107)
(124)
Selling, General & Administrative
(38)
(40)
(44)
(44)
(41)
(37)
(36)
(41)
(42)
(44)
(51)
(56)
(59)
(63)
(72)
(76)
(79)
(82)
(71)
(77)
(106)
(106)
(117)
Research & Development
0
(0)
(0)
(0)
(0)
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
Depreciation & Amortization
0
(1)
(1)
(1)
(3)
(3)
(3)
(3)
(3)
(3)
(3)
(3)
(3)
(6)
(9)
(10)
(9)
(8)
(7)
(9)
(16)
(18)
(17)
Other Operating Expenses
2
2
0
0
0
0
1
1
1
1
0
0
1
1
0
1
4
18
22
11
16
17
10
Operating Income
28
N/A
32
+15%
32
0%
18
-44%
27
+46%
47
+74%
62
+34%
60
-4%
68
+14%
108
+58%
113
+5%
109
-4%
125
+15%
116
-7%
124
+7%
96
-22%
(17)
N/A
4
N/A
68
+1 547%
49
-28%
38
-23%
(4)
N/A
(68)
-1 503%
Pre-Tax Income
Interest Income Expense
(12)
(9)
(5)
(17)
(12)
(8)
(14)
(11)
(13)
(10)
(9)
(9)
(10)
(15)
(21)
(23)
(22)
(21)
(18)
(22)
(38)
(48)
(55)
Non-Reccuring Items
0
0
0
0
0
0
0
0
0
0
0
0
0
(2)
(2)
(1)
(1)
0
(3)
(9)
(7)
(51)
(115)
Total Other Income
0
0
0
0
0
(0)
0
(1)
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
Pre-Tax Income
16
N/A
23
+46%
27
+15%
1
-95%
15
+922%
39
+154%
48
+26%
49
+1%
55
+13%
98
+77%
104
+6%
100
-4%
115
+16%
100
-13%
101
+1%
72
-28%
(39)
N/A
(17)
+58%
47
N/A
18
-63%
(7)
N/A
(104)
-1 327%
(238)
-130%
Net Income
Tax Provision
(5)
(7)
(7)
(0)
(5)
(11)
(14)
(14)
(16)
(28)
(29)
(28)
(33)
(28)
(26)
(18)
11
10
(7)
(4)
3
28
61
Income from Continuing Operations
12
17
20
1
11
27
34
35
40
70
75
71
82
71
74
54
(28)
(7)
40
14
(4)
(76)
(176)
Net Income (Common)
12
N/A
17
+46%
20
+16%
1
-95%
11
+886%
27
+158%
34
+26%
35
+1%
40
+14%
70
+78%
75
+6%
71
-4%
82
+15%
71
-14%
74
+4%
54
-27%
(28)
N/A
(7)
+76%
39
N/A
15
-60%
(4)
N/A
(105)
-2 354%
(182)
-73%
EPS (Diluted)
0.15
N/A
0.11
-27%
0.13
+18%
0.01
-92%
0.07
+600%
0.18
+157%
0.23
+28%
0.22
-4%
0.23
+5%
0.39
+70%
0.42
+8%
0.4
-5%
0.46
+15%
0.4
-13%
0.41
+2%
0.27
-34%
-0.13
N/A
-0.02
+85%
0.18
N/A
0.06
-67%
-0.02
N/A
-0.48
-2 300%
-0.83
-73%

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