The Bega Cheese Ltd (ASX: BGA) share price is in focus today after the company posted a strong FY2026, with statutory EBITDA up 22% to $202.3 million and revenue climbing 7% to $3.77 billion.
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What did Bega Cheese report?
- Revenue rose 6.7% to $3,774.6 million
- Statutory EBITDA jumped 22% to $202.3 million
- Statutory profit after tax reached $54.8 million, up from a loss last year
- Normalised EBITDA increased 12% to $225.6 million
- Final fully franked dividend of 7.5 cents per share, bringing total FY2026 dividends to 14.5 cents per share
- Net debt increased to $151.6 million due to capital investment and restructuring
What else do investors need to know?
Bega Cheese's Branded segment saw solid growth from strong sales of yoghurt, milk beverages, and international revenues. Higher demand for protein and health-focused products, plus cost savings from exiting primary peanut processing, helped boost results.
In the Bulk segment, improved integration of ingredients into the branded range and better commodity conditions lifted performance. The group also completed warehouse automation and consolidated cheese packaging operations, aiming for further efficiency.
What's next for Bega Cheese?
Bega has refreshed its strategy, targeting more than $310 million in normalised EBITDA by FY2031. Investment in marketing and automation is expected to drive continued growth in core dairy and better-for-you products.
Management has provided normalised EBITDA guidance in the range of $240–$245 million for FY2027, supported by ongoing demand for protein and strong international sales, particularly in Southeast Asia.
Bega Cheese share price snapshot
Bega Cheese's share price has outperformed the S&P/ASX 200 Index (ASX: XJO) in the past year with a gain of 15%, reflecting resilient demand for its key products.
