Fonterra has delivered a strong interim result for the 2025 fiscal year. 

It's reported a half year Profit after Tax of $729 million, with earnings of 44 cents per share. 

It's alongside a Farmgate Milk Price midpoint of $10 per kilograms of milk solids for the season ending 2025. 

CEO Miles Hurrell says it’s pleasing to be able to deliver these results for farmer shareholders and unit holders. 

Dairy Insights Consultant Stu Davison told Mike Hosking the entire industry is fizzing.  

He says it’s a pretty uncommon result to see a strong milk price and a strong dividend in the same season, and they’re going to ride the wave while they’ve got it. 

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