Fonterra Shareholders Fund stock gained 1.36 percent on October 2

Published on 10/05/2026 at 10:06 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Fonterra Shareholders Fund stock reported NZD 287.0 million of FY26 revenue for the year ended July 31, 2026. A NZD 0.33 distribution is payable October 15.

FSF, NZFSFE0001S5, Illustration mit AI erstellt.

Fonterra Shareholders Fund (ISIN NZFSFE0001S5) was last at NZD 8.95 on the NZX on October 2, 2026, up 1.36 percent and equal to its 52-week high. The move followed Fonterra's FY26 results, which set a NZD 0.33 per unit final distribution for October 15, 2026.

FY26 returns support the distribution

According to FilingReader, FSF reported total revenue of NZD 287.0 million for the 12 months ended July 31, 2026. The same report put total unit holder return at 38 percent and identified the NZD 0.33 fully imputed final distribution, with payment scheduled for October 15, 2026.

The distribution is linked to Fonterra's wider FY26 performance. Fonterra reported NZD 1.8 billion of underlying operating profit for continuing operations, up 23.6 percent from the prior year, while underlying earnings reached NZD 0.71 per share, an increase of NZD 0.17.

Guidance sets the next valuation test

Fonterra's FY27 underlying earnings guidance is NZD 0.65 to NZD 0.85 per share, according to the September 24, 2026 results release. The forecast range is the key operating reference for FSF because the fund's distribution is tied to the earnings and dividend capacity of the cooperative.

The same release puts return on capital at 14.2 percent for FY26, up from 11.7 percent, and sets the 2026/27 farmgate milk price forecast at NZD 9.50 per kilogram of milk solids, within a NZD 8.50 to NZD 10.50 range. That combination gives the fund a stronger earnings base, but the range also leaves results sensitive to milk pricing and operating conditions.

Analysts see limited upside

Investing.com lists a Buy consensus based on four analysts, with one Buy, three Holds and zero Sells. Its average 12-month target is NZD 7.31, with a high of NZD 7.55 and a low of NZD 6.67; the average target lies 18.3 percent below the NZD 8.95 reference price.

FSF stock meets its yearly high

FSF was last at NZD 8.95 on the NZX on October 2, 2026, after gaining NZD 0.12, or 1.36 percent, against the prior session. The NZD 6.14 to NZD 8.95 52-week range places the unit at the top of its annual range, while market capitalization stood at NZD 956.0 million as of October 5, 2026.