Noumi Annual Report 2026

Noumi today released its FY26 results, delivering another year of revenue and underlying earnings growth while continuing to invest for the future.

FY26 was a year of consistent progress against a challenging environment. Group revenue increased 8.8% to $648.4m and adjusted operating EBITDA rose 7.6% to $61.8m, with both segments contributing revenue growth.

In its 10th year, Milklab continued to deliver growth across retail, Oat, and international markets, with Oat net revenue up 20.3% and international net revenue up 11.2%. Dairy & Nutritionals continued its multi-year turnaround, supported by strong commodity pricing from bulk cream.

Key FY26 highlights:
✅ Group adjusted operating EBITDA: $61.8m, up 7.6%
✅ Plant-based Milks revenue: $186.3m, up 2.4%
✅ Dairy & Nutritionals revenue: $462.0m, up 11.6%
✅ Total Milklab net revenue: $152.3m, up 5.5%

A big thank you to our dedicated team, farmers, suppliers, and partners for helping deliver these results and supporting our purpose of Imagining a Healthier Tomorrow.

Read the full report here

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