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Noumi
Noumi (NOU) investor relations material
Noumi H1 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.H1 2026 earnings summary23 Feb, 2026
Executive summary
Adjusted operating EBITDA rose 23.3% year-over-year to AUD 33.9 million, driven by strong Dairy & Nutritionals and Plant-based Milks performance, with significant investments in sales, marketing, and product innovation, especially for the MILKLAB brand.
Net revenue increased by AUD 33.4 million (11.2%) to AUD 332.7 million, with Milklab sales up 11.1% and export long-life dairy up 69.2%.
Statutory net loss after tax narrowed to AUD 24.2 million from AUD 82.1 million in H1 FY25, reflecting improved operational results but continued non-cash charges.
Export net revenue surged 66.5% to AUD 88.1 million, offsetting a slight 0.7% decline in domestic net revenue.
Leadership transition announced with new CFO starting April 1.
Financial highlights
Adjusted operating EBITDA of AUD 33.9 million, up 23.3% year-over-year, with Plant-based Milks and Dairy & Nutritionals both contributing.
Net revenue reached AUD 332.7 million, up from AUD 299.3 million in H1 FY25.
Plant-based Milks segment delivered record sales of AUD 94.3 million, up 1.1%, with adjusted operating EBITDA of AUD 22.9 million.
Dairy & Nutritionals segment adjusted operating EBITDA rose 167.9% to AUD 12.4 million.
Statutory net loss after tax was AUD 24.2 million, improved from AUD 82.1 million loss in H1 FY25.
Outlook and guidance
Maturity of AUD 610.4 million Convertible Notes in May 2027 presents significant capital structure uncertainty, with all refinancing options under review.
Continued focus on growth through targeted investments in marketing, sales, and innovation, especially for MILKLAB.
Directors believe sufficient liquidity exists for at least 12 months, assuming stable margins and market conditions.
Expectation that increased marketing spend will moderate but remain elevated in the near term.
No financial guidance provided due to market competitiveness and global export volatility.
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Next Noumi earnings date
Q3 202624 May, 2026
Noumi
Next Noumi earnings date
Q3 202624 May, 2026
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Frequently asked questions
Noumi Limited focuses on the development, manufacturing and marketing of plant-based beverages and dairy products. The Company's segments include product sales, royalty collections from third-party product sales, and other business. Its products are coffee creamers, dairy free sauces and dips, coffee syrups and dressings, coffee syrups, nutritional food ingredients, tofu products, stevia sweetener and soy protein drinks. The Company sells its products mainly to associated distributors in North America, Asia-Oceania region and Europe; however it also markets directly to end users through a variety of channels including direct sales force, Internet based ecommerce site as well as through third party Internet based eCommerce sites.
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