Tuesday, 04 March 2025 12:25

MVM struggles

Written by Milking It

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OPINION: Nearly four years after buying a 75% stake in Southland processor Mataura Valley Milk (MVM), A2 Milk is still struggling to take the plant to profitability.

In its half-year results last month, A2 says the half year was characterised by higher GDT market pricing, plus higher milk volumes processed through the MVM site. As a result, revenue of $57.4 million was $13.9 million higher than prior year, with EBITDA losses improving to $11.9 million (1H24: $15.3 million).

The company continues to work on a range of initiatives to accelerate MVM's path to profitability, which remains a key priority.

A2 Milk bought the 75% interest in MVM from China Animal Husbandry Group (CAHG), which retains a 25% stake in MVM.

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