Fonterra FY26 Results: $9.69 Milk Price, $3.4bn Profit
Fonterra has unveiled its annual results for the 2026 financial year, posting $27 billion in revenue and close to $20 billion returned to New Zealand farmer owners and unit holders.
Waikato farmer, and Owl Farm demonstration manager, Jo Sheridan is the 2025 Fonterra Dairy Woman of the Year.
The award was announced at last night’s gala dinner at the Dairy Women’s Network 2025 Conference “Success through Inspiration” in Hamilton.
The thirteenth Fonterra Dairy Woman of the Year award celebrates women who demonstrate leadership and a commitment to the dairy industry. Sheridan was recognised for her outstanding passion and advocacy for the dairy sector.
DWN trustee and lead judge Jenna Smith says Sheridan brings unstoppable energy, big-picture thinking, and a fierce commitment to making things better — for people, for animals, and for the future of farming.
“She doesn’t just talk about change; she rolls up her sleeves and makes it happen. Jo is tackling complex industry challenges while passionately championing and empowering young people and innovation.
“For those that know her – and a lot of people do - they know that she is a humble and generous leader, showcasing courage, clarity, and heart”, says Smith.
Sheridan, who is based in Pirongia, is a passionate advocate for inspiring young people into the dairy sector. She oversees the 140ha Owl Farm, a commercial venture at St Peter’s School where young people can walk straight onto the farm and see firsthand the joy of farming.
The farm also opens regularly for visitor days, bringing dairy farming to the whole community.
Growing up on a dairy farm in South Taranaki, she developed a deep appreciation for agriculture, later earning a Bachelor of Applied Science (Honours) in Soil Science from Massey University.
With over 24 years of experience, Sheridan has worked in various roles at DairyNZ, served as an independent industry consultant, and before joining Owl Farm.
Beyond farming, Sheridan is active in governance, serving on school boards and industry committees. Her leadership, innovation, and mentorship make her a transformative force in New Zealand’s dairy sector.
Anne Douglas, Fonterra’s Group Director for Farm Source who was part of the judging panel this year, says the calibre and depth of talent across all the nominations and finalists shows the strength of women right across the industry.
“We’re thrilled to see Jo recognised as the winner of the 2025 Fonterra Dairy Woman of the Year award,” says Douglas.
“Jo is a passionate and visionary leader who has proven to have a significant positive impact on stakeholders, partners, communities and farmers. It was clear through the process that she adopts a holistic approach, with a clear focus on sustainability and desire to empower others – especially young people. Jo's authenticity and strategic leadership extends beyond the dairy industry into broader communities, and this recognition feels like just the beginning of even more incredible achievements for her.
“Fonterra is proud to sponsor this award, and we will continue to work closely with the Dairy Women’s Network to help connect and celebrate women in dairy,” adds Douglas.
Sheridan will receive a scholarship to be part of the Kellogg Rural Leadership Programme. The scholarship covers the programme fee, travel and accommodation, mentoring and access to DWN and Fonterra platforms to share research.
Federated Farmers says it welcomes Labour's commitment to reviewing the Sharemilking Agreements Act, calling on other major parties to do the same.
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Fonterra has unveiled its annual results for the 2026 financial year, posting $27 billion in revenue and close to $20 billion returned to New Zealand farmer owners and unit holders.
The first major update to the Dairy Cattle Code of Welfare in more than a decade has been released, marking what DairyNZ describes as an important step in ensuring animal welfare standards continue to evolve alongside scientific evidence and on-farm realities.
Ravensdown shareholders have elected Jane Montgomery and Kate Acland to the Ravensdown Board for three-year terms, following a closely contested director election.
Federated Farmers says new legislation replacing the Resource Management Act will cut red tape, unlock investment and help grow New Zealand's export-led economy, after the Planning Bill and Natural Environment Bill passed their third reading in Parliament yesterday.

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