Friesland­Campina reports US$15.85B revenue in full year 2025

NETHERLANDS – Friesland­Campina has reported revenue of US$15.85 billion (13.4 billion euros), up from US$15.22 billion (12.9 billion euros) in 2024, despite the heavy pressure on commodity dairy prices in the second half of 2025.

The operating profit was US$531 million (507 million euros) and a net result of US$338.76 million (328 million euros), despite challenging market conditions in the second half of the year.

The net cash flow from operating activities was US$634.1 million (615 million euros) in 2025. This decrease is mainly driven by working capital normalising in 2025 compared to the low level at the end of 2024.

In a declining European dairy market, market share was gained through innovation, cooperation with retailers, and a focus on strategic brands. Partly due to cost savings initiated in 2023 aimed at general costs (SG&A) and Supply Chain costs, the result in 2025 held up well.

Jan Derck van Karnebeek, CEO Royal FrieslandCampina, said, “FrieslandCampina has demonstrated its resilience in 2025. It was a year with two faces: a good first half and a more difficult second half.

“Despite challenging market conditions, geopolitical developments and a significant drop in commodity dairy prices in the second half of the year, we delivered strong, overall results in 2025, which translates into a good supplementary cash payment for our member farmers.”

The Asia and Middle East, Pakistan & Africa (MEPA) business groups saw pressure on volumes. The Europe and Retail & Americas business groups were stable; both benefited from volume growth and market share gains, but also faced lower margins due to increased raw material costs.

Professional’s results were under pressure due to low commodity dairy prices and an unfavourable volume mix. Specialised Nutrition and Ingredients achieved growth, mainly due to improved margins.

In 2025, member milk supply increased by 2.4 percent to 9,268 million kilograms, partly due to a strong rise in milk supply in the second half of the year.

Total compensation to member dairy farmers for the milk delivered increased by 11.6 percent to 5,323 million euros, driven by both a higher milk supply and an increase in the guaranteed price, which reached 53.77 euros per 100 kilograms of milk in 2025.

The supplementary cash payment for 2025 amounts to US$124.97 million (121 million euros), representing 1.31 euros per 100 kilograms of milk, compared to 1.21 euros per 100 kilograms in 2024.  

In addition, members received US$52.7 million (51 million euros) in interest on member bonds and a Foqus planet premium for sustainability performance of 1.30 euros per 100 kilograms of milk.

To receive our email newsletters with the latest news and insights from Africa, the Middle East and around the world, SUBSCRIBE HERE