Lactalis reports US$11.8B revenue in 2025

FRANCE – Lactalis has reported US$11.75 billion (€10 billion) in revenue, recording a significant milestone in the Americas (North, Central and South), for the first time.

According to the company, the integration of General Mills’ yogurt activities in the United States—representing US$1.2 billion in revenue, nearly 1,000 employees and two production sites—marked a strategic turning point.

Brought together under the new Midwest Yogurt division, iconic brands such as Yoplait, GoGurt, Oui, and :ratio joined Siggi’s and Stonyfield, enabling the Group to become the third-largest player in the USA fresh dairy market, one of the most competitive segments in the industry.

In Brazil, Lactalis strengthened its position as the country’s leading dairy company, driven by the commercial success of Itambé Zero and Parmalat Fit, as well as the successful establishment of the brand Galbani.

In Canada, the Group also reinforced its leadership position in consumer goods, once again illustrating the strength of its multi-local model. In 2025, Group revenue amounted to US$36.66 billion (€31.2 billion), up 2.9% compared with 2024, while net income also increased to US$617 million (€528 million), representing 1.7% of revenue.

As a result, profitability continues to progress toward the Group’s target of returning to a 2% margin, ensuring continued capacity to invest.

With more than 300 innovations launched in 2025, Lactalis’ brands continued to energise the dairy market and enrich the Group’s product categories.

Highlights included Lactel with Vita’Vie milk, Galbani with its mini burrata in Italy, Pauls with the Protein+ range in Australia, and Bridélice and Président, which introduced new pouch formats for cream in France.

This momentum is supported by strong industrial performance and unwavering quality standards, reinforced year after year through sustained local investment.

In 2025, nearly US$1.287 billion (€1.1 billion) was invested in the Group’s industrial facilities to expand production capacity, support new product development and reduce the environmental footprint of sites.

Commenting on 2025, Emmanuel Besnier, Chairman of Lactalis, said: “Our multi – local model continues to demonstrate its relevance. 2025 marks a key milestone in our growth trajectory: we are strongly consolidat ing our position in the Americas while opening new horizons in Oceania and Asia to secure new growth drivers, guided by a simple conviction : because dairy products are healthy, enjoyable and accessible, they remain at the heart of day – to- day nutrition for families around the world.”

2026 outlook

In early April 2026, Lactalis finalized the acquisition of the consumer business of New Zealand cooperative Fonterra. This transformative transaction marks a major step in the Group’s development.

It opens up new growth opportunities in Oceania, South and Southeast Asia, and the Middle East, leveraging the complementarity of two strong and well-established brand portfolios.

The acquisition allows Lactalis to significantly strengthen its presence in the region, increasing its workforce from 11,000 to more than 15,000 employees, while expanding its local industrial footprint from 34 to 50 production sites.

 It will enable the Group to offer consumers a broader choice and greater innovation, while further strengthening Lactalis’ industrial and commercial roots in high potential markets.

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