'Significant deterioration' in dairy market impacts Dairygold's profits

During the year, the company also invested €37.4m in capital expenditure and reduced net bank debt by €22m to €135.3m

Chief executive of Dairygold, Michael Harte, said 'significant deterioration in global dairy market returns' from August onwards was the 'defining factor of the year'.

Higher costs and a “significant deterioration” in the global dairy market during 2025 has seen operating profit at Dairygold Co-Operative Society Ltd drop nearly 43% last year, the company's latest annual report shows.

The butter and ingredients producer did report an increase in turnover during the year of nearly 10% to €1.54bn — compared to 2024 — but its costs of sales also increased by 13% to €1.27bn. In addition, its operating costs increased from €219.1m in 2024 to €228.2m last year.