Lakeland Dairies reports €1.93bn turnover in 2025
Lakeland Dairies reported a turnover of €1.93bn in 2025 despite market volatility.
Lakeland Dairies' sales rose to €1.93bn in 2025, despite experiencing market volatility.
It amounts to a 10% increase in revenue on the 2024 figure of €1.75bn, reflecting the higher milk volumes, more balanced product mix and continued growth in value-added market segments.
Net profit for the co-op before tax increased by 19% to €25.2m, up from €21.3m in 2024.
Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) were also reported to be strong at €71.8m, compared to €73.3m in 2024. When exceptional costs are excluded from both years, the EBITDA is up 11% year-on-year.
Lakeland Dairies reported €290.9m in shareholder funds, which will provide the capacity to continue to invest in operational capability and higher-value market opportunities.
The co-operative processed a record 2.14 billion litres of high-quality milk supplied by more than 3,000 farm families across 17 counties on the island of Ireland, contributing €1.05bn in milk payments throughout its operating region. Revenue for agribusiness (Lakeland Agri) amounted to €119m in 2025, up from €113m in 2024.
Lakeland Dairies generated €544m in 2025 in "foodservice or consumer foods revenues", an increase on the €531m achieved the previous year. Total food ingredients revenue reached €1.26bn last year, over the €1.1bn generated in 2024.
The co-operative also saw continued progress in its long-term strategy, ‘Foundations for a Better Future’, which is focused on innovation, further added-value, strengthening operational efficiency and deepening customer relationships in global markets.
During 2025, Lakeland Dairies completed several capital investments, including a new liquid milk processing facility in Killeshandra, and new, high-capacity milk intake facilities in Bailieboro, Co Cavan. These projects have enhanced operational efficiency and overall processing capacity.
The business also continued to build on the strategic benefits of the De Brandt texturised butterfat operation acquired in 2024, with the aim of strengthening Lakeland Dairies’ presence in premium, technically demanding dairy market segments across Europe.
Lakeland Dairies’ chairperson Niall Matthews said: “2025 was a year of contrasts for dairy farmers and the wider dairy sector. Strong production conditions and firm markets in the first half were followed by a more challenging second half as global milk supply increased, and markets softened.
"Despite this volatility, Lakeland Dairies delivered a strong performance and continued to make meaningful progress in strengthening our co-operative.”
“We also continued to invest in our future with major processing developments and a strong focus on sustainability, customer relationships and supporting the next generation of dairy farmers,” he said.
Lakeland Dairies’ Group chief executive Colin Kelly said: “2025 was another very solid year for Lakeland Dairies, with revenues and profitability increasing while we continued to prioritise competitive market returns and disciplined reinvestment in the business.
"While dairy markets remain cyclical and global conditions shifted during the year, our strategy is designed to strengthen resilience and ensure we deliver sustainable value for our dairy farm families.”
