Investors Our transformation to a brand-led business Since 2008, we have transformed from a dairy co-operative with a strong regional cheese brand into a diversified, branded, food and beverage business. This transition from a commodity-led to a brand-led company is positioning the Bega Group for higher and more consistent earnings. We will continue to strengthen and grow as a branded food products company, which creates value for our customers, consumers, suppliers and investors, and advances us towards our vision to become The Great Australian Food company. Our business model Our business model is built around an integrated value chain that supports our growth as a branded food manufacturer. Our capabilities give a competitive advantage and enhance potential returns to shareholders: 1. A diversified portfolio of market-leading brands in large food categories Our top eight brands generate the majority of our branded revenue. They span a wide mix of products, from everyday essentials to discretionary food items. Many are market leaders that are known and trusted by generations of consumers. We operate in food categories that have high household penetration. They have shown consistent demand across economic cycles and offer good potential for future growth. Our brands span multiple sales channels such as grocery retail, route trade, petrol and convenience, and foodservice. 2. Extensive, efficient logistics and distribution network We have a highly efficient national chilled distribution network that delivers fresh food products daily across Australia. We connect metropolitan and regional Australia via large road/rail vehicles through to small route trucks. The breadth and scale of this distribution reach, and our trusted partnerships with our customers, enable our brands to be at the most favourable points of purchase, serving consumers where they want to buy. 3. Strong, direct links with farmers and suppliers We are one of Australia’s largest milk purchasers, with direct farmer supply contracts in multiple dairying regions of Australia. 4. Comprehensive, robust and flexible supply chain Our manufacturing sites are situated near major food and milk-producing regions and key distribution points in our logistics network. This supports branded value creation through cost-effective manufacturing at scale and national availability of our key branded consumer products. The site footprint and supply chain integration between our Bulk and Branded businesses help us maximise the benefits from the milk we collect for the Bega Group products. By aligning our bulk and branded businesses, we extract more value from the milk collected each year for the Group. This approach helps us manage seasonal milk supply, reduce input costs, and realise the most value from every component of the milk we process. We continue to invest in scaling this network to drive efficiency, optimise capacity utilisation, and support long-term growth. Our strategic priorities We are a purpose-led organisation, and our business structure, vision and culture create an aligned and forward-looking organisation. Our actions link with our sustainability commitments, which are fundamental to building trust with our stakeholders and delivering ongoing growth and value for our shareholders. Over the next five years, we will continue to strengthen our position as a leading branded food manufacturer through six strategic priorities underpinned by the foundation of Organisational Enablement. Discover insights into our financial and operational performance, find details about upcoming events, and access information on dividends. Financial year 2025 – the value we created $50.8m normalised profit after tax $36.6m dividends declared for FY2025 $1.5bn paid for milk and ingredients $91m invested in food manufacturing1 $1.8bn est. retail sales generated2 $258m branded export revenue generated 97% of Australian households were fed with a Bega Group product3 Annual supply chain capital and research and development expenditure Combined Bega categories MAT to 29 June 2025, AUS Grocery + Aus Convenience combined. Circana total business scan database. Circana IHP combined unify panel MAT to 15 June 2025
2. Extensive, efficient logistics and distribution network We have a highly efficient national chilled distribution network that delivers fresh food products daily across Australia. We connect metropolitan and regional Australia via large road/rail vehicles through to small route trucks. The breadth and scale of this distribution reach, and our trusted partnerships with our customers, enable our brands to be at the most favourable points of purchase, serving consumers where they want to buy.
Our strategic priorities We are a purpose-led organisation, and our business structure, vision and culture create an aligned and forward-looking organisation. Our actions link with our sustainability commitments, which are fundamental to building trust with our stakeholders and delivering ongoing growth and value for our shareholders. Over the next five years, we will continue to strengthen our position as a leading branded food manufacturer through six strategic priorities underpinned by the foundation of Organisational Enablement.