Media Releases

Brands deliver to plan Bega Cheese Limited (ASX: BGA) released its interim report for the half-year ended 24 December 2023. In 1H FY2024, Bega Cheese Limited (the Group) generated statutory earnings before interest, tax, depreciation and amortisation (EBITDA) of $86.1 million, an increase on the prior comparative period of $14.5 million or 20%. The normalised […]

19 February 2024 – Following its acquisition of the Betta Milk brands from TasFoods Limited on December 1, 2023, Bega Group has concluded its strategic review of its Tasmanian operations and is today announcing that it will be relocating the manufacture of the Betta Milk and Pyengana milk brands to its existing Lenah Valley site […]

Brand Strategy Delivers in a Challenging Year Bega Cheese Limited (ASX: BGA) has announced its full year audited results for the financial year ended 30 June 2023. The strategic decisions over the past five years to transform into a predominantly branded business played a pivotal role in FY2023 as the Bega Group navigated difficult and […]

Bega Cheese Limited (ASX: BGA) released its interim report for the half-year ended 25 December 2022. In a challenging 1H FY2023 profitability in the Dairy and Drinks Branded business was lower than the prior year as the timing of price increases in the Australian market lagged significant farm gate milk price rises and other cost […]

Bega Cheese (ASX: BGA) advises that CEO Paul van Heerwaarden has decided that he will step down as Chief Executive Officer in the coming months. Executive Chairman Barry Irvin commented “Paul has been a wonderful CEO for Bega Cheese and has led the organisation through a period of great change and development always giving his […]

A year of achievement in challenging circumstances Bega Cheese Limited (ASX: BGA) has announced its full year audited results for the financial year ended 30 June 2022. Bega Group revenue exceeded $3 billion with the company recording normalised earnings of $180.1 million and statutory earnings of $149.9 million. The company generated net operating cash flow […]

Summary COVID-19 impacts easing in fourth quarter however, full year direct costs related to COVID-19 expected to be in excess of $40 million Floods in Central Australia, Northern NSW and Queensland in February and March 2022 have significantly disrupted customer deliveries and increased transport and logistics costs Lockdowns in Shanghai are impacting product delivery schedules […]

Bega Cheese Limited (ASX: BGA) announced its interim report for the half-year ended 26 December 2021. The financial performance of the company was at expectation particularly in the context of the increased costs and challenging trading conditions related to COVID-19. The result demonstrates the resilience of the expanded Bega Cheese business and the importance of […]

STRONG PERFORMANCE FOLLOWING TRANSFORMATIONAL ACQUISITION FY2021 Full Year Result Bega Cheese Limited (ASX: BGA) has announced its full year audited results for the financial year ended 30 June 2021, a year in which it completed a transformational acquisition which expanded its branded foods portfolio, increased its exposure to and gained market share in growth categories […]

Bega Cheese Limited ACN 008 358 503 (ASX : BGA) (“Bega Cheese”, “BGA”) is pleased to announce the successful completion of the retail component (“Retail Entitlement Offer”) of its underwritten 1 for 4.5 pro-rata accelerated non-renounceable entitlement offer (“Entitlement Offer”) of new fully paid ordinary shares in Bega Cheese (“New Shares”), raising approximately $115 million. […]

Bega Cheese Limited (“Bega Cheese”, “BGA”) is pleased to announce that it has entered into a binding Share Sale and Purchase Agreement to acquire all of the shares in Lion Dairy & Drinks (“LD&D”, “Company”) for a net acquisition price of $534 million1 (“Acquisition”). Completion of the Acquisition is anticipated to occur at the end […]

Bega Cheese Limited (ASX:BGA) (Group) today announced its interim financial results for the half year ended 29 December 2019. Restatement Disclosure In the course of preparing its Consolidated 2020 Interim Report for the Half-Year ended 29 December 2019, errors were identified that are further detailed in a separate announcement regarding the restatement of the FY2019 […]

COMMITMENT TO OUR INVESTMENT STRATEGY FOR THE FUTURE DELIVERS RECORDS IN MILK INTAKE, PRODUCTION, REVENUE AND UNDERLYING PROFIT Bega Cheese Limited FY2019 Report Bega Cheese Limited (ASX: BGA) announced its full year audited results for the financial year ended 30 June 2019. Result announcement: Record Underlying Financial Performance – Normalised EBITDA $115.4 million, up 5% […]

Bega Cheese continues to grow and build a great Australian dairy and food company. Another year of growth and acquisition combined with sound financial performance sees Bega Cheese creating a significant position as an Australian dairy and food company servicing customers at home and in more than 40 countries around the world. The financial performance […]

Monday 5th March 2018: Today, Vegemite announces a new partnership with creative agency, Thinkerbell – marking the end of one the longest standing agency partnerships within the FMCG world. Headquartered in Melbourne, Thinkerbell, who will take over from the incumbent JWT (J. Walter Thompson), is set to challenge the creative minds behind the Vegemite and […]

A solid 1H FY2018 result has Bega Cheese well positioned to take advantage of growth opportunities in both the dairy and foods businesses. Bega announced statutory EBITDA growth of 46% to $51.7 million and profit after tax growth of 31% to $20.6 million. The normalised performance of the business was also stronger with an EBITDA […]

Australian-owned, Bega Cheese Limited has taken the reins of Australia’s favourite Peanut Butter, keeping it on home soil following the recent acquisition of the former Kraft Peanut Butter factory. Consumers will now see the slightly ‘refreshed’ packaging on the shelves of Australian supermarkets. Despite the label change, Bega assures Australians that the Peanut Butter they […]

Business stability and strategic capability were the highlights of Bega Cheese’s FY2017 results announcement. Corporate activity drove a record statutory profit after tax of $139 million for the company. While Executive Chairman Barry Irvin was pleased to discuss the significant corporate success for the company in FY2017 which included the acquisition of Mondelez’s Australian grocery […]

Bega Stable in Volatile Times Bega Cheese Limited (Bega Cheese) has announced an increase in first half profit after tax of 8.2% to $15.7 million. This result is after a $7.1 million pre-tax inventory impairment for stock in the Bemore partnership. Bega Cheese profit after tax after normalising for the inventory impairment is $20.7 million […]

FY2016 Results Continued Growth for Bega Cheese Bega Cheese’s FY2016 results announcement today has demonstrated the strength of its long term strategy, the experience and capability of the leadership team and the values and resilience of the company. In a year of market oversupply and strong competitor activity Bega Cheese has grown revenue by 7.5% […]

ASX ANNOUNCEMENT & MEDIA RELEASE Executive Chairman Commentary 1H FY2016 Results Bega Cheese has announced a normalised 9.9% increase in profit after tax and an EBITDA of $32.9 million, a strong performance in the context of low global dairy commodity prices, significant increase in global dairy production and continuing sanctions in Russia affecting global supply […]

FY2015 Financial Result Announcement Bega Cheese Limited today announced a normalised earnings before interest, tax, depreciation and amortisation (EBITDA) of $55.7 million and a normalised profit after tax (PAT) of $22.0 million, in line with previous guidance issued to the market on 19 May 2015. The normalised result excludes the impact of the Milk Sustainability […]

Strategy on Track – Short Term Challenges Bega Cheese Limited remains very positive about the outlook for dairy and for the Bega Cheese Limited business in particular, despite short term challenges in 1HFY15. While the first half normalised EBITDA of $31.3 million was lower than the previous year, the success of the strategic initiatives of […]

Bega Cheese welcomes signing of Free Trade Agreement with China It has been an important 3 days for Australian agriculture. There has been the outcome over the weekend of the G20 Summit setting goals for global economic growth, the recognition of the importance of environmental sustainability for Australian agriculture and that global economic growth and […]

“Collecting Stories from the Great War” – Bega Cheese Anzac Centenary Project Last January Bega Cheese announced a partnership with Bega Valley Historical Society and the Bega Valley Shire Library in a project to commemorate the centenary of the Anzac and World War I. The project, “Collecting Stories from the Great War”, collected and published […]

Bega Branded UHT Milk for China As part of the continuing international development of Bega Cheese Limited (Bega), the company today signed a supply and distribution agreement with one of China’s leading retail groups, Chongqing General Trading Group (CGTG) whereby Bega will supply CGTG with Bega branded UHT milk produced in Australia for distribution in […]

Special Recognition for Bega Cheese Staff Brett Dunham, Formulation Controller – Processing & Packaging & Beth Alderuccio, Quality Support Officer were awarded with their Diploma in Food Science and Technology with special recognitions at a ceremony in Melbourne last week. Brett Dunham has been employed with Bega Cheese for 9 years. Brett commenced his career […]

$25 million investment in dairy farmers – Bega Cheese announces Australia’s largest processor of packaged cheese and parent company of Tatura Milk Industries – Bega Cheese has announced its plans to invest $25 million over the next three years into sustainability and milk growth programs for its farmer suppliers. The initiative is designed to encourage […]

$25 million investment in dairy farmers – Bega Cheese announces Australia’s largest processor of packaged cheese and parent company of Tatura Milk Industries – Bega Cheese has announced its plans to invest $25 million over the next three years into sustainability and milk growth programs for its farmer suppliers. The initiative is designed to encourage […]

$25 million investment in dairy farmers – Bega Cheese announces Australia’s largest processor of packaged cheese and parent company of Tatura Milk Industries – Bega Cheese has announced its plans to invest $25 million over the next three years into sustainability and milk growth programs for its farmer suppliers. The initiative is designed to encourage […]

Merger would put Bega Cheese and Warrnambool Cheese and Butter on World Stage Bega Cheese Limited (“Bega Cheese”) has announced a much anticipated takeover offer for Warrnambool Cheese and Butter Factory Company Holdings Limited (“WCB”). Bega Cheese already owns 18% of WCB. Highlights of the Offer are: 1.2 Bega Cheese shares and $2.00 cash for […]

ASX Announcement Bega Cheese Secures Landmark Cheese Deal with Coles Bega Cheese announces that it has reached agreement in principle with Coles to supply the entire range of Coles branded cheese products. This will involve Bega Cheese manufacturing and packaging natural cheddar, processed cheddar and mozzarella cheese products for Coles under a five year contract, […]

A Most Outstanding Apprentice Bega Cheese is thrilled at the recognition received by one of its staff members at a ceremony in Canberra last week.  At the Canberra Institute of Technology Awards held in Canberra on 12th May 2011, Bega Cheese’s 3rd Year Apprentice, Nicholas Brown was presented with the Most Outstanding Apprentice Award (Stage 2) […]

Industry Accolades for Bega Cheese The Dairy Industry Association of Australia’s Awards of Excellence is an annual celebration of the best in Australian Dairy Products.  Held this year at the historic Melbourne Plaza Ballroom both Bega cheese and Bega’s subsidiary Tatura Milk Industries were well represented and awarded a clutch of awards and highly sought after […]

World No Tobacco Day – 31 May 2011 Bega Cheese supports employees to go “Smoke Free”. As part of its overall OH&S programs and initiatives, Bega Cheese is undertaking a smoking cessation program for its employees.  Sharon James, Health and Wellbeing Co‐ordinator at Bega Cheese, says “Such a program benefits the employees and their families health […]