A view things could still go sour for Synlait

The milk processor's confirmed a 4.8 million dollar net profit, off the back of full-year earnings of 63.1 million dollars.

It's a major u-turn from 2024, which saw Synlait forced to borrow to meet a debt deadline.

JMI Wealth Director Andrew Kelleher says auditors still highlight ongoing material uncertainty, specifically with milk supply.

He says the company's also noted financial progress will be slower in 2025's second half.