Norco - Facts at a Glance

Total Member Supply

Financial Year	Ave Base Milk Price	Step Ups	Ave Total Milk Pay	Dividend	Suppliers' Patronage	Total Ave Member Returns
Financial Year	CENTS PER LITRE
2024/25	89.71	-	89.71	0.35*	0.45	90.51
2023/24	89.65	-	89.65	0.33	0.50	90.48
2022/23	87.08	-	87.08	0.37	0.56	88.01
2021/22	72.01	-	72.01	0.14	0.54	72.69
2020/21	70.01	-	70.01	0.21	0.61	70.83
2019/20	70.63	-	70.63	0.21	0.76	71.60
2018/19	60.14	-	60.14	0.19	0.76	61.09
2017/18	57.07	-	57.07	0.27	0.64	57.98

*Dividend proposed for consideration at 2025 Annual General Meeting

Northern Region Contract Price

Financial Year	Ave Base Milk Price	Step Ups	Ave Total Milk Pay	Dividend	Suppliers' Patronage	Total Ave Member Returns
Financial Year	CENTS PER LITRE
2024/25	90.39	-	90.39	0.40*	0.50	91.29
2023/24	90.36	-	90.36	0.38	0.56	91.30
2022/23	87.29	-	87.29	0.43	0.61	88.33
2021/22	72.36	-	72.36	0.16	0.60	73.12
2020/21	70.48	-	70.48	0.24	0.67	71.39
2019/20	70.98	-	70.98	0.25	0.82	72.05
2018/19	60.30	-	60.30	0.20	0.75	61.25
2017/18	57.29	-	57.29	0.28	0.64	58.21

*Dividend proposed for consideration at 2025 Annual General Meeting

Southern Region Contract Price

Financial Year	Ave Base Milk Price	Step Ups	Ave Total Milk Pay	Dividend	Suppliers' Patronage	Total Ave Member Returns
Financial Year	CENTS PER LITRE
2024/25	87.39	-	87.39	0.18*	0.30	87.87
2023/24	87.25	-	87.25	0.15	0.31	87.71
2022/23	86.44	-	86.44	0.17	0.41	87.02
2021/22	70.85	-	70.85	0.06	0.35	71.26
2020/21	68.33	-	68.33	0.09	0.42	68.84
2019/20	69.24	-	69.24	0.08	0.55	69.87
2018/19	58.74	-	58.74	0.13	0.89	59.76
2017/18	55.29	-	55.29	0.16	0.60	56.05

*Dividend proposed for consideration at 2025 Annual General Meeting

Facts at a Glance