In his address to investors at the Capital Markets Day in London on the afternoon of 19 November, Glanbia CEO Hugh McGuire said that the company has recently approved an investment with its joint-venture partners in dairy in the US to bring an extra 10 million pounds (4,500 tonnes) of Whey Protein Isolate (WPI) online by 2027.

The investment will at the joint-venture Southwest Cheese plant in New Mexico.

Speaking to the Irish Farmers Journal at the announcement of Tirlán’s separate €126m investment in whey capacity at its Ballyragget site in Co Kilkenny on Friday 14 November McGuire said: “Tirlán are a key supplier for us and we are happy that they are increasing their capacity and we will be a happy buyer of that product.”

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In his address to investors McGuire also announced that Glanbia had this week signed a binding agreement to acquire Scicore in India, a manufacturer of nutrition solutions. The acquisition is expected to close in the coming months.

Glanbia also announced on 19 November its financial targets for the next three years which include earnings per share growth of between 7% and 11% on a constant currency basis for 2026, 2027 and 2028.

The company said that it will maintain its progressive dividend policy with a target payout ratio range of 30% to 40%. It said that it will target 5% to 7% annual organic revenue growth in its key Performance Nutrition business segment.

Overall organic revenue growth of 4% to 6% is targeted over the forecast period.

Looking back over the three years to the end of 2025, Glanbia’s Chief Financial Officer Mark Garvey said that the company had spent $600m (€520m) on capital expenditure and acquisitions and returned $770m (€666m) to investors through dividends and share buybacks.

Garvey also upgraded the annual savings target from the group-wide transformation programme to $60m (€52m) per year by 2027.

Shares in the company were little changed on the day at €14.56.