Bega Cheese Ltd

BGA: XASX (AUS)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Bega Group: Bulk Profitability Returns, but Bega Lacks Pricing Power

Angus Hewitt

Oct 27, 2025

Bega released a minor trading update at its annual meeting, with no change to guidance provided at the release of annual results in August. The company expects fiscal 2026 underlying EBITDA of AUD 215 million to AUD 220 million and is on track to exceed fiscal 2028 EBITDA target of AUD 250 million.

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Bega Cheese Ltd

Bega Group: Bulk Profitability Returns, but Bega Lacks Pricing Power

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