Tirlán held its annual general meeting (AGM) and presented its annual report and accounts for 2025, including details of milk payments to farm families.

Tirlán Co-op paid out €1.7 billion for milk in 2025 across its catchment area, the AGM today (Wednesday, May 6) heard.

Total 2025 milk payments totalled €300 million in Co. Kilkenny, €262 million in Co. Waterford, and €229 million in Co. Tipperary.  

The AGM heard that the total revenue for the business in 2025 was €2.9 billion, 10% ahead of the previous year, with growth reported across all three categories – ingredients, consumer, and agri-business.

Tirlán chairperson John Murphy said the co-op "delivered a strong financial performance in 2025, with consistent profit delivery and a significantly improved debt position."

"This performance was achieved on the back of excellent supply volumes, alongside disciplined cost and cash management," Murphy said.

"The co-op continued to invest for long-term value creation across its ingredients, consumer and agri-business businesses, while maintaining a strong focus on supporting farm families through market volatility."

Milk and grain prices

He said the co-op board "remains firmly focused on delivering the best possible" milk and grain prices.

This is in addition to taking a "broader view of how the co-op delivers for and supports its members through total member returns, which captures all payments, support schemes and value distributions to Tirlán farmers".

Murphy said that 2025 was an "excellent year" for total member returns, with a spin-out of 15 million Glanbia plc shares worth €252.8 million to co-op members and the launch of a number of targeted support programmes in response to member needs.

Ballyragget

Tirlán is currently investing €126 million at its Ballyragget site to "expand capacity and flexibility" to produce high-value whey protein ingredients, including fast-growing segments such as clear whey for lifestyle and performance nutrition.

"The investment, which is due for completion in 2027, will enhance innovation, leverage Tirlán’s research and development capabilities and support long-term growth," the co-op added.