Ghana Stock Exchange
Fan Milk Ltd · FML.GH
Fan Milk Ltd is a Ghanaian consumer-products company focused on dairy, frozen dairy, ice cream, yoghurt, juice and related ready-to-consume products. Its portfolio includes frozen dairy brands, drinkable dairy products, ice cream, spoonable yoghurt and juice products sold through retail outlets, vendors and distribution networks. The company has historically built strong consumer recognition through affordable single-serve products and a wide cold-chain distribution model. Its business is tied to Ghanaian consumer spending, urban and peri-urban retail activity, cold-chain reliability, brand strength, route-to-market execution and input costs for milk powder, sugar, packaging and energy. Fan Milk also operates within a regional West African consumer market, which supports scale but requires consistent logistics and product quality. As a listed company, it gives investors exposure to branded fast-moving consumer goods with a dairy and frozen-products focus, where margins depend on volume growth, distribution efficiency, pricing power and cost control.
Fundamentals
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Sign in| Metric (GHS, M) | 2025 2025 | 2024 2024 | 2023 2023 | 2022 2022 | 2021 2021 |
|---|---|---|---|---|---|
| Revenue Total Revenue | 836 | ||||
| EBITDA | — | ||||
| EBIT | 87 | ||||
| Net income Net Income | — | ||||
| Operating margin | 10% | ||||
| Net margin | — |