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A2 Milk(ASX) A2M

Market CapA$5.16BMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.
Since IPO (2015)+1,260%
5 Year+27%
1 Year-4%
1 Month+5%
A$7.19
+1.13%
+0.08Today
A2 Milk last closing stock price
MetricPriceDate
Last closeAUD 7.192026-07-28
A2 Milk stock price return by period
PeriodPrice returnPrice at period startPeriod start date
1 week+2.42%AUD 7.022026-07-21
1 month+4.92%AUD 6.852026-06-26
3 month+5.8%AUD 6.802026-04-29
Year to date-17.27%AUD 8.692025-12-31
1 year-3.78%AUD 7.472025-07-28
3 year+54.04%AUD 4.672023-07-28
5 year+26.7%AUD 5.672021-07-29
Since inception+1,260.32%AUD 0.522015-03-31

A2 Milk Financials at a Glance

Market Cap

A$5.16BMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

Revenue (TTM)

NZ$3.34B

Net Income (TTM)

NZ$362.74M

EPS (TTM)

A$0.28

P/E Ratio

25.36

Dividend

A$0.20

Beta (Volatility)

-0.01 (Low)

Price

A$7.19

Volume

0

Open

A$7.00

Previous Close

A$7.19

Daily Range

A$7.00 - A$7.27

52-Week Range

A$4.65 - A$9.50

Estimated Earnings Date

Aug 17, 2026

A2M News

No articles available.

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About A2 Milk

The a2 Milk Company Limited is a New Zealand-based company specializing in the marketing and distribution of milk products containing the A2 protein type. Founded in 2000 and headquartered in Auckland, the company operates under the "a2 Milk" and "a2 Platinum" brand names, serving markets in Australia, New Zealand, China, and the United States.

Products and Services
  • Branded milk products featuring A2 protein
  • Infant formula under the a2 Platinum brand
  • Related dairy products catering to health-conscious consumers
Growth Outlook
  • Revenue growth of 992.7 million NZD in the latest quarter
  • Strong demand in Asian markets, particularly China
  • Expansion plans targeting new international markets
Financial Highlights
  • Net income of 114.6 million NZD in the most recent quarter
  • Trailing twelve months (TTM) revenue of 3.8 billion NZD
  • Dividend yield of 7.51% reflects strong shareholder returns
The a2 Milk Company Limited has established itself as a leader in the niche market of A2 protein milk, appealing to consumers seeking alternatives to traditional dairy products. The company's recent financial performance indicates robust growth, particularly in revenue and net income, showcasing its ability to capitalize on increasing demand. With a strong dividend yield, the company demonstrates a commitment to returning value to shareholders while pursuing expansion opportunities in both existing and new markets. The focus on health and wellness trends positions the company favorably for future growth, making it an intriguing option for potential investors.
AI Generated • Jul 26, 2026

Industry

Food Products

Employees

511

CEO

David L. Bortolussi

Headquarters

Auckland, AU 1010, NZ

A2M Financials

Key Financial Metrics (TTM)

Gross Margin

48.06%

Operating Margin

14.84%

Net Income Margin

11.26%

Return on Equity

15.87%

Return on Capital

14.12%

Return on Assets

12.20%

Earnings Yield

3.94%

Dividend Yield

2.65%

Payout Ratio

64.39%

Stock Overview

Market Cap

A$5.16BMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

Shares Outstanding

725.43M

Volume

0

Avg. Volume

3.58M

Financials (TTM)

Gross Profit

NZ$1.56B

Operating Income

NZ$461.13M

EBITDA

NZ$542.17M

Operating Cash Flow

NZ$336.08M

Capital Expenditure

-NZ$13.97M

Free Cash Flow

NZ$322.11M

Cash & ST Invst.

NZ$897.03M

Total Debt

NZ$33.77M

A2 Milk Performance Analysis

A2 Milk annual revenue and year-over-year revenue growth by fiscal year
Fiscal yearPeriod endRevenueYoY growth
20222022-06-30NZD 1,353,217,783N/A
20232023-06-30NZD 1,455,814,2247.6%
20242024-06-30NZD 1,547,855,1436.3%
20252025-06-30NZD 1,732,433,44711.9%
A2 Milk sequential (quarter-over-quarter) revenue growth by fiscal quarter
Fiscal quarterPeriod endQoQ growth
Q12024-09-30-48.2%
Q22024-12-31100.0%
Q42025-06-30N/A
Q22025-12-31N/A
A2 Milk annual diluted earnings per share and year-over-year EPS growth by fiscal year
Fiscal yearPeriod endDiluted EPSYoY growth
20222022-06-30NZD 0.15N/A
20232023-06-30NZD 0.1925.1%
20242024-06-30NZD 0.2110.3%
20252025-06-30NZD 0.2519.2%
A2 Milk sequential (quarter-over-quarter) diluted earnings per share growth by fiscal quarter
Fiscal quarterPeriod endQoQ growth
Q12024-09-30-42.6%
Q22024-12-31106.0%
Q42025-06-30N/A
Q22025-12-31N/A

Revenue Growth Rate

Annual and quarterly growth comparison

Earnings Per Share Growth Rate

Annual and quarterly EPS growth comparison

Quarterly Performance

Name
Q2 2026YOY CHG

Revenue

NZ$992.72M

+15.1%

Gross Profit

NZ$485.68M

+25.2%

Gross Margin

48.92%

N/A

Market Cap

A$5.16BMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

N/A

Market Cap/Employee

A$10.09M

N/A

Employees

511

N/A

Net Income

NZ$113.99M

+38.5%

EBITDA

NZ$162.83M

+40.5%

Quarterly Fundamentals

Name
Q2 2026YOY CHG

Total Cash

NZ$897.03M

-7.4%

Total Debt

NZ$33.77M

-49.0%

Accounts Receivable

NZ$92.14M

+18.0%

Inventory

NZ$173.43M

-3.5%

Long Term Debt

NZ$29.24M

-51.8%

Short Term Debt

NZ$4.53M

-19.1%

Return on Assets

12.20%

N/A

Return on Invested Capital

20.99%

N/A

Free Cash Flow

NZ$86.11M

-54.6%

Operating Cash Flow

NZ$95.20M

-50.8%

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Questions About A2M

What is the current price of A2 Milk?

A2 Milk is trading at A$7.19 per share.

What is the 52-week range for A2 Milk?

Over the past 52 weeks, A2 Milk has traded between A$4.65 and A$9.50.

How much debt does A2 Milk have?

As of the most recent reporting period, A2 Milk reported total debt of NZ$93.31M.

How much cash does A2 Milk have on hand?

A2 Milk reported NZ$555.94M in cash and cash equivalents in its most recent financial results.

What is A2 Milk’s dividend yield?

A2 Milk currently has a dividend yield of 2.65%.

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