A2 Milk logo

A2 Milk(ASX) A2M

Market CapA$4.70BMarket 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)+1,150%
5 Year+17%
1 Year-22%
1 Month-3%
A$6.42
-0.62%
-0.04Today
A2 Milk last closing stock price
MetricPriceDate
Last closeAUD 6.422026-10-07
A2 Milk stock price return by period
PeriodPrice returnPrice at period startPeriod start date
1 week-3.6%AUD 6.662026-09-30
1 month-3.1%AUD 6.632026-09-07
3 month-7.65%AUD 6.952026-07-09
Year to date-25.3%AUD 8.592025-12-31
1 year-22.09%AUD 8.242025-10-07
3 year+69.67%AUD 3.782023-10-06
5 year+16.68%AUD 5.502021-10-08
Since inception+1,149.96%AUD 0.522015-03-31

A2 Milk Financials at a Glance

Market Cap

A$4.70BMarket 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$3.87B

Net Income (TTM)

NZ$419.53M

EPS (TTM)

A$0.26

P/E Ratio

25.03

Dividend

A$0.17

Beta (Volatility)

0.06 (Low)

Price

A$6.42

Volume

1,361,977

Open

A$6.46

Previous Close

A$6.42

Daily Range

A$6.42 - A$6.52

52-Week Range

A$4.65 - A$9.50

Estimated Earnings Date

Feb 22, 2027

A2M News

No articles available.

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About A2 Milk

The a2 Milk Company Limited, headquartered in Auckland, New Zealand, specializes in marketing and distributing milk products containing the A2 protein type. The company operates under the "a2 Milk" and "a2 Platinum" brands, 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
  • Expansion into Asian markets is a key growth strategy
  • Increased consumer demand for A2 protein products supports revenue growth
  • Recent product innovations enhance market competitiveness
Financial Highlights
  • Recent quarterly revenue of NZD 978.9 million reflects strong market performance
  • Trailing twelve months (TTM) net income of NZD 95.3 million indicates profitability
  • Dividend yield of 7.79% demonstrates commitment to returning value to shareholders
The a2 Milk Company Limited has established itself as a leader in the niche market of A2 protein products, appealing to health-conscious consumers. The company's strategic focus on expanding its presence in Asia and enhancing its product offerings positions it well for future growth. Recent financial performance highlights, including strong quarterly revenue and a solid net income, underscore the company's operational efficiency and market demand. The attractive dividend yield further emphasizes the company's commitment to delivering shareholder value.
AI Generated • Sep 25, 2026

Industry

Food Products

Employees

694

CEO

David Landt Bortolussi

Headquarters

Auckland, AU 1010, NZ

A2M Financials

Key Financial Metrics (TTM)

Gross Margin

47.68%

Operating Margin

14.48%

Net Income Margin

10.99%

Return on Equity

17.63%

Return on Capital

26.02%

Return on Assets

11.06%

Earnings Yield

4.00%

Dividend Yield

2.60%

Payout Ratio

76.99%

Stock Overview

Market Cap

A$4.70BMarket 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

728.06M

Volume

1.36M

Avg. Volume

2.12M

Financials (TTM)

Gross Profit

NZ$1.82B

Operating Income

NZ$540.49M

EBITDA

NZ$623.85M

Operating Cash Flow

NZ$334.61M

Capital Expenditure

-NZ$77.09M

Free Cash Flow

NZ$257.52M

Cash & ST Invst.

NZ$783.86M

Total Debt

NZ$24.29M

A2 Milk Performance Analysis

A2 Milk annual revenue and year-over-year revenue growth by fiscal year
Fiscal yearPeriod endRevenueYoY growth
20232023-06-30NZD 1,455,814,2247.6%
20242024-06-30NZD 1,547,855,1436.3%
20252025-06-30NZD 1,601,132,2253.4%
20262026-06-30NZD 1,702,805,8796.4%
A2 Milk sequential (quarter-over-quarter) revenue growth by fiscal quarter
Fiscal quarterPeriod endQoQ growth
Q22024-12-31100.0%
Q42025-06-30N/A
Q22025-12-31N/A
Q42026-06-30N/A
A2 Milk annual diluted earnings per share and year-over-year EPS growth by fiscal year
Fiscal yearPeriod endDiluted EPSYoY growth
20232023-06-30NZD 0.1925.1%
20242024-06-30NZD 0.2110.3%
20252025-06-30NZD 0.2519.2%
20262026-06-30NZD 0.260.9%
A2 Milk sequential (quarter-over-quarter) diluted earnings per share growth by fiscal quarter
Fiscal quarterPeriod endQoQ growth
Q22024-12-31106.0%
Q42025-06-30N/A
Q22025-12-31N/A
Q42026-06-30N/A

Revenue Growth Rate

Annual and quarterly growth comparison

Earnings Per Share Growth Rate

Annual and quarterly EPS growth comparison

Quarterly Performance

Name
Q4 2026YOY CHG

Revenue

NZ$978.91M

+119.3%

Gross Profit

NZ$454.42M

+127.2%

Gross Margin

46.42%

N/A

Market Cap

A$4.70BMarket 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$9.20M

N/A

Employees

511

N/A

Net Income

NZ$102.65M

+123.8%

EBITDA

NZ$141.14M

+137.4%

Quarterly Fundamentals

Name
Q4 2026YOY CHG

Total Cash

NZ$783.86M

-24.8%

Total Debt

NZ$24.29M

-74.3%

Accounts Receivable

NZ$172.09M

+83.7%

Inventory

NZ$290.34M

+50.8%

Long Term Debt

NZ$18.46M

-69.5%

Short Term Debt

NZ$5.83M

-82.9%

Return on Assets

11.06%

N/A

Return on Invested Capital

25.48%

N/A

Free Cash Flow

-NZ$26.41M

-169.2%

Operating Cash Flow

NZ$37.93M

-3.7%

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Questions About A2M

What is the current price of A2 Milk?

A2 Milk is trading at A$6.42 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$19.96M.

How much cash does A2 Milk have on hand?

A2 Milk reported NZ$562.01M 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 2.60%.

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