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The a2 Milk Company Limited (ASX:A2M)

ALERT: Price-sensitive ASX Announcement for A2M
Current share price for A2M : $6.110 -2.41 (-28.29%)+
Announcement
Release
16 Feb 2026 7:31AM
Price at Release
$8.520
Full Release
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Summary
The a2 Milk Company Limited reported robust performance for the first half of FY26, with revenue up 18.8% year-over-year to NZ$993.5 million. Growth was propelled by strong performances across all segments, notably in the China & Other Asia segment with a 20.3% revenue increase, and the USA segment up 29.1%. The company's strategy included significant investments such as acquiring a manufacturing facility in Pokeno, enhancing their supply chain capabilities. With a positive outlook for FY26, the company expects continued revenue growth and a stable EBITDA margin. Additionally, the company announced an interim dividend along with a planned special dividend, reflecting a strong financial position.
Key Points
  • The a2 Milk Company announced strong financial and operational results for the first half of the 2026 financial year, ending 31 December 2025.
  • Revenue grew by 18.8% to NZ$993.5 million compared to the prior year.
  • EBITDA increased by 18.4% to NZ$155 million, with underlying EBITDA up 25.9% to NZ$164.8 million.
  • Net profit after tax (NPAT) rose by 9.4% to NZ$112.1 million.
  • China & Other Asia segment saw a revenue increase of 20.3%, driven by growth in English label Infant Milk Formula (IMF) and Other Nutritionals.
  • Australian and New Zealand segment revenue grew by 8.8%, with significant growth in the Australian liquid milk sector.
  • USA segment sales were up 29.1%, driven by growth in core and Grassfed liquid milk products.
  • A significant acquisition was the purchase of a nutritional manufacturing facility in Pokeno, which was integral to the company's supply chain transformation.
  • The company announced an interim dividend of 11.5 cents per share and plans for a $300 million special dividend.
  • FY26 outlook anticipates mid double-digit revenue growth and an EBITDA margin of 15.5% to 16.0%.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.