The a2 Milk Company Limited Ordinary Shares

ATM.NZX

Consumer Staples

The a2 Milk Company Limited was founded in February 2000 on a simple, yet profound, discovery that different cows produce different milk proteins that behave differently in people's bodies. Milk that is naturally rich in the A2 beta-casein protein (and free from all A1 beta-casein protein) has been found by many to be easier to digest. The a2 Milk Company single-mindedly pioneers scientific understanding, operational know-how and commercialisation of premium a2 Milk brand products around the world. Today, we have a range of products available in Australia, New Zealand, UK, USA and China. The a2 Milk Company Limited listed on the NZAX market in April 2004 and completed capital raising and transferred the listing to the NZX Main board in 2012. The company was dual listed on the ASX in March 2015. For more information visit: www.aboutthea2milkcompany.com

Market Data

Price

$8.400

-0.0%
Market Cap

$6.1B

P/E Ratio

49.9x

EPS

$0.169

Div. Yield

8.06%

52-Week Change

-0.0%

Recent Announcements

20 Jul 2026 Date Announcement Neutral

FY26 Results Announcement Date and Webcast Notification

a2 Milk Company (ATM/A2M) will release its FY26 financial results on Monday 17 August 2026, with a webcast briefing hosted by Managing Director David Bortolussi and the Executive Leadership Team at 11:00am NZST / 9:00am AEST.

16 Jul 2026 Neutral

Updated ASX Appendix 3A.1

The A2 Milk Company Limited updated its special dividend notification to reflect the applicable AUD exchange rate; the fully franked special dividend of NZD 0.41355 per ordinary share (AUD 0.34540 equivalent) will be paid on 24 July 2026 to shareholders recorded on 9 July 2026.

7 Jul 2026 Date Announcement Neutral

Supply chain and FY26 results update

The a2 Milk Company Limited reported that supply chain disruptions significantly impacted China label infant milk formula sales in FY26 (down ~14%), but preliminary unaudited FY26 results show total revenue of approximately $1.97 billion (up 12% on FY25) with EBITDA margin at the high end of guidance (14.0-14.5%), as product availability issues have now been substantially resolved and other product categories performed strongly.

6 Jul 2026 Sph Neutral

SPH Notice - UBS Group AG and its related bodies corporate

UBS Group AG and its related bodies corporate changed substantial holding from 5.328% to 6.510%.

25 Jun 2026 Neutral

ASX Appendix 3A.1

The A2 Milk Company Limited announced a special dividend of NZD 0.41355 per ordinary share, fully franked, with ex-date 8 July 2026 and payment date 24 July 2026. Shareholders with Australian bank accounts will receive payments in AUD while those with New Zealand accounts will receive NZD.

25 Jun 2026 Sph Neutral

SPH Notice - The Vanguard Group, Inc.

The Vanguard Group, Inc changed substantial holding from 5.002% to 6.332%.

25 Jun 2026 Sph Neutral

SPH Notice - UBS Group AG and its related bodies corporate

UBS Group AG and its related bodies corporate disclosed a change in substantial holding (5.328%).

25 Jun 2026 Neutral

a2MC declares $300 million special dividend

The a2 Milk Company Limited (a2MC) declared a $300 million special dividend of 41.362 cents per ordinary share, fully franked (100% franking) and unimputed, to be paid on 24 July 2026. The dividend follows the company's receipt of regulatory approval from China's SAMR to transition infant milk formula product registrations to a2™ branded products.

22 Jun 2026 Positive

a2MC receives SAMR approval

a2 Milk Company (a2MC) has received approval from China's SAMR to transition two infant milk formula product registrations from the acquired a2 Pokeno facility to a2™ branded products, completing the final regulatory requirement for the acquisition and enabling product launches later in 2026. The company also announced plans for a $300 million fully franked special dividend pending Board declaration.

17 Jun 2026 Sph Neutral

SPH Notice - FirstCape Group Limited

FirstCape Group Limited disclosed a change in substantial holding (5.086%).

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