The a2 Milk Company Ratios and Metrics

Market cap in millions AUD. Fiscal year is July - June.

Millions AUD. Fiscal year is Jul - Jun.

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Feb '26 Feb 27, 2026	Jun '25 Jun 30, 2025	Jun '24 Jun 30, 2024	Jun '23 Jun 30, 2023	Jun '22 Jun 30, 2022	Jun '21 Jun 30, 2021
Market Capitalization	7,006	5,790	4,685	3,555	3,312	4,458
Market Cap Growth	65.78%	23.58%	31.78%	7.35%	-25.71%	-68.08%
Enterprise Value	6,270	4,894	4,012	2,961	2,740	3,753
Last Close Price	9.83	7.92	6.63	4.79	4.30	5.88
PE Ratio	66.53	30.80	30.63	24.82	29.90	59.36
PS Ratio	3.95	3.29	3.07	2.43	2.54	3.97
PB Ratio	5.86	4.37	4.08	3.36	3.07	4.42
P/TBV Ratio	6.94	4.66	4.44	3.72	3.42	4.48
P/FCF Ratio	39.13	31.59	21.50	38.16	18.44	57.17
P/OCF Ratio	37.28	31.01	20.07	34.71	17.99	53.54
EV/Sales Ratio	3.64	2.78	2.63	2.02	2.10	3.35
EV/EBITDA Ratio	25.77	19.69	19.18	14.96	15.88	31.00
EV/EBIT Ratio	27.84	21.29	21.73	15.99	17.10	31.88
EV/FCF Ratio	35.02	26.70	18.41	31.78	15.25	48.13
Debt / Equity Ratio	0.01	0.07	0.05	0.09	0.10	0.02
Debt / EBITDA Ratio	0.07	0.37	0.28	0.46	0.64	0.12
Debt / FCF Ratio	0.09	0.51	0.28	1.00	0.63	0.20
Net Debt / Equity Ratio	-0.63	-0.70	-0.72	-0.61	-0.64	-0.79
Net Debt / EBITDA Ratio	-3.09	-3.72	-3.94	-3.26	-3.99	-6.60
Net Debt / FCF Ratio	-4.23	-5.05	-3.78	-6.92	-3.84	-10.25
Asset Turnover	1.10	1.03	1.00	0.96	0.94	0.85
Inventory Turnover	6.09	6.43	4.86	5.11	6.19	5.36
Quick Ratio	2.29	2.65	2.51	2.32	2.22	3.48
Current Ratio	2.96	3.22	3.09	2.96	2.66	3.99
Return on Equity (ROE)	14.72%	14.29%	12.79%	12.36%	10.07%	7.27%
Return on Assets (ROA)	8.98%	8.43%	7.55%	7.56%	7.18%	5.59%
Return on Invested Capital (ROIC)	35.41%	41.96%	32.55%	29.73%	34.20%	32.76%
Return on Capital Employed (ROCE)	19.00%	16.60%	15.30%	16.30%	13.90%	11.50%
Earnings Yield	1.50%	3.25%	3.26%	4.03%	3.35%	1.69%
FCF Yield	2.56%	3.17%	4.65%	2.62%	5.42%	1.75%
Dividend Yield	1.85%	2.34%	-	-	-	-
Payout Ratio	118.75%	30.33%	-	-	-	-
Buyback Yield / Dilution	-0.04%	-0.20%	1.37%	0.96%	-0.14%	-0.33%
Total Shareholder Return	1.80%	2.14%	1.37%	0.96%	-0.14%	-0.33%

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.