The a2 Milk Company Balance Sheet

Financials in millions NZD. Fiscal year is July - June.

Millions NZD. Fiscal year is Jul - Jun.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	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
Cash & Equivalents	436.88	600.17	518.94	352.23	437.31	875.15
Short-Term Investments	460	500	450	450	450	-
Cash & Short-Term Investments	896.88	1,100	968.94	802.23	887.31	875.15
Cash Growth	-13.93%	13.54%	20.78%	-9.59%	1.39%	2.46%
Accounts Receivable	92.12	61.79	50.73	57.69	67.29	47.73
Other Receivables	-	30.46	27.34	21.53	22.07	33.99
Receivables	92.12	92.25	78.07	79.22	89.35	81.72
Inventory	173.4	139.11	179.65	193.44	140.04	112.2
Prepaid Expenses	108.88	108.52	52.55	45.68	54.54	27.82
Other Current Assets	8.32	10.95	8.74	1.54	-	-
Total Current Assets	1,280	1,451	1,288	1,122	1,171	1,097
Property, Plant & Equipment	194.3	237.07	257.35	262.57	256.58	32.46
Long-Term Investments	78.79	76.7	13.25	71.97	135.26	157.8
Goodwill	203.27	102.28	102.38	102.35	102.47	8.17
Other Intangible Assets	12.73	8.64	8.71	6.07	6.85	6.97
Long-Term Deferred Tax Assets	33.38	26.98	34.13	28.62	25.73	53.1
Other Long-Term Assets	43.15	39.44	31.1	18.04	17.72	16.61
Total Assets	1,845	1,942	1,735	1,612	1,716	1,372
Accounts Payable	383.71	75.97	83.87	54.72	83.11	40.99
Accrued Expenses	-	274.84	263.41	251.01	292.98	225.31
Short-Term Debt	-	39	-	-	-	-
Current Portion of Long-Term Debt	-	-	-	15	40.79	-
Current Portion of Leases	4.53	5.37	5.6	4.18	3.13	3.65
Current Income Taxes Payable	29.65	43.99	57.38	43.31	-	-
Current Unearned Revenue	-	2.73	0.3	7.49	3.17	4.75
Other Current Liabilities	14.44	8.18	6.22	3.5	17	-
Total Current Liabilities	432.33	450.08	416.77	379.21	440.17	274.69
Long-Term Debt	-	38.76	37.89	67.04	66.21	-
Long-Term Leases	14.62	17.6	22.73	15.31	14.22	12.85
Other Long-Term Liabilities	12.55	4.92	0.71	0.66	1.29	0.51
Total Liabilities	459.5	511.37	478.1	462.21	521.89	288.05
Common Stock	0.1	0.1	0.1	0.1	149.16	149.12
Retained Earnings	1,560	1,632	1,491	1,323	1,168	1,045
Treasury Stock	-	-3.38	-8.71	-13.6	-15.8	-3.77
Comprehensive Income & Other	-174	-177.87	-215.69	-163.88	-120.54	-106.33
Total Common Equity	1,386	1,451	1,266	1,146	1,180	1,084
Minority Interest	-	-20.23	-9.7	3.68	13.58	-
Shareholders' Equity	1,386	1,431	1,257	1,150	1,194	1,084
Total Liabilities & Equity	1,845	1,942	1,735	1,612	1,716	1,372
Total Debt	19.15	100.74	66.22	101.53	124.35	16.5
Net Cash (Debt)	877.73	999.44	902.72	700.71	762.96	858.65
Net Cash Growth	-7.36%	10.71%	28.83%	-8.16%	-11.14%	2.55%
Net Cash Per Share	1.21	1.37	1.24	0.95	1.03	1.16
Filing Date Shares Outstanding	725.43	724.02	722.93	721.98	743.66	743.41
Total Common Shares Outstanding	725.43	724.02	722.93	721.98	743.66	743.41
Working Capital	847.27	1,001	871.17	742.9	731.07	822.2
Book Value Per Share	1.91	2.00	1.75	1.59	1.59	1.46
Tangible Book Value	1,170	1,340	1,155	1,037	1,071	1,069
Tangible Book Value Per Share	1.61	1.85	1.60	1.44	1.44	1.44
Land	32.37	8.76	8.76	8.76	8.76	-
Buildings	67.6	52.84	51.43	56.5	56.06	2.07
Machinery	153.52	9.99	7.84	208.62	192.59	21.43
Construction In Progress	-	215.21	215.38	-	-	-
Leasehold Improvements	7.35	7.28	7.16	6.04	6.02	5.46

Source: S&P Global Market Intelligence. Standard template. Financial Sources.