The a2 Milk Company Balance Sheet

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

Millions NZD. Fiscal year is Jul - Jun.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	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	600.17	518.94	352.23	437.31	875.15
Short-Term Investments	500	450	450	450	-
Cash & Short-Term Investments	1,100	968.94	802.23	887.31	875.15
Cash Growth	13.54%	20.78%	-9.59%	1.39%	2.46%
Accounts Receivable	61.79	50.73	57.69	67.29	47.73
Other Receivables	30.46	27.34	21.53	22.07	33.99
Receivables	92.25	78.07	79.22	89.35	81.72
Inventory	139.11	179.65	193.44	140.04	112.2
Prepaid Expenses	108.52	52.55	45.68	54.54	27.82
Other Current Assets	10.95	8.74	1.54	-	-
Total Current Assets	1,451	1,288	1,122	1,171	1,097
Property, Plant & Equipment	237.07	257.35	262.57	256.58	32.46
Long-Term Investments	76.7	13.25	71.97	135.26	157.8
Goodwill	102.28	102.38	102.35	102.47	8.17
Other Intangible Assets	8.64	8.71	6.07	6.85	6.97
Long-Term Deferred Tax Assets	26.98	34.13	28.62	25.73	53.1
Other Long-Term Assets	39.44	31.1	18.04	17.72	16.61
Total Assets	1,942	1,735	1,612	1,716	1,372
Accounts Payable	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	5.37	5.6	4.18	3.13	3.65
Current Income Taxes Payable	43.99	57.38	43.31	-	-
Current Unearned Revenue	2.73	0.3	7.49	3.17	4.75
Other Current Liabilities	8.18	6.22	3.5	17	-
Total Current Liabilities	450.08	416.77	379.21	440.17	274.69
Long-Term Debt	38.76	37.89	67.04	66.21	-
Long-Term Leases	17.6	22.73	15.31	14.22	12.85
Other Long-Term Liabilities	4.92	0.71	0.66	1.29	0.51
Total Liabilities	511.37	478.1	462.21	521.89	288.05
Common Stock	0.1	0.1	0.1	149.16	149.12
Retained Earnings	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	-177.87	-215.69	-163.88	-120.54	-106.33
Total Common Equity	1,451	1,266	1,146	1,180	1,084
Minority Interest	-20.23	-9.7	3.68	13.58	-
Shareholders' Equity	1,431	1,257	1,150	1,194	1,084
Total Liabilities & Equity	1,942	1,735	1,612	1,716	1,372
Total Debt	100.74	66.22	101.53	124.35	16.5
Net Cash (Debt)	999.44	902.72	700.71	762.96	858.65
Net Cash Growth	10.71%	28.83%	-8.16%	-11.14%	2.55%
Net Cash Per Share	1.37	1.24	0.95	1.03	1.16
Filing Date Shares Outstanding	724.02	722.93	721.98	743.66	743.41
Total Common Shares Outstanding	724.02	722.93	721.98	743.66	743.41
Working Capital	1,001	871.17	742.9	731.07	822.2
Book Value Per Share	2.00	1.75	1.59	1.59	1.46
Tangible Book Value	1,340	1,155	1,037	1,071	1,069
Tangible Book Value Per Share	1.85	1.60	1.44	1.44	1.44
Land	8.76	8.76	8.76	8.76	-
Buildings	52.84	51.43	56.5	56.06	2.07
Machinery	9.99	7.84	208.62	192.59	21.43
Construction In Progress	215.21	215.38	-	-	-
Leasehold Improvements	7.28	7.16	6.04	6.02	5.46

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