The a2 Milk Company Ratios and Metrics

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

Millions NZD. Fiscal year is Jul - Jun.

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Apr '26 Apr 28, 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	6,442	6,248	5,133	3,863	3,666	4,788
Market Cap Growth	4.55%	21.73%	32.89%	5.36%	-23.42%	-67.95%
Enterprise Value	5,564	5,282	4,395	3,216	3,033	4,030
Last Close Price	8.88	8.45	6.89	5.19	4.78	6.25
PE Ratio	31.19	30.80	30.63	24.82	29.90	59.36
Forward PE	28.56	28.52	27.12	21.73	23.47	28.26
PS Ratio	3.13	3.29	3.07	2.43	2.54	3.97
PB Ratio	4.65	4.37	4.08	3.36	3.07	4.42
P/TBV Ratio	5.51	4.66	4.44	3.72	3.42	4.48
P/FCF Ratio	31.04	31.59	21.50	38.16	18.44	57.17
P/OCF Ratio	29.57	31.01	20.07	34.71	17.99	53.54
PEG Ratio	1.89	1.67	2.31	1.03	0.77	-
EV/Sales Ratio	2.71	2.78	2.63	2.02	2.10	3.35
EV/EBITDA Ratio	19.17	19.69	19.18	14.96	15.88	31.00
EV/EBIT Ratio	20.71	21.29	21.73	15.99	17.10	31.88
EV/FCF Ratio	26.81	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	1.90%	3.25%	3.26%	4.03%	3.35%	1.69%
FCF Yield	3.22%	3.17%	4.65%	2.62%	5.42%	1.75%
Dividend Yield	2.52%	2.37%	-	-	-	-
Payout Ratio	118.75%	30.33%	-	-	-	-
Buyback Yield / Dilution	-0.04%	-0.20%	1.37%	0.96%	-0.14%	-0.33%
Total Shareholder Return	2.48%	2.17%	1.37%	0.96%	-0.14%	-0.33%

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