New Zealand · Delayed Price · Currency is NZD The a2 Milk Company Earnings Call Transcripts
Fiscal Year 2026
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Revenue and EBITDA grew nearly 19% year-over-year, driven by strong performance in China, ANZ, and the US, with innovation and supply chain transformation supporting growth. FY 2026 guidance was upgraded to mid double-digit revenue growth and a higher EBITDA margin, with a special dividend planned.
Fiscal Year 2025
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Shareholders heard of strong FY 2025 results, with 13.5% revenue growth and major supply chain transformation, including a new manufacturing facility and expanded China market access. Dividend payouts increased, new directors were elected, and strategic initiatives in innovation, sustainability, and emerging markets were highlighted.
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Record FY 2025 results with NZD 1.9B sales, 13.5% revenue growth, and strong China/Asia performance. Major supply chain transformation announced, including Yashili NZ acquisition and MVM divestment, with high single-digit revenue growth and 15%-16% EBITDA margin targeted for FY 2026.
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Delivered 10% revenue growth and upgraded FY2025 guidance, driven by strong China and English Label IMF performance, new product launches, and improved supply chain. Declared first-ever dividend and maintained robust cash position.
Fiscal Year 2024
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The meeting highlighted strong FY24 financial growth, new board appointments, and the introduction of a dividend policy. Strategic focus remains on supply chain transformation, innovation, and expanding in Asia, while addressing market and supply risks.
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Revenue, EBITDA, and EPS all grew in FY 2024, driven by strong China segment performance and record market share gains, despite a challenging IMF market. Supply constraints are expected to impact H1 FY 2025, but are anticipated to resolve, with mid-single digit revenue growth guided.