New Zealand · Delayed Price · Currency is NZD The a2 Milk Company Earnings Call Transcripts
Fiscal Year 2026
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Delivered strong double-digit revenue and EBITDA growth, driven by core products and innovation across all regions. Upgraded FY 2026 guidance to mid double-digit revenue growth and tightened EBITDA margin range, with continued market share gains in China and new product launches supporting future growth.
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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Shareholders were updated on strong FY24 financial results, new board appointments, and the introduction of a dividend policy. Strategic priorities include supply chain transformation, product innovation, and market expansion, with ongoing focus on China and new regions. Key risks discussed included China market exposure and competitive pressures.
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Revenue, EBITDA, and EPS all grew in FY 2024, driven by strong China performance and record market share gains, despite a declining IMF market. FY 2025 guidance anticipates mid-single digit revenue growth, with supply constraints in the first half and margins broadly similar to FY 2024.