The a2 Milk Company Income Statement

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
Operating Revenue	1,899	1,673	1,591	1,444	1,205
Revenue	1,899	1,673	1,591	1,444	1,205
Revenue Growth (YoY)	13.50%	5.17%	10.21%	19.81%	-30.37%
Cost of Revenue	1,024	906.69	851.93	780.22	695.32
Gross Profit	875.16	766.63	739.16	663.52	509.71
Selling, General & Admin	629.77	566.52	539.72	488.6	301.48
Other Operating Expenses	-2.71	-2.13	-1.78	-2.49	81.81
Operating Expenses	627.06	564.39	537.94	486.11	383.29
Operating Income	248.09	202.24	201.22	177.41	126.42
Interest Expense	-4.22	-4.4	-4.97	-2.47	-0.7
Interest & Investment Income	45.46	40.4	26.73	6.57	3.99
Other Non Operating Income (Expenses)	-0.08	-0.1	-0.12	-0.12	-0.07
EBT Excluding Unusual Items	289.25	238.14	222.86	181.39	129.64
Merger & Restructuring Charges	-	-	-	-	-10.38
Pretax Income	289.25	238.14	222.86	181.39	119.27
Income Tax Expense	97.16	84.26	78.02	66.65	38.61
Earnings From Continuing Operations	192.09	153.88	144.84	114.74	80.66
Net Income to Company	192.09	153.88	144.84	114.74	80.66
Minority Interest in Earnings	10.8	13.7	10.8	7.88	-
Net Income	202.89	167.58	155.64	122.62	80.66
Net Income to Common	202.89	167.58	155.64	122.62	80.66
Net Income Growth	21.07%	7.67%	26.92%	52.03%	-79.09%
Shares Outstanding (Basic)	724	723	733	744	742
Shares Outstanding (Diluted)	728	727	737	744	743
Shares Change (YoY)	0.20%	-1.37%	-0.96%	0.14%	0.33%
EPS (Basic)	0.28	0.23	0.21	0.16	0.11
EPS (Diluted)	0.28	0.23	0.21	0.16	0.11
EPS Growth	20.86%	9.13%	28.14%	51.84%	-79.16%
Free Cash Flow	197.82	238.72	101.21	198.86	83.74
Free Cash Flow Per Share	0.27	0.33	0.14	0.27	0.11
Dividend Per Share	0.200	-	-	-	-
Gross Margin	46.08%	45.81%	46.46%	45.96%	42.30%
Operating Margin	13.06%	12.09%	12.65%	12.29%	10.49%
Profit Margin	10.68%	10.02%	9.78%	8.49%	6.69%
Free Cash Flow Margin	10.42%	14.27%	6.36%	13.77%	6.95%
EBITDA	268.29	229.14	215.01	190.98	130.01
EBITDA Margin	14.13%	13.69%	13.51%	13.23%	10.79%
D&A For EBITDA	20.2	26.9	13.79	13.57	3.58
EBIT	248.09	202.24	201.22	177.41	126.42
EBIT Margin	13.06%	12.09%	12.65%	12.29%	10.49%
Effective Tax Rate	33.59%	35.38%	35.01%	36.74%	32.37%

Updated Jun 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.