ATM · NZX

The a2 Milk Company

Consumer StaplesCovered: HY261 published briefing

Snapshot

Latest metrics

HY26, released 16 February 2026

MetricValue
Revenue$1022.8m
EBITDA$155.0m
NPAT$10.9m
Operating cash flow$95.2m
OCF / EBITDA %61.4%
Net debt-$896.9m
Net debt / EBITDA-5.79x
ROE %0.8%
DPS11.5c
Payout ratio vs NPAT %761.6%

Longitudinal view

Performance over time

Current-period values from each published briefing, with the most recent reporting period shown first.

MetricHY2616 February 2026
Revenue$1022.8m
Revenue growth %14.4%
EBITDA$155.0m
EBITDA margin %15.2%
PBT$162.5m
PBT growth %27.7%
NPAT$10.9m
NPAT growth %-88.1%
Operating cash flow$95.2m
OCF / EBITDA %61.4%
FCF pre-lease$86.1m
DPS11.5c
Payout ratio vs NPAT %761.6%
ROE %0.8%
Net debt-$896.9m
Net debt / EBITDA-5.79x
Total assets$1845.2m

Timeline

Briefing timeline

Reverse chronological, with each entry linking back to the full briefing.

Accountability

Expectations tracker

Once a second briefing exists for this company, this section will compare the previous briefing's expectations and unresolved issues with what actually happened in the next result.

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