The a2 Milk Company Limited Ordinary Shares

ATM.NZX

Consumer Staples

The a2 Milk Company Limited was founded in February 2000 on a simple, yet profound, discovery that different cows produce different milk proteins that behave differently in people's bodies. Milk that is naturally rich in the A2 beta-casein protein (and free from all A1 beta-casein protein) has been found by many to be easier to digest. The a2 Milk Company single-mindedly pioneers scientific understanding, operational know-how and commercialisation of premium a2 Milk brand products around the world. Today, we have a range of products available in Australia, New Zealand, UK, USA and China. The a2 Milk Company Limited listed on the NZAX market in April 2004 and completed capital raising and transferred the listing to the NZX Main board in 2012. The company was dual listed on the ASX in March 2015. For more information visit: www.aboutthea2milkcompany.com

Market Data

Price

$6.480

+0.0%
Market Cap

$4.7B

P/E Ratio

38.5x

EPS

$0.169

Div. Yield

4.21%

52-Week Change

-0.3%

Recent Announcements

5 Jun 2026 Sph Neutral

SPH Notice - J.P. Morgan Chase & Co. and its affiliates

J.P. Morgan Chase & Co. and its affiliates changed substantial holding from 5.14% to 6.23%.

2 Jun 2026 Neutral

Response to ASX Price Query letter

The ASX issued a price query to a2 Milk Company (A2M) on 1 June 2026 following a share price decline from $5.37 to $4.88 and significant trading volume increases. A2M responded that it has no undisclosed material information, attributing the recent trading to a CLSA analyst downgrade citing supply delays and external factors previously disclosed on 13 April 2026.

18 May 2026 Sph Neutral

Amended SPH Notice - Paradice Investment Management Pty Ltd

Paradice Investment Management Pty Ltd changed substantial holding from 5.4185% to 6.5303%.

18 May 2026 Sph Neutral

SPH Notice - Paradice Investment Management Pty Ltd

Paradice Investment Management Pty Ltd changed substantial holding from 5.4185% to 6.5303%.

12 May 2026 Sph Neutral

SPH Notice - J.P. Morgan Chase & Co. and its affiliates

J.P. Morgan Chase & Co. and its affiliates disclosed a change in substantial holding (5.14%).

4 May 2026 Neutral

a2MC recalls small volume of a2 Platinum USA label

The a2 Milk Company voluntarily recalled three batches of a2 Platinum USA label infant formula (63,078 tins total, ~16,428 sold to consumers) due to cereulide detection, following new New Zealand industry guidelines; the company states no confirmed illness has been reported, the affected product represents ~0.1% of total sales, and all a2 Platinum products sold outside the USA are unaffected.

24 Apr 2026 Sph Neutral

SPH Notice - Paradice Investment Management Pty Ltd

Paradice Investment Management Pty Ltd disclosed a change in substantial holding (5.4185%).

23 Apr 2026 Sph Neutral

SPH Notice - JP Morgan Chase & Co. and its affiliates

JP Morgan Chase & Co. and its affiliates changed substantial holding from 4.59% to 5.10%.

22 Apr 2026 Sph Neutral

SPH Notice - J.P. Morgan Chase & Co. and its affiliates

J.P. Morgan Chase & Co. and its affiliates disclosed a change in substantial holding (5.10%).

21 Apr 2026 Sph Neutral

SPH Notice - Challenger Limited

Challenger Limited changed substantial holding from 4.94% to 5.07%.

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