a2 Milk FY 2026 slides: revenue rises 12%, margins pressured
In its FY 2026 annual results, New Zealand-based dairy company a2 Milk Company reported a 12.4% increase in revenue to NZD 1,974.9 million, although it faced challenges that affected its profitability. EBITDA declined 2.5% to NZD 284.4 million due to supply chain disruptions, particularly impacting China label infant milk formula (IMF) availability and margins.
Shares of the company traded at $4.78 following the announcement, up 0.21%, as investors weighed the strong top-line performance against near-term margin pressure and a recovery timeline through FY27. The stock remains about 29% below its 52-week high of $6.78.
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