A2 Milk Company Ltd
NZX:ATM

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A2 Milk Company Ltd Logo
A2 Milk Company Ltd
NZX:ATM
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Price: 6.35 NZD 0.79% Market Closed
Market Cap: 4.6B NZD
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Income Statement

Earnings Waterfall
A2 Milk Company Ltd

Revenue
1.7B NZD
Cost of Revenue
-906.7m NZD
Gross Profit
766.6m NZD
Operating Expenses
-564.4m NZD
Operating Income
202.2m NZD
Other Expenses
-34.7m NZD
Net Income
167.6m NZD

Income Statement
A2 Milk Company Ltd

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Income Statement
Currency: NZD
Dec-2017 Jun-2018 Dec-2018 Jun-2019 Dec-2019 Jun-2020 Dec-2020 Jun-2021 Dec-2021 Jun-2022 Dec-2022 Jun-2023 Dec-2023 Jun-2024
Revenue
Revenue
728
N/A
922
+27%
1 098
+19%
1 301
+18%
1 495
+15%
1 731
+16%
1 602
-7%
1 205
-25%
1 187
-1%
1 444
+22%
1 567
+9%
1 591
+2%
1 620
+2%
1 673
+3%
Gross Profit
Cost of Revenue
(367)
(458)
(510)
(587)
(661)
(762)
(754)
(695)
(714)
(780)
(836)
(852)
(874)
(907)
Gross Profit
361
N/A
464
+29%
588
+27%
713
+21%
834
+17%
969
+16%
848
-12%
510
-40%
474
-7%
664
+40%
731
+10%
739
+1%
746
+1%
767
+3%
Operating Income
Operating Expenses
(136)
(178)
(229)
(295)
(371)
(421)
(380)
(394)
(444)
(486)
(544)
(538)
(539)
(564)
Selling, General & Administrative
(118)
(150)
(182)
(234)
(288)
(333)
(311)
(301)
(345)
(384)
(437)
(540)
(593)
(567)
Research & Development
(4)
(4)
(5)
0
(4)
0
0
0
0
0
0
0
0
0
Depreciation & Amortization
(2)
(2)
(2)
0
(2)
0
(3)
0
0
0
0
0
0
0
Other Operating Expenses
(12)
(22)
(38)
(61)
(78)
(88)
(66)
(93)
(99)
(102)
(107)
2
54
2
Operating Income
225
N/A
286
+27%
359
+25%
418
+17%
463
+11%
548
+18%
468
-14%
116
-75%
30
-74%
177
+490%
187
+5%
201
+8%
207
+3%
202
-2%
Pre-Tax Income
Interest Income Expense
1
2
3
4
5
6
(1)
3
3
4
13
22
28
36
Non-Reccuring Items
(6)
(5)
0
0
0
0
(5)
0
0
0
0
0
0
0
Pre-Tax Income
219
N/A
283
+29%
362
+28%
422
+17%
469
+11%
553
+18%
463
-16%
119
-74%
33
-73%
181
+456%
200
+10%
223
+12%
235
+5%
238
+1%
Net Income
Tax Provision
(69)
(88)
(109)
(128)
(141)
(165)
(143)
(39)
(16)
(67)
(72)
(78)
(80)
(84)
Income from Continuing Operations
150
196
252
295
328
388
320
81
17
115
127
145
155
154
Income to Minority Interest
0
0
0
0
0
0
0
0
4
8
10
11
12
14
Net Income (Common)
150
N/A
196
+31%
250
+28%
288
+15%
320
+11%
386
+21%
321
-17%
81
-75%
20
-75%
123
+506%
137
+12%
156
+14%
167
+7%
168
+0%
EPS (Diluted)
0.2
N/A
0.26
+30%
0.34
+31%
0.4
+18%
0.44
+10%
0.52
+18%
0.43
-17%
0.11
-74%
0.03
-73%
0.16
+433%
0.18
+13%
0.21
+17%
0.23
+10%
0.23
N/A

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