The a2 Milk Co Ltd (ASX: A2M) Share Price and News

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The a2 Milk Co Ltd Chart and Price Data

Fundamentals Data provided by Morningstar.

Data provided by Morningstar.
Market Cap $4.84 billion
P/E Ratio 28.73
Dividend Yield 2.53%
Shares Outstanding 728.06 million
Earnings per share 0.286
Dividend per share 0.13
Year To Date Return -23.72%
Earnings Yield 3.48%
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as at 24 Feb 3:44pm

  • The a2 Milk Co Ltd (ASX: A2M)
    Latest News

    Stacks of Australian dollar currency banknotes.
    Dividend Investing

    33 ASX shares going ex-dividend next week

    They include Ramelius Resources, Qantas, South32, Flight Centre, Lovisa, and A2 Milk shares.

    Read more »

    Ten happy friends leaping in the air outdoors.
    Share Gainers

    Here are the top 10 ASX 200 shares today

    Investors enjoyed another exciting session this Tuesday.

    Read more »

    Businesswoman with a pleased smile reading on her laptop at a desk in the office with a look of satisfaction.
    ASX Share Market News

    8 ASX shares just upgraded by the experts

    Brokers have increased their ratings on CSL, IAG, Fortescue, A2 Milk, and others this week. 

    Read more »

    Man and woman sitting at table with the man looking a bit puzzled at his laptop.
    Share Gainers

    Here are the top 10 ASX 200 shares today

    It was a wild but ultimately unsuccessful Tuesday for ASX investors.

    Read more »

    A young boy in a business suit giving thumbs up with piggy banks and coin piles demonstrating dividends and ex-dividend day approaching.
    ASX Share Market News

    3 oversold ASX 200 shares trading for cheap right now

    Do you own any of these ASX 200 shares?

    Read more »

    A farmer pats a small beef cattle bovine on the head in a green field with trees in the background.
    Earnings Results

    Are A2 Milk shares a buy, hold or sell following results?

    Can these battered shares bounce back?

    Read more »

    A young woman holds her hand to her ear and leans sideways as if to listen to something that's surprising her as her eyes and her mouth are wide open.
    ASX Share Market News

    Why Lendlease, A2 Milk and JB Hi Fi shares are turning heads on Monday

    Lendlease, A2 Milk and JB Hi-Fi shares are making waves on Monday. But why?

    Read more »

    Smiling young parents with their daughter dream of success.
    Consumer Staples & Discretionary Shares

    The A2 Milk Company posts higher FY26 revenue and increased dividends

    The infant formula company plans to regain China market share.

    Read more »

    Four friends watching sport and upset at their team losing.
    ASX Share Market News

    5 things to watch on the ASX 200 on Monday

    Here's what to expect on the local market at the start of the week.

    Read more »

    A little girl brings her mug of hot milk close to her mouth, ready to take a big sip.
    Earnings Results

    What is Bell Potter saying about A2 Milk shares after its results?

    It was mixed results for this ASX company yesterday.

    Read more »

    Two male ASX 200 analysts stand in an office looking at various computer screens showing share prices.
    ASX Share Market News

    5 things to watch on the ASX 200 on Wednesday

    Will it be a good hump day for Aussie investors? Let's find out.

    Read more »

    A woman sits with a glass of milk in front of her as she puts a finger to the side of her face as though in thought while her eyes look to the side.
    Consumer Staples & Discretionary Shares

    A2 Milk shares jump again as China worries start to ease

    This infant formula stock is back in flavour.

    Read more »

    Frequently Asked Questions

    The a2 Milk Company Ltd paid its maiden dividend to shareholders in April 2025.

    The a2 Milk Company Ltd does not currently have a dividend reinvestment program.

    The company was founded in 2000 in New Zealand and listed on the ASX in March 2015.

    Dividend Payment History Data provided by Morningstar.

    Data provided by Morningstar.
    Ex-Date Amount Franking Type Payable
    08 Jul 2026 $0.4136 0.00% Special Cash 24 Jul 2026
    19 Mar 2026 $0.1150 0.00% Interim 02 Apr 2026
    18 Sep 2025 $0.1150 0.00% Final 03 Oct 2025
    20 Mar 2025 $0.0650 0.00% Interim 04 Apr 2025

    A2M ASX Announcements

    An announcement is considered as "Price Sensitive" if it is thought that it may have an impact on the price of the security.

    DateAnnouncementPrice Sensitive?TimeNo. of PagesFile Size
    YesNo

    About The a2 Milk Co Ltd

    A2 Milk Company Ltd (ASX: A2M) is a fresh milk and infant formula company that sources, produces and supplies a2 brand milk and milk-related products in Australia and globally. The Company was founded in 2000 in New Zealand by scientist Dr Corran McLachlan and Howard Paterson.

    The company produces fresh cows' milk that naturally contains the A2 protein type and no A1 protein. Some research suggests the A1 protein can cause digestion issues. In 2025, the company announced the acquisition of Yashili New Zealand (YNZ) for NZ$282 million, alongside the divestment of its Mataura Valley Milk (MVM) investment, as part of a broader supply chain transformation strategy.

    A2M Share Price History Data provided by Morningstar.

    Data provided by Morningstar.
    Date Close Change % Change Volume Open High Low
    11 Sep 2026 $6.65 $-0.11 -1.63% 864,357 $6.68 $6.77 $6.64
    10 Sep 2026 $6.76 $0.09 1.35% 1,653,510 $6.61 $6.79 $6.60
    09 Sep 2026 $6.67 $-0.08 -1.19% 928,683 $6.72 $6.86 $6.64
    08 Sep 2026 $6.75 $0.05 0.75% 1,358,527 $6.71 $6.75 $6.61
    07 Sep 2026 $6.70 $0.11 1.67% 1,136,109 $6.68 $6.72 $6.62
    04 Sep 2026 $6.59 $0.03 0.46% 1,896,933 $6.57 $6.61 $6.47
    03 Sep 2026 $6.56 $-0.23 -3.39% 2,029,430 $6.70 $6.80 $6.56
    02 Sep 2026 $6.79 $0.16 2.41% 1,627,352 $6.63 $6.79 $6.63
    01 Sep 2026 $6.63 $0.02 0.30% 1,808,265 $6.61 $6.72 $6.50
    31 Aug 2026 $6.61 $-0.25 -3.64% 1,494,777 $6.86 $6.89 $6.61
    28 Aug 2026 $6.86 $0.01 0.15% 972,865 $6.86 $6.97 $6.85
    27 Aug 2026 $6.85 $-0.26 -3.66% 1,586,548 $7.11 $7.11 $6.85
    26 Aug 2026 $7.11 $0.02 0.28% 1,938,776 $7.14 $7.26 $7.09
    25 Aug 2026 $7.09 $0.42 6.30% 3,071,841 $6.72 $7.09 $6.70
    24 Aug 2026 $6.67 $-0.17 -2.49% 3,133,747 $6.77 $6.85 $6.64
    21 Aug 2026 $6.84 $0.14 2.09% 2,415,151 $6.70 $6.87 $6.70
    20 Aug 2026 $6.70 $-0.08 -1.18% 3,089,917 $6.80 $6.84 $6.67
    19 Aug 2026 $6.78 $-0.31 -4.37% 3,131,122 $7.11 $7.19 $6.78
    18 Aug 2026 $7.09 $0.56 8.58% 6,269,109 $6.75 $7.15 $6.64
    17 Aug 2026 $6.53 $-0.22 -3.26% 7,322,203 $6.18 $6.66 $6.10
    14 Aug 2026 $6.75 $-0.18 -2.60% 3,243,859 $6.94 $6.97 $6.75
    13 Aug 2026 $6.93 $0.05 0.73% 2,295,996 $6.88 $6.98 $6.85

    Director Transactions Data provided by Morningstar.

    Data provided by Morningstar.
    Date Director Type Amount Value Notes
    01 Sep 2026 Kathryn(Kate) Mitchell Buy 9,000 $72,000
    On-market trade. NZD
    27 Aug 2026 David Bortolussi Sell 100,769 $838,398
    On-market trade.
    26 Aug 2026 David Bortolussi Sell 11,918 $102,733
    On-market trade.
    25 Aug 2026 David Bortolussi Sell 232,346 $1,965,647
    On-market trade.
    21 Aug 2026 Lain Jager Buy 24,721 $238,804
    On-market trade. NZD
    20 Aug 2026 David Bortolussi Issued 690,066 $4,623,442
    Conversion of securities.
    20 Aug 2026 David Bortolussi Exercise 690,066 $4,623,442
    Conversion of securities. 862,942 - Rights
    19 Aug 2026 Grant Dempsey Buy 70,000 $584,500
    On-market trade. NZD
    05 Mar 2026 Philippa (Pip) Greenwood Sell 287 $3,383
    On-market trade. NZD
    26 Feb 2026 David Bortolussi Sell 394,930 $4,514,049
    On-market trade. NZD
    08 Dec 2025 David Bortolussi Issued 324,606 $2,940,930
    Issue of securities. 1,553,008 performance rights
    26 Nov 2025 David Bortolussi Sell 245,453 $2,672,983
    On-market trade. NZD
    26 Sep 2025 Kathryn(Kate) Mitchell Buy 2,184 $20,748
    On-market trade. NZD
    24 Sep 2025 Kathryn(Kate) Mitchell Buy 816 $7,752
    On-market trade. NZD
    23 Sep 2025 Kathryn(Kate) Mitchell Buy 3,000 $28,350
    On-market trade. NZD
    15 Sep 2025 David Bortolussi Sell 242,345 $2,484,036
    On-market trade. NZD

    Directors & Management Data provided by Morningstar.

    Data provided by Morningstar.
    Name Title Start Date Profile
    Mr David Landt Bortolussi Chief Executive OfficerManaging Director Feb 2021
    Mr Bortolussi held the role of Group President, HanesBrands, and prior to that was the CEO of Pacific Brands. In 2016, HanesBrands acquired Pacific Brands and expanded David's role to cover global innerwear operations outside of the Americas. Prior to this, David was the Chief Strategy Officer at Foster's Group and held senior consulting roles at McKinsey & Company and PwC. His career has been focused on the consumer and retail sector in Australia and New Zealand complemented by international experience in markets and categories in China, SE Asia, EU, UK, Middle East and the USA. David also has an interest in private equity and growth phase businesses.
    Ms Philippa (Pip) Mary Greenwood Non-Executive ChairmanNon-Executive Director Jul 2019
    Ms Greenwood is a member of the People Committee. Currently Pip is also the Chair of Westpac New Zealand and a director of Westpac Banking Corporation. She was previously a director of Spark New Zealand, Fisher & Paykel Healthcare, and Vulcan Steel. Prior to becoming a full time director, Pip was a senior partner at law firm Russell McVeagh, where she spent over 10 years on the firm's Board including acting as the firm's Board Chair and interim CEO. Pip brings commercial and board experience to the a2MC Board.
    Ms Kathryn(Kate) Mitchell Non-Executive Director Jun 2023
    Ms Mitchell is Chair of the Risk Management Committee. Kate has governance experience as a director of both private and public companies. She is also experienced in the areas of financial risk management, structured financing and investments. Kate is currently Chair of Link Engine Management. She is also a director of Heartland Group Holdings, where she chairs the Sustainability Committee, Christchurch International Airport, where she chairs the Property and Infrastructure Committee, and Zentera (formerly The New Zealand Merino Company). Prior to moving to New Zealand in 2014, Kate's executive career spanned over 20 years in investment banking in London, which included senior leadership roles in the Global Markets division within investment banks including Deutsche Bank, Goldman Sachs and Merrill Lynch.
    Ms Sandra Yu Non-Executive Director Mar 2022
    Ms Yu is the Chair of the People Committee and member of Risk Management Committee. She is a director and executive in consumer goods industries, in the infant formula market in China, with a track record of driving transformation, leveraging opportunities for growth, and building organisational capabilities across Asia and the USA. She is currently a director of 91AAP Inc, a retail Software as a Service provider. She is also engaged as an advisor, an executive coach and has served as the non executive chair of the RB China Advisory Board. Sandra has held senior executive positions at Mead Johnson Nutrition, including president of the Greater China division and Global Marketing Vice President. She played a role in enhancing global brand equity, developing a sustainable innovation pipeline, and transitioning the company towards new digital media and e commerce platforms. Prior to Mead Johnson, Sandra had 13 years' experience at Unilever in senior executive roles, leading skin care and personal care categories across multiple Asian markets.
    Mr Grant Andrew Dempsey Non-Executive Director Sep 2025
    Mr Dempsey sits on the Risk Management Committee. He brings financial, strategic and commercial experience to the Board through his career in investment banking and CFO roles held at ASX50 listed companies. He commenced his career as an auditor before spending time in business development at Bank of Melbourne and General Electric. He then gained experience in investment banking, initially at UBS and Citi, then at JP Morgan for 10 years, including as its Head of Banking, where he led a number of transactions in Australia for ASX20 companies. Following this, Grant held CFO roles at Alumina and TPG Telecom. He retired as an executive in 2024 and is now a professional director. He has been a director of Industry Funds Management (IFM) Investors since 2018 and chairs its board investment committee. More recently, he has been appointed as the Chair of Firmus Technologies, Chair of Housing Hub, and a director and Chair of the audit and risk committee of Sims Metals, an ASX listed company.
    Mr Antonio (Tonet) Rivera Non-Executive Director Nov 2024
    Mr Rivera sits on the Risk Management Committee. Tonet has over 35 years of supply chain experience, including 17 years of international leadership experience. Tonet worked for Mead Johnson Nutrition from 2002 to 2017, culminating in four years leading the global supply chain of the multinational nutrition company in the role of Senior Vice President, Global Supply Chain. In that role Tonet had responsibility for all supply chain operations globally, including manufacturing, engineering, procurement, supply planning and physical distribution. Prior to that, he served as Vice President, Supply Chain - Asia and Europe for more than a decade, with responsibility for Supply Chain operations in Europe and Asia, including owned manufacturing locations and third party manufacturers. Since retiring from executive roles in 2017, when Mead Johnson Nutrition was acquired by Reckitt Benckiser Group plc, Tonet has worked as a supply chain consultant.
    Mr Lain Jager Non-Executive Director Dec 2024
    Mr Jager sits on the People Committee. Lain brings international agribusiness leadership experience to the Board through his former role as CEO of Zespri International. Zespri is the marketer of kiwifruit, distributed in more than 50 countries with revenue of around NZ$5 billion. Lain's nine years as CEO of Zespri International from 2008 to 2017 included the development of a global growth strategy, and increases in revenue and profitability. Lain joined the Zespri board in 2025. Since stepping down from Zespri in 2017, Lain has focused on private business interests including personal investments in a range of entrepreneurial, technology and agriculture related businesses.
    Ms Kate Tidbury Chief Legal OfficerCompany Secretary
    -
    Xiao Li Chief Executive Officer Greater China
    -
    David Muscat Chief Financial Officer
    -
    Kate Tidbury Chief Legal OfficerCompany Secretary
    -
    Helena He Chief Marketing Officer
    -
    Amanda Hart Chief People and Culture Officer
    -
    Chopin Zhang Chief Supply Chain Officer
    -
    Jaron McVicar Managing Director ANZ and Sustainability
    -
    Yohan Senaratne Managing Director International
    -
    Kevin Bush Managing Director USA
    -

    Top Shareholders Data provided by Morningstar.

    Data provided by Morningstar.
    Name Shares Capital
    HSBC Custody Nominees (Australia) Limited 153,588,306 21.17%
    Citicorp Nominees Pty Limited 94,627,237 13.04%
    J P Morgan Nominees Australia Pty Limited 80,745,476 11.13%
    BNP Paribas Nominees NZ Limited 60,666,463 8.36%
    BNP Paribas Noms Pty Ltd 27,362,447 3.77%
    Apex Custodian Nominees 23,465,276 3.23%
    New Zealand Superannuation Fund Nominees Limited 20,907,525 2.88%
    Accident Compensation Corporation 19,577,707 2.70%
    HSBC Nominees (New Zealand) Limited 15,151,820 2.09%
    New Zealand Depository Nominee 11,582,605 1.60%
    Citibank Nominees (NZ) Ltd 10,788,698 1.49%
    BNP Paribas Nominees Pty Ltd 10,666,684 1.47%
    Public Trust 9,614,714 1.33%
    New Zealand Permanent Trustees Limited 7,393,657 1.02%
    HSBC Custody Nominees (Australia) Limited i 7,135,715 0.98%
    PT Booster Investments Nominees Limited 6,706,633 0.92%
    Custodial Services Limited 6,401,023 0.88%
    JBWERE (NZ) Nominees Limited 5,942,472 0.82%
    UBS Nominees Pty Ltd 5,148,317 0.71%
    JBWERE (NZ) Nominees Limited i 4,423,020 0.61%

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