A2 Milk reports strong financial growth in 2023-24

Mon, 19 Aug 2024

A2 Milk has announced a positive full-year result for the 2023-24 financial year, driven by strong execution of its growth strategy.

The company achieved strong revenue, EBITDA, and EPS growth and also became a top-5 brand in the China infant milk formula market.

A2 Milk's financial results for the year showed a 5.2% increase in revenue to $1.68 billion, while EBITDA was up 6.9% to $234.3 million.

The company's net profit after tax attributable to owners rose by 7.7% to $167.6m.

A2 Milk also reported a closing net cash of $968.9m, a significant increase of $211.7m from the previous year.

Looking ahead, the company expects mid-single-digit percent revenue growth and a similar EBITDA margin for the 2024-25 financial year.

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