Shorted
The A2 Milk Company logo

A2M

The A2 Milk Company

Food, Beverage & Tobacco

The A2 Milk Company specializes in the sale of dairy products that contain only the A2 beta-casein protein, which is marketed as being easier to digest than regular milk. The company has a strong market presence in Australia, New Zealand, China, and the USA, leveraging its unique product differentiation to capture a niche market segment. Its business model focuses on premium pricing and health-con...

A2 Milk
Dairy Industry
ASX
A2 Protein

Shorted

short percentage3.17%
reported shorts23M
shares on issue725.426M

About

industry

Food, Beverage & Tobacco

address

Level 10, 51 Shortland Street, AUCKLAND, ., NEW ZEALAND, 1010

Connect

Key Metrics

market cap
$6.85B
p/e ratio36.31
eps$0.26
dividend yield180.00%

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Historical Price Data

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Industry & Focus

A2 Milk
Dairy Industry
ASX
A2 Protein
Sustainability

Company Overview

AI-generated company summary

The A2 Milk Company specializes in the sale of dairy products that contain only the A2 beta-casein protein, which is marketed as being easier to digest than regular milk. The company has a strong market presence in Australia, New Zealand, China, and the USA, leveraging its unique product differentiation to capture a niche market segment. Its business model focuses on premium pricing and health-conscious consumers.

Company History

The A2 Milk Company was founded in 2000 in New Zealand, initially focusing on research into the benefits of A2 protein in milk. Over the years, the company expanded its product line and entered international markets, including Australia, China, and the USA. A major milestone was its listing on the Australian Stock Exchange (ASX) in 2015, which facilitated further growth and expansion.

Competitive Advantages

The A2 Milk Company's competitive advantages include its unique product offering of A2-only protein milk, which appeals to health-conscious consumers and those with digestive sensitivities. The company also benefits from strong brand recognition and a well-established distribution network in key international markets.

Risk Factors

  • Regulatory changes in key markets
  • Fluctuations in milk supply and prices
  • Intense competition from other dairy and non-dairy alternatives

Recent Developments

Last 6 months

In 2025, The A2 Milk Company launched a sustainability fund to support sustainable dairying practices and announced new research findings on the health benefits of A1 protein-free milk.

Key People

Leadership team at The A2 Milk Company

DB

David Bortolussi

CEO

David Bortolussi is the Managing Director and CEO of The A2 Milk Company, bringing extensive experience in consumer goods and retail sectors.

David Muscat

David Muscat

CFO

David Muscat serves as the Chief Financial Officer, overseeing the company's financial strategy and operations with a strong background in corporate finance.

MD

Mr. David L. Bortolussi B.Com., BComm, F.C.A., FFin

MD, CEO & Director

MD

Mr. David Muscat BComm, CA

Chief Financial Officer

MC

Mr. Chante Mueller

Head of Investor Relations

MJ

Mr. Jaron McVicar

Chief Legal & Sustainability Officer and Company Secretary

ME

Ms. Edith Bailey

Chief Marketing Officer

MA

Ms. Amanda Hart

Chief People & Culture Officer

ML

Mr. Li Xiao

Chief Executive of Greater China

ME

Ms. Eleanor Khor

Managing Director of ANZ & Strategy

Financial Reports

76 reports available

FY25 Annual Report

Annual ReportAug 18, 2025via asx_announcements

Appendix 4E

Annual ResultsAug 18, 2025via asx_announcements

Appendix 4D and 1H25 Interim Report

Half Year ResultsFeb 17, 2025via asx_announcements

FY24 Annual Report

Annual ReportAug 19, 2024via asx_announcements

Appendix 4E

Annual ResultsAug 19, 2024via asx_announcements

Appendix 4D

Half Year ResultsFeb 19, 2024via asx_announcements

Appendix 4D and 1H24 Interim Report

Half Year ResultsFeb 19, 2024via asx_announcements

Appendix 4E

Annual ResultsAug 21, 2023via asx_announcements

FY23 Annual Report

Annual ReportAug 21, 2023via asx_announcements

FY23 Results presentation

Investor PresentationAug 21, 2023via asx_announcements

Showing 10 of 76 reports