A2 Milk Says FY26 NPAT Expected Slightly Up On FY25

A2 Milk Company Ltd NZX:ATM:

• SUPPLY CHAIN AND FY26 RESULTS UPDATE

• COMPANY CONFIRMS THAT CHINA LABEL IMF PRODUCT AVAILABILITY WAS MATERIALLY IMPACTED BY THESE FACTORS IN 4Q26

• EXPECTS TO DELIVER FY26 RESULTS IN LINE WITH, OR SLIGHTLY AHEAD OF, GUIDANCE RANGE

• SEES FY26 REVENUE ABOUT NZ$1.97 BILLION, UP OVER 12% ON FY25

• FY26 NPAT EXPECTED SLIGHTLY UP ON FY25; UNDERLYING NPAT EXPECTED UP

• FY26 EBITDA MARGIN EXPECTED AT HIGH END OF 14%-14.5% GUIDANCE

• CONTRIBUTING FACTORS TO CHINA LABEL IMF PRODUCT AVAILABILITY ISSUES HAVE NOW SUBSTANTIALLY BEEN RESOLVED

• SEES CHINA LABEL IMF FY26 SALES DOWN ABOUT 14% VERSUS FY25