The A2 Milk Company Limited (ACOPY) Q4 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Morning everyone and thank you for joining us today. My name is David Bortolissi. I'm the Managing Director and CEO of the A2 Milk Company. Today I'm joined on the call by our CFO, Dave Muscat, and our business unit leaders, Kevin Bush, Eleanor Core, Lee Zhao, and Joanne Sineratna. As you will have seen from this morning's announcement, we have a lot to cover on today's call. In terms of format, Dave and I will provide an overview of the company's FY25 results. We will then move on to our supply chain transformation update, and finish with our FY26 outlook and capital management update incorporating the transaction impacts. In the interest of time, we won't present our regional and product performance as we normally do, which is a shame as there are so many great achievements during the year that the team would like to share with you, but our business unit leaders are on the call to discuss any questions you may have in Q&A at the end. Starting on slide four, we reported an exceptionally strong FY25 result today. We continue to execute our growth strategy, which has seen us deliver record sales of $1.9 billion and double-digit growth in revenue, EBITDA and EPS. We moved from a top five to a top four brand position in the China IMF market, with strong growth in both English label and China label, driven by successful early stage new user recruitment. We continue to ramp up innovation with a range of new products launched, targeting growth opportunities in the infant, kids and seniors nutrition segments, as well as expanding our English label reach further into emerging markets, launching IMF in Vietnam. And lastly, as you know, we introduced the dividend policy for the first time in November, and we've now declared dividends totaling 20 cents per share for FY25, with ...