ASX-listed a2 Milk set for worst day in nearly two years on lowering FY26 profit view

A2 Milk

13/04/2026 02:08

** Australia-listed a2 Milk a2M.AX slips as much as 18.1% to A$7.57; set for biggest intra-day pct drop since August 19, 2024

** Stock hits lowest since August 13, 2025

** Co cuts FY26 profit outlook; expects NPAT to be below or broadly in line with year-ago NZ$202.9 mln ($117.9 mln)

** Sees 2026 revenue growth in low- to mid-double-digit percentages vs earlier outlook of mid-double-digit

** Anticipates temporary supply chain disruptions to affect availability of China-label infant milk formula in Q4

** Says freight disruptions amid Middle East tensions weighed on product flows

** New Zealand-listed shares ATM.NZ falls as much as 17.04% to NZ$9.30

** ATM down ~16.72% YTD

($1 = NZ$1.7212)

 (Reporting by Sruthi Narasimha Chari in Bengaluru)

 ((Sruthinarasimha.chari@thomsonreuters.com))