NZ's a2 Milk declares first dividend, hikes annual earnings outlook (updated)

A2 Milk

16/02/2025 20:01

(Updates with revenue growth outlook hike and more results
detail)
       Feb 17 (Reuters) - New Zealand's a2 Milk  ATM.NZ 
declared its first dividend on Monday and hiked its annual
revenue growth outlook, citing stronger-than-anticipated demand
for its English-label infant milk formula in cross-border
e-commerce channels.
    A2 Milk declared an interim dividend of 8.5 New Zealand
cents per share, and said it will continue to review capital
management options, which could result in future capital returns
to shareholders, likely in the form of special dividends.
    The dairy producer also upgraded its fiscal 2025 revenue
growth guidance to low- to mid-double-digit percent from the
prior guidance of mid- to high single-digit. Its revenue grew
5.2% in fiscal 2024. 
    Its first-half net profit after tax (NPAT) attributable to
shareholders came in at NZ$91.7 million ($52.50 million) for the
six months ending December 31, beating Visible Alpha consensus
estimate of NZ$83 million.
    Last year, it reported profits of NZ$85.3 million.  

($1 = 1.7467 New Zealand dollars)

 (Reporting by Nichiket  Sunil in Bengaluru; Editing by Alison
Williams and Lisa Shumaker)
 ((Nichiket.Sunil@thomsonreuters.com;))