NZ's a2 Milk hits near 3-month peak on resolution of China supply chain snags

The a2 Milk

07/07/2026 01:57

** Shares of a2 Milk ATM.NZ rise as much as 4.5% to NZ$9.77, their highest level since April 14
** Stock posts the largest intraday pct gain since June 25
** Dairy producer says supply issues that affected its core China-label IMF product have now been substantially resolved
** Flags that China-label sales down 14% on prelim basis for FY26
** Adds co now expects FY26 NPAT to be slightly up from last year's NZ$202.9 million ($115.65 million) vs earlier forecast of in line-to-lower profit
** Co's ASX shares currently flat after gaining as much as 5.1% to A$7.67
** A2 NZ stock down 11.9% YTD, including the day's moves
     
($1 = 1.7544 New Zealand dollars)

(Reporting by Nikita Maria Jino in Bengaluru)
((Nikita.Jino@thomsonreuters.com;))