The a2 Milk Company Ltd (A2M) — Free Cash Flow Generation Index

Latest as of December 2025: 0.90x

The a2 Milk Company Ltd (A2M) has a Free Cash Flow Generation Index of 0.90x as of December 2025. Free cash flow of AU$86.11 Million represents 1% of operating cash flow (AU$95.20 Million). See The a2 Milk Company Ltd working capital to net assets to evaluate short-term liquidity relative to the company's equity base.

FCF Generation Index

0.90x
Free Cash Flow / Operating CF

Free Cash Flow

AU$86.11 Million
AUD

Operating Cash Flow

AU$95.20 Million
AUD

Capital Expenditures

AU$9.09 Million
AUD

The a2 Milk Company Ltd Free Cash Flow Generation Index (2011–2025)

Historical FCF Generation Index trend for The a2 Milk Company Ltd across 14 annual periods. Explore how well can The a2 Milk Company Ltd service its debt to assess how comfortably operating cash covers total debt obligations.

Annual Free Cash Flow Generation for The a2 Milk Company Ltd (2011–2025)

Year-by-year Free Cash Flow Generation Index for The a2 Milk Company Ltd. For the full company profile including market capitalisation, see A2M market cap.

Year FCG Index Free Cash Flow (AUD) Operating CF Capital Expenditures YoY Change
2025 0.98x AU$197.51 Million AU$201.48 Million AU$3.97 Million ▲ +6.6%
2024 0.92x AU$235.22 Million AU$255.74 Million AU$17.02 Million ▲ +1.5%
2023 0.91x AU$100.88 Million AU$111.28 Million AU$10.41 Million ▼ -5.9%
2022 0.96x AU$136.38 Million AU$141.55 Million AU$5.17 Million ▲ +1278.4%
2021 -0.08x AU$-7.31 Million AU$89.42 Million AU$7.31 Million ▼ -383.9%
2020 -0.02x AU$-7.22 Million AU$427.41 Million AU$7.22 Million ▼ -45.3%
2019 -0.01x AU$-3.36 Million AU$289.07 Million AU$3.36 Million ▼ -101.2%
2018 0.98x AU$226.26 Million AU$231.11 Million AU$4.85 Million ▲ +0.4%
2017 0.98x AU$97.47 Million AU$99.94 Million AU$2.47 Million ▲ +7.8%
2016 0.90x AU$19.42 Million AU$21.47 Million AU$2.05 Million ▲ +115.9%
2014 -5.70x AU$-2.48 Million AU$435.00K AU$2.91 Million ▼ -6376.5%
2013 0.09x AU$331.00K AU$3.65 Million AU$3.32 Million ▲ +100.1%
2012 -114.13x AU$-10.04 Million AU$88.00K AU$10.13 Million ▼ -25591.8%
2011 -0.44x AU$-639.15K AU$1.44 Million AU$2.08 Million —
FCG Index = Free Cash Flow / Operating Cash Flow. FCF = Operating CF + Capital Expenditures (capex stored negative).