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Livestock Improvement Corporation (LIC) briefings

Read that company's published results in release order, newest first.

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Showing 1-7 of 7 published briefings.

Livestock Improvement Corporation (LIC)•HY26•Released 22 January 2026

Revenue up 5.2% but PBT fell 13.5% as segment margins compressed sharply

Broad cost increases across NZ genetics, testing, and farm software compressed margins despite volume-led revenue growth, so the underlying earnings

Published 18 May 2026

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Livestock Improvement Corporation (LIC)•FY25•Released 18 July 2025

LIC PBT up 192% to $40.3m as tax rate normalises from 43.9% to 23.9%

The operating recovery is real, but every reported segment showed a lower result and working capital built $37.6m against a 10.4% revenue lift.

Published 18 May 2026

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Livestock Improvement Corporation (LIC)•FY24•Released 19 July 2024

PBT down 61.7% and H2 swung to a $21.2m NPAT loss

Operating deterioration plus a sharply higher tax rate left FY24 NPAT at $7.7m, well below the $17–22m underlying earnings guided at the half.

Published 18 May 2026

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Livestock Improvement Corporation (LIC)•HY24•Released 24 January 2024

OCF fell 76.4% on a 3.0% revenue dip; 13c dividend funded by UK share sale

The 13.1% PBT decline understates the result: operating cash flow dropped to $3.4m and the special dividend was funded from asset disposal, not

Published 18 May 2026

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Livestock Improvement Corporation (LIC)•FY22•Released 21 July 2022

Continuing-ops PBT fell 59.4% as $16.1m divestment gain lifted NPAT 16.6%

A 47.3% dividend lift rests on a one-off automation disposal gain and a lower tax rate as continuing operations earnings dropped sharply.

Published 18 May 2026

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Livestock Improvement Corporation (LIC)•HY22•Released 26 January 2022

NPAT up 52.1% on Automation divestment; continuing operations grew just 6.2%

A $15.2m discontinued-operations gain drove the headline jump, while underlying cash generation strengthened independently with OCF up 102.6%.

Published 29 April 2026

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Livestock Improvement Corporation (LIC)•FY20•Released 22 July 2021

PBT up 58% on continuing ops, but operating cash flow fell 22%

Continuing-operations revenue grew 3.4% after the farm automation exit, while cash conversion weakened as capex more than doubled to $15.5m.

Published 23 April 2026

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