Livestock Improvement Corporation (LIC)•HY26•Released 22 January 2026Revenue up 5.2% but PBT fell 13.5% as segment margins compressed sharplyBroad cost increases across NZ genetics, testing, and farm software compressed margins despite volume-led revenue growth, so the underlying earningsPublished 18 May 2026Read briefing→
Livestock Improvement Corporation (LIC)•FY25•Released 18 July 2025LIC 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 2026Read briefing→
Livestock Improvement Corporation (LIC)•FY24•Released 19 July 2024PBT down 61.7% and H2 swung to a $21.2m NPAT lossOperating 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 2026Read briefing→
Livestock Improvement Corporation (LIC)•HY24•Released 24 January 2024OCF fell 76.4% on a 3.0% revenue dip; 13c dividend funded by UK share saleThe 13.1% PBT decline understates the result: operating cash flow dropped to $3.4m and the special dividend was funded from asset disposal, notPublished 18 May 2026Read briefing→
Livestock Improvement Corporation (LIC)•FY22•Released 21 July 2022Continuing-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 2026Read briefing→
Livestock Improvement Corporation (LIC)•HY22•Released 26 January 2022NPAT 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 2026Read briefing→
Livestock Improvement Corporation (LIC)•FY20•Released 22 July 2021PBT 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 2026Read briefing→