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Animalcare Group
Animalcare Group (ANCR) investor relations material
Animalcare Group Trading update summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Trading update summary22 Jan, 2026
Financial performance and trading highlights
Revenue increased 20% to approximately £89.1m, with organic growth of 2% and significant contribution from Randlab integration.
Underlying EBITDA grew by about 50% to £17.6m, driven by high-margin products and Randlab's impact.
Cash conversion was strong at around 80%, and net debt remained stable at £9.1m, with leverage well below 1.0x EBITDA.
Companion Animal and Equine segments showed robust growth, with Equine now representing 24% of group revenues.
Financial position supports continued investment in strategic growth drivers.
Strategic execution and growth initiatives
Successfully integrated Randlab, enhancing both revenue and EBITDA.
Advanced R&D pipeline with five key projects, including the VHH NGF antibody programme and a new licence for equine biologics.
Made a 25% strategic equity investment in In Vetro Pty Ltd to strengthen Asia-Pacific presence.
Committed to investing about 5% of revenue annually in innovation from 2026.
Outlook and upcoming events
Entered 2026 with positive momentum, aiming to accelerate sustainable growth through portfolio optimisation, innovation, and selective M&A.
Plans to provide further insight into growth strategies at a Capital Markets Event on 4 March 2026.
Confident in addressing evolving demands of the global veterinary market with a scalable platform and strong balance sheet.
Quantify Equine segment's gross margin impact
What is the rationale for 5% R&D spend target?
What is the strategic intent of In Vetro investment?
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Next Animalcare Group earnings date
CMD 20264 Mar, 2026
Animalcare Group
Next Animalcare Group earnings date
CMD 20264 Mar, 2026
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Animalcare Group plc is a UK-based veterinary pharmaceutical company. It develops, manufactures, and markets products for companion animals and livestock, including pharmaceuticals, vaccines, and diagnostics. The company operates across Europe, serving veterinarians and animal health professionals through a network of distributors and direct sales. The company is headquartered in York, United Kingdom, and its shares are listed on the LSE.
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