Genus (GNS) Trading update summary

Financial performance

• Adjusted profit before tax for H1 FY26 expected at approximately £50m, ahead of expectations.

• Including a milestone payment, adjusted profit before tax rises to about £55.6m.

• FY26 adjusted profit before tax now forecast moderately above the top end of current market expectations.

Strategic developments

• Regulatory approval received for the Chinese porcine joint venture in December 2025.

• Final $7.5m (£5.6m) milestone payment from BCA triggered by joint venture approval.

• Joint venture formation and milestone payment expected in fiscal Q3.

Operational highlights

• Strong trading continued in PIC, with ABS performing as anticipated.

• Interim results for H1 FY26 will be announced on 26 February 2026.