Genus (GNS) Trading Update summary

Financial performance and outlook

• Adjusted profit before tax for H1 FY25 expected to be at least £35m, ahead of expectations.

• Full-year FY25 adjusted profit before tax now anticipated at the top end of market expectations (£63.0m–£67.4m).

• Currency headwind of £8m–£9m expected for FY25, assuming current FX rates persist.

Business segment performance

• ABS segment delivered operating profit growth, driven by Value Acceleration Programme initiatives.

• PIC segment outperformed expectations, with strong volume and profit growth in the Americas and Asia.

Regulatory and operational updates

• Regulatory process for PRRS Resistant Pig programme progressing with US and international authorities.

• Interim results for H1 FY25 will be announced on 27 February 2025.