Livestock Improvement Corporation (LIC) H2 2026 earnings summary

Executive summary

• Achieved a positive full-year performance for FY25/26, driven by strong demand for data-driven herd improvement products and services.

• Significant growth in technology adoption, with wearable integrations up 93.8%, Sexed Semen usage up 52%, and Genomic profiling up 19% year-over-year.

• Over two-thirds of farmers now share data with 17 integration partners, expanding the reference population to over two million genotypes.

Financial highlights

• Total revenue increased 6.7% year-over-year to $314.8 million.

• Net Profit After Tax (NPAT) was $21.3 million, down 30.4% from the same period last year, mainly due to increased technology and security investments.

• Underlying earnings remained stable at $21.8 million year-over-year.

• Dividend of $17.5 million declared, at 12.26 cents per share, representing 80% of underlying earnings.

• Total assets rose 4.2% to $408.5 million; ended the year with no debt.

Outlook and guidance

• Continued focus on investing in technology and security to support growing data integration and maintain farmer trust.

• Ongoing multi-year investment in enterprise and customer-facing systems, primarily in Software as a Service tools.