Livestock Improvement Corp posts strong profit but warns of FY26 one-offs

The company’s balance sheet was strong, with no debt at year’s end. (Image: Getty)

Fri, 18 Jul 2025

Dairy genetics company Livestock Improvement Corporation (LIC) posted a stronger result for the 12 months to May 31, but warned the current financial year would be impacted by one-offs.LIC booked a full-year after-tax profit of $30.6 million for the 12 months to May 31, up from $7.7m a year previous. The prior year’s result was weighed by the tax deductibility on the change in commercial buildings.Underlying earnings of $21.7m, from $13.9m, were in line with internal forecasts.Total revenue was $295.1m, from $267.3m.LIC’s total divi...

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