Livestock Improvement Corporation (LIC) has reported a strong financial performance for the year ended May 31, 2025.
Total revenue increased by 10.4% to $295.1 million, compared to $267.3m in the previous year.
Net profit after tax (NPAT) was $30.6m, a significant increase from $7.7m.
Underlying earnings also rose by 56.9% to $21.7m.
The company's total assets increased by 9.3% to $392m.
LIC ended the year with a strong balance sheet and no debt.
A dividend of $17.4m, representing 80% of underlying earnings, was declared.
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