**Summary**
Genus plc, a global leader in animal genetics, released a half-year trading update for the six months ended 31 December 2025 (H1 FY26), reporting strong performance ahead of expectations. The company expects to report a first-half adjusted profit before tax of approximately £50 million (excluding a £5.6 million milestone payment from BCA) and £55.6 million including the payment. This performance was driven by strong trading in its PIC (pig) and ABS (dairy and beef cattle) businesses.
The Board now anticipates full-year FY26 adjusted profit before tax to exceed the top-end of current market expectations (£85.0 million). Genus also confirmed regulatory approval from Chinas SASAC for its accelerated porcine joint venture, triggering the final $7.5 million (£5.6 million) milestone payment from BCA, expected in the fiscal third quarter.
Genus will announce its interim results on 26 February 2026. The company continues to leverage its proprietary breeding lines, biotechnology, and global network to drive innovation, including the development of the PRRS Resistant Pig, pending regulatory approvals.
**Key Highlights**
H1 FY26 adjusted profit before tax£50m (excl. BCA payment) / £55.6m (incl. BCA payment).
Full-year FY26 profit expected to exceed market consensus of £85.0m.
Chinese porcine joint venture approved, with £5.6m milestone payment expected in Q3 FY26.
Continued strong performance in PIC and ABS businesses.
Interim results to be announced on 26 February 2026.