Livestock Improvement Corporation Ltd (NS) Ordinary Shares
LIC.NZXConsumer Staples
LIC is a New Zealand dairy farmer owned co-operative which empowers livestock farmers through the delivery of superior genetics and technology. With origins dating back to 1909, LIC has a long history of world-leading innovations for the dairy industry. All LIC profit is returned to its 10,300 farmer owners/shareholders in dividends or re-invested in new solutions, research and development. LIC listed on the NZAX market in April 2004. Following the closure of the NZAX, LIC migrated to the NZSX on 1 July 2019. LIC's Non-Standard designation continues, reflecting that trading in its Ordinary Shares is restricted to dairy farmers who qualify to be shareholders through their use of LIC products and services and its co-operative company status. A copy of the waivers granted to LIC is available on LIC's NZX page, in the documents section.
Market Data
$1.210
-0.0%$171.7M
6.8x
$0.179
13.97%
+0.2%
Latest Earnings
Half Year Results 2025-26
21 January 2026
LIC reported mixed half-year results with revenue growing 5.2% to NZ$195.2M but underlying earnings declining 9.3% to NZ$36.8M due to increased enterprise system implementation costs. The company paid a significantly higher dividend of 12.22 cents, up from 5.84 cents in the prior period, despite lower earnings. Key points: Revenue growth of 5.2% to NZ$195.2 million driven by strong NZ market genetics performance; Significant dividend increase to 12.22 cents per share from 5.84 cents in prior period; Strong balance sheet with no debt and NZ$34.7M in cash
Recent Announcements
NZX Notice Pursuant to Listing Rule 3.13.1
Livestock Improvement Corporation Limited (LIC) announced the payment of 204 nil-paid ordinary shares at $1.00 per share, which were originally issued in July 2018 with unpaid amounts and have now been fully paid up as of 30 April 2026. This payment represents 0.0001% of LIC's total issued ordinary shares, bringing the total quoted ordinary shares to 141,938,809.
NZX Notice Pursuant to Listing Rule 3.13.1
Livestock Improvement Corporation Limited (LIC) has paid up 827 nil paid ordinary shares at $1.00 per share, converting them from unpaid to fully quoted ordinary shares, representing 0.0006% of the total class.
LIC Board member not seeking re-election
Duncan Coull, the Elected Director for the North Island at Livestock Improvement Corporation (NZX: LIC), has announced he will not seek re-election when his current term ends in September 2025. Coull, who joined the board in October 2023, is stepping down to reduce his governance workload and spend more time with family.
NZX Notice Pursuant to Listing Rule 3.13.1
Livestock Improvement Corporation Limited (LIC) paid up $63 on 63 nil paid ordinary shares at $1.00 per share, converting them to fully paid quoted ordinary shares representing 0.0000% of total shares outstanding.
Half Year Results 2025-26
LIC reported mixed half-year results with revenue growing 5.2% to NZ$195.2M but underlying earnings declining 9.3% to NZ$36.8M due to increased enterprise system implementation costs. The company paid a significantly higher dividend of 12.22 cents, up from 5.84 cents in the prior period, despite lower earnings. Key points: Revenue growth of 5.2% to NZ$195.2 million driven by strong NZ market genetics performance; Significant dividend increase to 12.22 cents per share from 5.84 cents in prior period; Strong balance sheet with no debt and NZ$34.7M in cash
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