Full Year Results 2023-24

Full Year Results 2023-24 Livestock Improvement Corporation (NZX: LIC) is pleased to present its full year results for the year ended 31 May 2024. Summary of financials*: • Total Revenue: $267.3 million, down 3.3% from $276.5 million last year • Net Profit After Tax (NPAT): $7.7 million, down 71.7% from $27.4 million last year • Underlying Earnings: $13.9 million, down 41.6% from $23.7 million last year • Dividend: $8.3 million – 5.84 cents per share, representing 60% of Underlying Earnings. This is in addition to the $18.5m Special Dividend paid earlier this year of 13 cents per share. • Total assets: $358.6 million, down 6.2% from $382.3 million last year • Strong balance sheet with no debt at year-end * Please view downloads for more information Contact: Shareholder enquiries: shareregistry@lic.co.nz or phone 0800 542 742 Media enquiries: Steph Slattery (LIC Communications Manager): steph.slattery@lic.co.nz, phone 027 256 2057