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Genus PLC on Wednesday said it expects full-year profit to be ‘modestly ahead’ of the midpoint of current market expectations as it hailed a ‘strong start’ to the year from pig sales. Shares in Genus climbed 7.8% to 2,560.00 pence on Wednesday morning in London. The Basingstoke, England animal biotechnology and genetics company said every region achieved royalty revenue and adjusted operating profit growth for PIC, its trademark for pigs, in the four months ended October 31. For the 2026 financial year, the current consensus estimate range for actual currency adjusted pretax profit is £77.6 million to £85.0 million. This represents an average midpoint of £80.5 million, which Genus expects to be ‘modestly ahead of.’ In financial 2025, Genus reported an adjusted pretax profit of £74.3 million. Genus noted PIC performed ‘particularly well’ in China, with ‘strong’ royalty revenue growth a key driver. The company said adjusted operating profit for ABS, the trademark for dairy and beef cattle, was ‘slightly lower than expected due to phasing’. It expects an improvement in performance in the second half of the year. Chief Executive Jorgen Kokke said: ‘Genus has made a strong start to the year with PIC continuing to demonstrate its robust growth model. ABS profit performance has been slightly lower than expected but we expect stronger performance in the second half. We look forward to the rest of the year with confidence.’ Copyright 2025 Alliance News Ltd. All Rights Reserved.
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