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LIC chief executive David Chin says the co-op remains focused on delivering long-term productivity gains for farmers.
Herd improvement company LIC has posted a 5.2% lift in half-year revenue, thanks to increasing demand for genetics.
For the six months ending November 30, 2025, LIC's revenue topped $195 million, compared to $185m for the same period in 2024.
Underlying earnings reached $36.8m, up 9.3%. However, net profit after tax (NPAT) was down 13.5% to $33.8m.
Chief executive David Chin says increasing demand for sexed semen, animal health services and GeneMark Genomics reflects the increasing focus of farmers on genetic gain and their continued confidence in LIC's products and services.
"We're seeing encouraging growth in areas that matter most to our farmers," he says.
"As a generational co-operative we remain focused on delivering long-term productivity gains for farmers and supporting sustainable genetic progress for the New Zealand dairy herd."
He pointed out that NPAT was lower than the prior year, primarily due to the absence of last year's bull team revaluation gain and the costs incurred within the period for the multi-year investment to replace older technology and customer-facing systems.
LIC chair Corrigan Sowman says while system investment has impacted short-term profitability, it positions LIC well for the future by improving resilience, capability and farmer experience.
"The co-operative's balance sheet remains strong, allowing us to invest into technology and infrastructure to support delivery of our future business strategy, to help farmer breed better cows faster."
LIC NZ operates four key business segments"
NZ market genetics business generated $116m in revenue, herd testing $36m, farm software $28m and international business $7m.
Livestock Improvement Corporation (LIC) and the Ag Emissions Centre have completed the latest phase of a mult-year methane research project, providing important insight into the role genetics may play in reducing gross emissions.
Farm software outfit Trev has released new integrations with LIC, giving farmers a more connected view of animal performance across the season and turning routine data capture into actionable farm intelligence.
According to the New Zealand Dairy Statistics 2024/25 report, New Zealand dairy farmers are achieving more with fewer cows.
The number of beef straws going into dairy cows is on the increase, according to LIC beef genetics product lead Paul Charteris.
LIC chief executive David Chin says meeting the revised methane reduction targets will rely on practical science, smart technology, and genuine collaboration across the sector.
Bay of Plenty leader and General Manager of Te Tawa Kaiti Lands Trust, Hinehou Timutimu, has been announced as the 2026 Fonterra Dairy Woman of the Year.
A large-scale modern orchard development in coastal Mid-Canterbury is expected to eventually produce 116 million apples a year from 900,000 trees while also becoming a significant employer for the region.
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A firm belief in the agricultural sector has kept the PGG Wrightson business going for 175 years, says chief executive Stephen Guerin.
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