Marise Winthrop
Private Bag 3016 Hamilton

Livestock Improvement Corporation Limited (NS) Analysis


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.


The following information was extracted from Livestock Improvement Corporation Limited's half year results, released 24 January 2024:

Summary of financials:

  • Total Revenue from Continuing Operations: down 3.0% at $171.9 million.
  • Net Profit After Tax (NPAT) from Continuing Operations: $29.0 million, down 13.0% from the same period last year.
  • Underlying Earnings forecast range at year-end: $17-22 million, being unchanged from the market update in August 2023.

Disclaimer: This section is provided as general information only. It is not intended as a substitute for legal or professional advice to company directors and officers or investors. NZX Limited disclaims any liability arising from the use of this information.