# Genus expects FY26 profit ahead of consensus after stronger second half

- Link: https://www.directorstalkinterviews.com/genus-expects-fy26-profit-ahead-of-consensus-after-stronger-second-half/4121256299
- Published: 2026-07-14T07:41:36+01:00
- Author: Ethan Davis

**Genus Plc** (LON:GNS) has said trading in the second half was better than anticipated,
with PIC delivering a strong performance as growth in Asia (including China) and
Latin America more than offset weaker performance in North America due to customer
disease challenges.

ABS also achieved double-digit profit growth with continued benefits from the Value
Acceleration Programme offsetting softer customer demand and adverse product mix
driven by lower global dairy prices.

As a result, the Group now anticipates FY26 results to be moderately ahead of market
consensus^(1) with adjusted profit before tax of approximately £98m in actual currency,
including the final £5.6m milestone payment received earlier in the year from the
Group’s Chinese partner, Beijing Capital Agribusiness (“BCA”).

Cash conversion in the second half was very strong, resulting in significant growth
in FY26 free cash flow generation. In fiscal Q4, the Group also received approximately
£111m of net cash consideration from BCA following successful formation of the Chinese
porcine joint venture earlier in the year. As a result, year-end net leverage will
be significantly reduced to approximately 0.4x.

Genus is well placed as it enters FY27 with a substantially strengthened balance
sheet and continued focus on delivering its strategic priorities. The Group will
announce its FY26 preliminary results on 10 September 2026.

Share on: