Livestock Improvement Corporation Limited engages in the development, production and marketing of artificial breeding, genetics, farm software, and herd testing services in the dairy industry. It operates through NZ Market Genetics, Herd Testing, Farm Software, and Diagnostics segments. The NZ Market Genetics segment provides bovine genetic breeding materials and related services to dairy farmers. The Herd Testing segment offers herd testing and animal recording services for pastoral farmers. The Farm Software segment provides data recording, tags, and farm management information services. The Diagnostics segment provides DNA and animal health testing services. The company operates in New Zealand, Australia, Ireland, the United Kingdom, and internationally. Livestock Improvement Corporation Limited was founded in 1909 and is headquartered in Hamilton, New Zealand.

Livestock Improvement Corporation Limited

LIC provides services related to animal genetics and health, focusing on dairy cattle. Its offerings include herd testing, artificial breeding, and genomic evaluations, helping farmers improve their herd's productivity and genetic quality.

Livestock Improvement Corporation (LIC) | 13,345 followers on LinkedIn. There&#39;s always room for improvement | LIC is an agritech and herd improvement co-operative which empowers livestock farmers through the delivery of superior genetics and technology. 

Headquartered at Newstead, Hamilton, we’ve got more than 800 staff based around New Zealand with offices also located in the United Kingdom, Ireland and Australia.

We believe there’s always room for improvement and are one of New Zealand’s largest private investors in Research &amp; Development, at more than 5% of revenue – well above the 1% NZ primary sector average.

Sophie Haslem

Non Executive Director - MAICD | CTO | CDO | Executive - Customer, Technology, Revenue | Tech For Good NZ

Hamish Rumbold

Rotorua based primary industries professional with 30-years research, communication and business ownership experience. Father of three, lifestyle…

Paul Charteris

Programme Delivery Lead at Livestock Improvement Corporation (LIC)

Javier Zaya

Livestock Improvement Corporation (LIC)

Either side of labour weekend is the peak of the season here at LIC, and from the bottom to the top of the country everyone is busy as ever with mating! In the Waikato our Newstead loading bay is full of traffic, as our semen straws start their journey around New Zealand. With over 520 AB Technicians working across the country, and that number reaching 800 at the end of the year we’re working hard to get semen straws out to our farmers. We can't deliver the services we do without every cog of the wheel, so we're awfully proud of everyone that contributes to our peak season at LIC. 👏💙

Last week, we hosted a Ugandan delegation at our Newstead, Hamilton headquarters. The delegation was interested in learning about how we are embarking on a project to breed heat tolerant and disease resistant dairy cows for Sub-Saharan Africa, funded by the Bill and Melinda Gates Foundation. 🧬 Our International Dairy Development Manager Jason Schrier provided an overview of the project, and they were extremely interested in furthering the conversation. Jason has been invited to Uganda in January to meet with senior government officials and discuss the finer points of the project and how it could potentially benefit Uganda dairy farmers. Read more about the Sub-Saharan Africa developments here: https://lnkd.in/gVyBRRcF

Recently two of our amazing Senior Agri Managers, Charlotte Gray and Rosanna Dickson joined Sheryl Haitana and Sarah Perriam-Lampp on The Dairy Exporter Podcast to chat about how we can use MINDA as a tool for understanding what makes an efficient cow. They also discussed how farmers can get the best out of their best cows, the potential limitations of herd data, and ways of measuring efficiency. 📊⭐🐮 “Within MINDA there’s custom reports so farmers can rank cows by any trait of interest, there’s existing ones like MINDA milk for example but it’s about pulling it together with your Agri Manager to enable the forecasting aspect. The data of the herd today isn’t always going to be the most efficient herd of tomorrow”. Listen in to the full podcast: https://lnkd.in/ggZCEHHj

This Monday, LIC Agri Manager, Tamara Finlay had one of the hardest tasks of her week - judging the ‘dress-up parade’ at Orini Combined School's Calf Club Day! 🐮🎩 Each year LIC supports Calf Club and Pet Days throughout New Zealand by distributing merchandise packs to schools that register their event on the LIC website. The winners get to wear a ‘LIC Winner’ ribbon, while also scoring themselves a pack with sports gear, hats and pens! For decades, LIC has been proud to support local communities, bringing rural neighbours, staff, friends, parents and children together.

Today is International Day of Rural Women, so we're taking a moment to celebrate and recognise the hard-working wāhine across New Zealand's dairy sector and shine a spotlight on the valuable role they play to help our industry survive, and thrive! 👏👩🌾 Here's to all of the farm owners, managers, sharemilkers, AB technicians, herd testers, scientists, farm consultants and more who contribute to the success of our industry every single day.

Applications for our AB Technician training programme for the 2025 season are now open! 🐄 📋 We're offering hands-on learning and the opportunity to work closely with animals, this is a great chance to get stuck into a rewarding career in the dairy sector. If this sounds like someone you know, get in touch. https://lnkd.in/g5_YpzJW

#SayHelloTo Tim Beere, our National Artificial Breeding Manager! Tim is responsible for making sure our Artificial Breeding (AB) operations run smoothly from start to finish across the country. Tim grew up on a farm near Cambridge, in a place called Kairangi. Having a rural background led him to a role at PGG Wrightson, where he started on the mail desk and worked his way around the business, quickly becoming the Cambridge Agency Manager at just 21. Tim has a diverse working background outside of the rural industry, he’s found himself working for Disney in London, as well as teaching water skiing in Southern Italy, while most recently working in the residential construction industry for GJ Gardener Homes. When he thought about his next career step, he discussed it with his wife and agreed that his happiest times were in the rural industry. So, like he’d thrown it out into the universe, a role at LIC had popped up. “I saw LIC and thought, hey, fantastic company, great brand, really meaningful work. The role that I am in is a chunky role and very operations focused, which I really enjoy – so it all wound up perfect.” A big part of Tim’s role is spending time with his region managers to understand what’s happening on the ground as the AB technicians visit thousands of LIC farmers across the country and feeding back intel to the rest of the business. “I make sure I'm communicating it to the right people in the business. So, who needs to know what?” Tim joined LIC this year in March and loves to admit that he’s learning something new every day. “I'm just surrounded by subject matter experts - ‘oracles’ as I call them. You know, absolute Jedis, so for me, I love it. I love it because I am really extended and every day I come in, every week I come in, I just learn a little bit more.” Outside of work, Tim is the father of three girls, a private pilot (helicopter) and is the founder of the Blublokes charity, aiming to promote the early detection and prevention of prostate cancer. As well as the inspiring work he does outside of his career, Tim is a true people person and thrives off positive people connection. At LIC we are proud to have people like Tim delivering value for farmers every day.

We’re proud to support Dairy Women’s Network! Join us online on Tuesday, October 22 for an engaging session with Paul Charteris, our Beef Genetics Product Manager. Discover what beef bulls will work best for your dairy farm, as we help you make the right decisions for your future. 🐂🌳

We’re looking for a motivated and relationship-driven individual with a passion for agri-tech solutions to join our MINDA Integrations team as a Product Specialist! Your primary focus will be managing day-to-day business relationships with our Integration Partners, whether that is our Agri-tech firms or farm consumables providers. The ability to develop a strong understanding of our partners’ needs and position in the market is crucial in this role. 🤝 If this sounds like you, and you’re excited by the opportunity to shape the future of dairy farming, we’d love to hear from you. Applications close October the 1st

We’re excited to announce a new collaboration with cattle breeding co-operative VikingGenetics, based in Europe. 📍🐄 The collaboration involves exchanging sexed semen which allows us to identify new bloodlines that perform well in our unique farming environments, while still holding the renowned Jersey cow ability to convert feed into milk at a high efficiency. 🧬📈 “This forward-thinking solution will create stronger genetic connections between the Nordic and New Zealand Jersey populations and reduce the risk of inbreeding. We look forward to being able to offer more genetic diversity to our New Zealand Jersey herds in the coming years,” said LIC Chief Scientist Richard Spelman.

	May '14	May '15	May '16	May '17	May '18	May '19	May '20	May '22	May '23	May '23	May '24
revenue	207.42M -	228.38M 10.11%	205.06M 10.21%	203.53M 0.75%	236.42M 16.16%	246.54M 4.28%	240.93M 2.28%	263.18M 9.23%	276.51M 5.06%	268.03M 3.07%	259.11M 3.33%
cost of revenue	120.54M -	133.42M 10.68%	130.44M 2.23%	117.76M 9.72%	134.08M 13.86%	137.20M 2.32%	133.94M 2.38%	153.53M 14.63%	165.58M 7.85%	188.70M 13.96%	185.06M 1.93%
gross profit	86.88M -	94.97M 9.31%	74.61M 21.43%	85.77M 14.95%	102.34M 19.32%	109.34M 6.85%	107.00M 2.15%	109.65M 2.48%	110.93M 1.16%	79.33M 28.48%	74.05M 6.66%
selling and marketing expenses			-56.80M -	-53.71M 5.44%	-65.09M 21.18%	-59.10M 9.21%	-70.83M 19.86%
general and administrative expenses			92.99M -	89.36M 3.91%	98.94M 10.73%	100.75M 1.83%	103.89M 3.12%
selling general and administrative expenses			36.19M -	35.65M 1.51%	33.85M 5.02%	41.65M 23.04%	33.06M 20.63%			38.28M -	39.30M 2.67%
research and development expenses	14.96M -	16.87M 12.77%	16.89M 0.11%	13.94M 17.46%	13.25M 5.01%	13.62M 2.85%	14.84M 8.95%	18.18M 22.50%	18.58M 2.16%	18.58M 0%	21.21M 14.20%
other expenses			6.30M -	4.43M 29.64%	38K 99.14%	3.18M 8,263.16%	-7.22M 327.19%
cost and expenses	182.86M -	206.59M 12.98%	207.52M 0.45%	170.79M 17.70%	221.47M 29.67%	216.10M 2.43%	215.93M 0.08%	250.28M 15.91%	240.66M 3.84%	245.55M 2.03%	245.58M 0.01%
operating expenses	62.32M -	73.17M 17.42%	77.07M 5.32%	53.03M 31.20%	87.39M 64.80%	78.90M 9.71%	81.99M 3.91%	96.75M 18.00%	75.08M 22.40%	56.85M 24.28%	60.52M 6.44%
interest expense			1.83M -	1.48M 19.21%	1.30M 12.13%	336K 74.09%	484K 44.05%
ebitda	33.45M -	30.39M 9.14%	13.53M 55.48%	19.43M 43.58%	34.97M 79.99%	34.84M 0.35%	37.06M 6.37%	42.14M 13.70%	40.19M 4.63%	45.59M 13.44%	37.58M 17.58%
operating income	24.83M -	20.33M 18.11%	2.08M 89.75%	9.81M 370.73%	26.98M 175.03%	27.26M 1.05%	32.22M 18.19%	33.37M 3.56%	30.95M 7.24%	22.48M 27.38%	13.53M 39.79%
depreciation and amortization	8.62M -	10.06M 16.67%	11.45M 13.82%	9.62M 15.98%	7.99M 16.96%	7.58M 5.11%	4.84M 36.17%	8.77M 81.27%	9.24M 5.34%	23.12M 150.28%	24.05M 4.03%
total other income expenses net	312K -	894K 186.54%	-6.07M 779.42%	20.69M 440.60%	-13.33M 164.42%	2.84M 121.32%	-7.70M 371.08%	-20.75M 169.33%	5.04M 124.31%	13.52M 168.06%	249K 98.16%
income before tax	25.14M -	21.23M 15.57%	-3.99M 118.80%	30.50M 864.36%	13.65M 55.24%	30.11M 120.52%	24.52M 18.55%	12.62M 48.52%	36.00M 185.19%	36.00M 0%	13.78M 61.72%
income tax expense	7.09M -	7.56M 6.54%	24K 99.68%	9.70M 40,308.33%	4.39M 54.76%	7.94M 80.90%	3.46M 56.34%	2M 42.28%	8.65M 332.35%	8.65M 0%	6.05M 30.06%
net income	18.05M -	13.84M 23.32%	-3.95M 128.57%	20.57M 620.31%	9.27M 54.95%	22.17M 139.29%	17.49M 21.12%	10.62M 39.25%	27.35M 157.48%	27.35M 0%	7.73M 71.72%
weighted average shs out	118.12M -	118.12M 0%	118.12M 0%	118.12M 0%	132.36M 12.06%	137.92M 4.20%	142.34M 3.21%	140.65M 1.19%	143.96M 2.35%	142.34M 1.12%	142.34M 0%
weighted average shs out dil	118.12M -	118.12M 0.00%	118.12M 0.00%	118.86M 0.63%	132.36M 11.36%	137.92M 4.20%	142.34M 3.21%	140.65M 1.19%	143.96M 2.35%	142.34M 1.12%	142.34M 0%
eps	0.15 -	0.12 20%	-0.03 127.92%	0.18 637.31%	0.07 61.11%	0.16 128.57%	0.12 25.00%	0.08 37.08%	0.19 151.66%	0.19 0%	0.05 71.42%
epsdiluted	0.15 -	0.12 20%	-0.03 127.92%	0.18 637.31%	0.07 61.11%	0.16 128.57%	0.12 25.00%	0.08 37.08%	0.19 151.66%	0.19 0%	0.05 71.42%

LIC

NZ:CO:LIC

LIC

Last Close

0.95

25/11 02:54

Market Cap

169.54M

Beta: -

Volume Today

30K

Avg: -

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