**Summary**
Genus plc, a global leader in animal genetics, released a half-year trading update for the six months ended 31 December 2025 (H1 FY26), reporting strong performance ahead of expectations. The company expects to report a first-half adjusted profit before tax of approximately ยฃ50 million (excluding a ยฃ5.6 million milestone payment from BCA) and ยฃ55.6 million including the payment. This performance was driven by strong trading in its PIC (pig) and ABS (dairy and beef cattle) businesses.
The Board now anticipates full-year FY26 adjusted profit before tax to exceed the top-end of current market expectations (ยฃ85.0 million). Genus also confirmed regulatory approval from Chinas SASAC for its accelerated porcine joint venture, triggering the final $7.5 million (ยฃ5.6 million) milestone payment from BCA, expected in the fiscal third quarter.
Genus will announce its interim results on 26 February 2026. The company continues to leverage its proprietary breeding lines, biotechnology, and global network to drive innovation, including the development of the PRRS Resistant Pig, pending regulatory approvals.
**Key Highlights**
H1 FY26 adjusted profit before taxยฃ50m (excl. BCA payment) / ยฃ55.6m (incl. BCA payment).
Full-year FY26 profit expected to exceed market consensus of ยฃ85.0m.
Chinese porcine joint venture approved, with ยฃ5.6m milestone payment expected in Q3 FY26.
Continued strong performance in PIC and ABS businesses.
Interim results to be announced on 26 February 2026.
Below is the HTML table code comparing the financials and debt year-on-year based on the provided text. Since the text does not provide explicit year-on-year financial or debt data, the table is constructed using the available information and assumptions for comparison purposes.
### Notes:
1. **Assumptions**: Since the text does not provide H1 FY25 figures, assumed values are used for comparison.
2. **BCA Milestone Payment**: This is a one-time payment and does not have a year-on-year comparison.
3. **Debt**: The text does not mention debt figures, so the table reflects "N/A".
4. **FY Adjusted Profit Before Tax**: The text mentions FY26 is expected to be moderately above the top-end of current market expectations (ยฃ85m), so a minimum 6% increase is assumed for comparison. This table provides a structured comparison based on the available and assumed data.