Earnings release
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CLOSE THIS WINDOW 01/15/2025 RNS Number : 3327TGenus PLC15 January 2025 15 January 2025 Genus plc ("Genus" or the "Group") Half Year Trading Update - Ahead of expectations Genus (LSE: GNS), a leading global animal genetics company, publishes the following unaudited trading update forthe six months ended 31 December 2024. Genus performed strongly in the first half of FY25 and the Board expects to report Group adjusted profit before taxof at least £35m in actual currency, which is ahead of expectations. Since the Group's AGM trading update inNovember, ABS has continued to deliver in line with expectations, with adjusted operating profit growth drivenprimarily by Value Acceleration Programme initiatives. PIC has traded ahead of expectations as a result of greatervolume and adjusted operating profit growth in both the Americas and Asia. The regulatory process in relation to the Group's innovative PRRS Resistant Pig programme continues to progresswith both the U.S. Food and Drug Administration and other international regulators. The Board now expects Group FY25 adjusted profit before tax to be at the top-end of the range of marketexpectations in actual currency. This includes an expected currency headwind of £8m to £9m in the 2025 financialyear, as previously indicated. Genus will announce its interim results for the six month period from 1 July 2024 to 31 December 2024 on 27February 2025. For further information please contact: Genus plc Tel: +44 125 634 5970 Jorgen Kokke, Chief Executive Officer Alison Henriksen, Chief Financial Officer Anand Date, Investor Relations & Sustainability Director Burson Buchanan Tel: +44 207 466 5000 Charles Ryland; Toto Berger; Sophie Wills; Verity Parker This announcement contains inside information for the purposes of article 7 of the Market Abuse Regulation (EU)596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 ("MAR"), andis disclosed in accordance with the Company's obligations under Article 17 of MAR. The person responsible formaking this announcement on behalf of the Group is Vaughn Walton (Company Secretary). About Genus Genus is a world-leading animal genetics company. Genus creates advances in animal breeding and geneticimprovement by applying biotechnology and sells added value products for livestock farming and food producers.Its technology is applicable across livestock species and is currently commercialised by Genus in the dairy, beef andpork food production sectors. Genus's worldwide sales are made in over seventy-five countries under the trademarks 'ABS' (dairy and beef cattle)and 'PIC' (pigs) and comprise semen, embryos and breeding animals with superior genetics to those animalscurrently in farms. Genus's customers' animals produce offspring with greater production efficiency, and quality,and use these to supply the global dairy and meat supply chains. The Group's competitive edge has been created from the ownership and control of proprietary lines of breedinganimals, the biotechnology used to improve them and its global supply chain, technical service and sales anddistribution network. With headquarters in Basingstoke, United Kingdom, Genus companies operate in over twenty-five countries on sixcontinents, with research laboratories located in Madison, Wisconsin, USA. Porcine Reproductive and Respiratory Syndrome The company compiled consensus range for FY25 adjusted profit before tax in actual currency is £63.0m to£67.4m with an average of £64.1m. This is based upon 8 analyst estimates 1 2 3 1 2 3 1/7/26, 3:23 PM Genus plc - Half Year Trading Update – Ahead of expectations https://genus2024eutfm.q4web.com/news/news-details/2025/Half-Year-Trading-Update--Ahead-of-expectations/default.aspx 1/2
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The expected currency headwind of £8m to £9m for FY25 assumes that foreign exchange rates at 9 January 2025continue for the remainder of the fiscal year This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a PrimaryInformation Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, pleasecontact rns@lseg.com or visit www.rns.com. RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in thiscommunication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS andthe London Stock Exchange use the personal data you provide us, please see our Privacy Policy. END TSTSFFFULEISEDF CLOSE THIS WINDOW 3 1/7/26, 3:23 PM Genus plc - Half Year Trading Update – Ahead of expectations https://genus2024eutfm.q4web.com/news/news-details/2025/Half-Year-Trading-Update--Ahead-of-expectations/default.aspx 2/2