# Livestock Improvement Corporation Limited (NZX:LIC)

**Exchange:** NZX (XNZE)
**Sector:** Financials
**ISIN:** NZLICE0001S1
**LEI:** 213800UT27KUW184K104
**Financial year-end:** June

## Overview

Livestock Improvement Corporation is a farmer-owned genetics and herd improvement cooperative providing dairy bull semen, herd testing, farm automation, and genetic services to dairy farmers across New Zealand and internationally.

## Market

- **Last close:** NZ$1.20 (2026-06-12)
- **Market cap:** NZ$141.9M (2026-06-12)

## Latest annual results (FY2025)

- **Revenue:** NZ$295.0M
- **Net profit:** NZ$30.6M
- **EPS:** 15c
- **Total assets:** NZ$392.0M
- **Total equity:** NZ$298.4M
- **Net margin:** 10.4%
- **Return on equity:** 10.3%
- **Debt-to-equity:** 0.31

All figures sourced from the company's most recent annual report. Monetary values in New Zealand dollars.

## Latest dividend

- **Ex-date:** null
- **Amount:** 39.16c per share (NZD)

## Governance

- **Governance Risk Score (NZXplorer methodology):** 45.52 — Poor (calculated 2026-06-11T16:02:32.376+00:00)
- **Board size:** 11 directors, 91% independent
- **Chair:** [Corrigan Sowman](https://nzxplorer.co.nz/people/corrigan-sowman)
- **CEO:** David Chin (Chief Executive)

### Board of directors (11)

- [Corrigan Sowman](https://nzxplorer.co.nz/people/corrigan-sowman) — Chair
- [Alison Watters](https://nzxplorer.co.nz/people/alison-watters) — Independent
- [Antony Coltman](https://nzxplorer.co.nz/people/antony-coltman) — Independent
- [Ben Dickie](https://nzxplorer.co.nz/people/ben-dickie) — Independent
- [Blair O'Keeffe](https://nzxplorer.co.nz/people/blair-o-keeffe) — Independent
- [Duncan Coull](https://nzxplorer.co.nz/people/duncan-coull) — Independent
- [Hamish Rumbold](https://nzxplorer.co.nz/people/hamish-rumbold) — Independent
- [Michael O'Connor](https://nzxplorer.co.nz/people/michael-o-connor) — Independent
- [Nicola Shadbolt](https://nzxplorer.co.nz/people/nicola-shadbolt) — Independent
- [Sophie Haslem](https://nzxplorer.co.nz/people/sophie-haslem) — Independent
- [Victoria Trayner](https://nzxplorer.co.nz/people/victoria-trayner) — Independent

## Latest NZX announcement

- **NZX Notice Pursuant to Listing Rule 3.13.1** (2026-04-30, SECISSUE)
- Source: https://www.nzx.com/announcements/471825

## Data freshness

- Share price: as of 2026-06-12
- Financials: FY2025 annual results
- Governance Risk Score: calculated 2026-06-11
- Board roster: current appointments as of 2026-06-14
- Latest announcement: 2026-04-30

## More data

- Company page: https://nzxplorer.co.nz/companies/livestock-improvement
- Structured facts (JSON): https://nzxplorer.co.nz/api/v1/companies/LIC/facts.json
- Full detail API: https://nzxplorer.co.nz/api/v1/companies/LIC?include=all
- Company website: http://www.lic.co.nz/
- NZX page: https://www.nzx.com/companies/LIC

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Published by [NZXplorer](https://nzxplorer.co.nz). Canonical: https://nzxplorer.co.nz/companies/livestock-improvement. Data licence: CC BY 4.0 with attribution to NZXplorer + NZX as primary disclosure source. Generated 2026-06-14T10:48:19.610Z.