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Animalcare Group

March 2026

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

Ahead of a Capital Markets Day on 4 March, Animalcare’s preclose update for FY25 said sales will be £89.1m with EBITDA growing c50% to £17.4m. The standout driver was the Randlab acquisition whose high-margin Equine portfolio provided a significant boost to both top and bottom lines. Several brands within Companion Animal grew double digits, but we know from previous statements that Conofite in Spain was withdrawn from the market and was a drag on divisional sales. Production Animal returned to single digit growth. The development pipeline remains interesting – with new products in registration – but the market has limited enthusiasm for that alone. and it really awaits more M&A. Tipped last May at 235p, hold for that. ...

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With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

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