York-based international firm Animalcare Group plc said its 2024 revenues from continuing operations increased 4.9% to £74.2 million “with sales growth delivered across all three product categories” as reported profit before tax rose to £5.8 million  from £3.3 million.

Full year dividend will be 5p, in line with the prior year.

“Acquisition of Australia-based Randlab in January 2025 for £59.7m transforms the company’s position in the attractive Equine sector and opens new routes to Asia Pacific markets for the group’s existing product portfolio,” said the company.

“Post year end, Randlab is performing in line with management expectations …

“Sale of equity interests in ldenticare and STEM enhances deal-making capacity, paving the way for the Randlab transaction …”

Animalcare Group CEO Jenny Winter said: “This has been a solid year of delivery for Animalcare, characterised by a positive organic trading performance and culminating in the exciting acquisition of Randlab post year end, providing a transformational boost to the execution of our long-term growth strategy.

“Revenues increased across all three of our product categories as investment in our people and the effectiveness of our operations continued to yield benefits.

“Strong cash generation, underpinned by the disposal of non-core assets and the proceeds of the successful equity raise, maintained our balance sheet firepower, enabling us to continue the pursuit of organic and inorganic growth opportunities.”