Jorgen Kokke
Chief Executive Officer & Executive Director
Welcome, everybody, to the Genus FY ’26 results. It’s bright and early. Thank you very much for joining us in person and also to those of you that are connecting via the conference call. It’s a pleasure to see you this morning. My name is Jorgen Kokke, and I am the Genus CEO.
This has been an excellent first half for the group. And I want to start by thanking all of my colleagues for their hard work and dedication in making this possible. We’ve delivered strong profits alongside substantial strategic progress. We’re executing well against our priorities in both PIC and in ABS while taking important steps to strengthen our long-term growth platform.
I now want to point you to the customary disclaimer before I’ll start summarizing the key highlights from H1 and before our Chief Financial Officer, Andy Russell, takes you through the numbers in more detail.
Starting then with the highlights. The first half was strong across the group. We delivered record first half profit driven by PIC growth and further benefits from the Value Acceleration Programme, or VAP, in ABS. Making sure we turn our profits into cash is, of course, critical. And I’m delighted that free cash flow generation remained very solid compared to last year’s record inflow.
