Wynnstay Group (WYN) H2 2025 earnings summary

Executive summary

• Achieved a successful first year of Project Genesis, a three-year transformation plan focused on improving financial results and operational efficiency, with key milestones delivered and integration of operations.

• Adjusted profit before tax rose 21.1% year-over-year, exceeding expectations, driven by improved margins and cost control across the group.

• Maintained a strong, asset-backed balance sheet and increased the dividend for the 22nd consecutive year, reflecting confidence in ongoing performance.

• Completed significant business restructuring, consolidating operations and leadership to create a leaner, integrated business.

• Entered year two of Project Genesis, with a clear focus on growth and operational execution, supported by the launch of Strategy Genesis.

Financial highlights

• Revenue declined 4.8% year-over-year to £583.4 million, mainly due to lower harvests and the exit of certain feed mills.

• Gross profit increased by 1.6% to £80.5 million, with gross margin percentage up in all three business segments.

• Adjusted PBT rose 21.1% to £9.2 million (from £7.6 million year-over-year); adjusted operating profit up 16.5%.

• Net cash position at year-end was £25.7 million, down from £32.8 million, reflecting investment and working capital needs.

• Full-year dividend increased by 1.7% to 17.8p.

Outlook and guidance

• Trading in the new financial year is in line with expectations, with transformation benefits continuing to flow through.

• Medium-term targets include 10% revenue and gross profit growth, 2% operating margin, and 20% EPS growth over three years.

• RONA target set at 10% in the medium term, with an ambition to reach 15% over five years.

• Strategy Genesis provides a clear framework for growth, with operational execution remaining a priority.