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 Strategy Genesis launched to support future growth.

• Adjusted profit before tax rose 21.1% year-over-year, exceeding market 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.

• Business now operates as an integrated platform across three segments: feed and grain, arable, and stores.

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 profit before tax (PBT) rose over 20% to £9.2 million from £7.6 million year-over-year.

• 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 per share.

Outlook and guidance

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

• Strategy Genesis targets 10% revenue and gross profit growth, 2% operating margin, and 20% EPS growth over three years.

• Medium-term RONA target is 10%, with an ambition to reach 15% over five years.

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