Wynnstay Group (WYN) Trading Update summary

Financial performance and outlook

• Underlying trading results for the year ended 31 October 2025 are expected to be modestly ahead of market expectations, with adjusted profit before tax of approximately £9.0m.

• Project Genesis has driven improved commercial focus, pricing discipline, stronger margins, and operational efficiencies.

• Early trading in the new financial year aligns with Board expectations, supporting continued disciplined execution and targeted gains.

• Audited results for the year will be released on 9 February 2026.

Segment performance

• Feed & Grain achieved higher profitability year-on-year, with cost savings from the Twyford mill closure and expanded capacity at Carmarthen.

• Grain trading was impacted by a weak wheat harvest and low prices, but operational discipline and integration into GrainLink were completed.

• Arable profits rose, with higher fertiliser sales, improved margins, and strong seed sales.

• Retail sales were stable, with pricing control and cost management leading to better net margins.

Operational and strategic initiatives

• Project Genesis design phase and group-wide asset review are complete, with integration of trading operations and specialist feed manufacturing.

• Manufacturing and warehousing at Glasson Dock and Standon Mill have closed, streamlining operations and reducing costs.

• Non-recurring costs from these actions are estimated at £5.4m–£5.9m, with a net cash cost of £2.0m–£2.5m.

• No further material restructuring charges are expected in FY26.