Wynnstay (LSE:WYN) delivered a stronger underlying performance for the year ended 31 October 2025, with adjusted profit before tax rising 21.1% to £9.2m despite a 4.8% decline in revenue to £583.4m. Improved margins, tighter cost control and benefits from the group’s Project Genesis transformation helped offset weaker feed and grain volumes linked to challenging UK harvest conditions.
Gross profit increased slightly to £80.5m, while the balance sheet remained solid with net cash of £25.7m at year end. The board also approved a higher dividend for the 22nd consecutive year, reinforcing Wynnstay’s long-standing commitment to shareholder returns. Operationally, profit growth was recorded across the Feed & Grain, Arable and Stores divisions.
During the year, the group completed the design phase of Project Genesis and unveiled a new five-year growth roadmap, Wynnstay Strategy Genesis. The plan focuses on targeted capacity investment, enhanced customer propositions and improved returns, building on a leaner and more efficient operating platform.
Governance changes are also planned, with Chairman Steve Ellwood set to step down at the March 2026 AGM. He will be succeeded by Senior Independent Director Steven Esom, ensuring continuity as the company moves into its next phase of development.
Overall, Wynnstay’s outlook is supported by a stable financial position and strong cash generation, balanced against softer revenue trends and mixed profitability metrics. Technical indicators suggest a broadly neutral share price trend, while valuation is underpinned by an attractive dividend yield. Limited recent earnings call detail and corporate activity restrict additional near-term visibility.
More about Wynnstay
Wynnstay Group plc is a UK-based agricultural supplies and services company supporting livestock and arable farmers nationwide. The group operates across feed and grain trading, arable inputs such as fertiliser, and a network of rural retail stores, providing broad exposure to core UK farming markets and agricultural input supply chains.

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