Wynnstay Group PLC (LSE:WYN) reported a stronger first-half financial performance, with adjusted operating profit rising nearly 10% to £5.80 million despite revenue remaining broadly unchanged at £304.10 million. The agricultural supplies group said the improvement was driven by its Project Genesis transformation programme, which delivered greater operational efficiency, lower costs and enhanced commercial performance across the business.
Adjusted earnings per share increased 15.5% during the period, while net income reached £4.93 million. Gross profit totalled £42.30 million, operating profit was £6.10 million and profit before tax came in at £6.20 million. On an adjusted basis, pretax profit was £6 million. Within the group’s operating divisions, Feed & Grain benefited from stronger margins, the integration of the GrainLink trading platform and the closure of underperforming operations. Meanwhile, the Arable division was supported by higher volumes of manufactured fertiliser and improved performance from the Avonmouth blending facility.
Reflecting improved cash generation and a stronger balance sheet, Wynnstay increased its interim dividend. The company said trading in the second half has begun in line with board expectations and reiterated that it expects full-year results to meet current market forecasts while improving on fiscal year 2025. Management also highlighted a healthy fertiliser order book and continued operational progress as positive indicators for the remainder of the year.
More about Wynnstay Group PLC
Wynnstay Group PLC is a UK-based agricultural supplies business serving farmers and rural enterprises across England and Wales. The company provides a broad range of products and services, including animal feed, grain marketing, fertiliser, seed, crop protection products and specialist agricultural advice, operating through its Feed & Grain and Arable divisions.
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