NWF Group (LSE:NWF) reported a 1.9% increase in revenue for the financial year ended 31 May 2026, with turnover rising to £920.30 million despite challenging conditions across several of its end markets.
The specialist UK distributor recorded a 3.1% increase in headline operating profit to £16.80 million. Headline earnings per share, however, declined 3.2% to £0.18. The company also reported pretax profit of £12.5 million and finished the year with net debt of £60.50 million.
The board recommended a 3.6% increase in the annual dividend, marking the 15th consecutive year of dividend growth and reflecting confidence in the group’s long-term financial resilience.
Performance across the group’s divisions was mixed. The Fuels business experienced weaker demand for heating oil during the first half, while oil price volatility in the final quarter and continued uncertainty linked to the Middle East conflict created additional challenges for the division.
The Food division delivered a stronger performance, supported by higher customer demand, improved warehouse utilisation and ongoing operational efficiencies. Meanwhile, the Feeds business maintained stable profitability, as solid trading in the first half offset the impact of lower milk prices and softer market conditions during the latter part of the financial year.
Looking ahead, NWF expects trading in the current financial year to be broadly in line with the performance achieved in FY2026. Management also reaffirmed its strategy of driving long-term growth through acquisitions, targeted capital investment and continuous operational improvements.
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