1st Dec 2025 11:37
(Alliance News) - Wynnstay Group PLC on Monday said restructuring efforts are feeding through to improved margins and operational efficiencies.
As a result, the Powys, Wales-based agricultural supplies and services company estimated underlying adjusted pretax profit of around GBP9.0 million in the financial year that ended October 31, "modestly ahead" of current market expectations which it put at GBP8.5 million.
"The performance reflects the early, tangible benefits of 'project genesis', which is sharpening commercial focus, improving pricing discipline, strengthening margins and driving operational efficiencies across the group," Wynnstay said in a statement.
Project genesis is Wynnstay's three-year programme to establish a more "efficient operating model to drive higher margins, profits and cash generation and to support the wider growth plans".
Shares were up 4.2% to 336.70 pence each in London on Monday morning.
The Feed & Grain business delivered higher year-on-year profitability with lower feed volumes offset by stronger margins and firm cost control.
Arable profits increased year-on-year, while Stores division like-for-like retail sales were broadly unchanged.
Chief Executive Alk Brand said: "The group has delivered a strong performance for the year with tangible benefits of Project Genesis already materialising. This provides a strong platform for us to continue to invest in the business, supporting our long-term growth ambitions."
Trading in the second half to date has been in line with management expectations and Wynnstay said it remains "on track" to deliver a stronger full-year performance compared to financial 2024, in line with market expectations.
By Jeremy Cutler, Alliance News reporter
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