Wynnstay Group has described its results for the year to 31 October as a “strong operational and financial performance”, as it beat profit expectations.

The agricultural supplies and services group reported a 21% increase in profit before tax, which totalled £9.2m. This exceeded expectations of £9m, which had been upgraded from £8.5m in December.

Wynnstay said the performance was driven by early, tangible benefits from the group’s operating changes, including improved pricing and product mix execution, strong margins and tighter cost control.

In the year to 31 October, its operating profit also jumped by 16.5% to £9.2m.

However, Wynnstay recorded a 4.8% decrease in revenue, which totalled £583.4m. The firm said this was primarily due to lower manufacturing costs feed and traded feed raw material, as well as lower grain prices following another weak UK harvest.

The final results come as the firm announced a five-year growth plan, Wynnstay Strategy Genesis, which builds on the next phase of its strategic and financial progress. Through this plan, it will aim to accelerate growth, enhance returns and strengthen its market position.

Chairman at Wynnstay, Steve Ellwood, who is stepping down from the role next month, said: "FY25 has been a year of significant progress for Wynnstay, with a stronger underlying performance and clear early benefits from the operating changes delivered during the year.

"The business enters FY26 in a materially strengthened position, with a robust balance sheet, and a clearer platform for growth under Wynnstay Strategy Genesis."

In its outlook, the group said that its early trading in the current financial year is in line with the board’s expectations, and it remains focused on delivering further margin, cost and efficiency gains.

Furthermore, it stated that it is building on the initial stabilisation and integration of Project Genesis into its newly launched five-year plan, supported a stronger operating platform, clear investment priorities and a robust balance sheet.

Chief executive officer at Wynnstay, Alk Brand, concluded: "We enter FY26 with a clear strategy, strong operational capability and a robust balance sheet. Trading in the early part of the new financial year is in line with the Board's expectations, and we look forward with confidence as we progress into Wynnstay Strategy Genesis and pursue sustainable growth and improved returns."

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