Wynnstay jumps after upbeat trading update

(Sharecast News) - Agricultural products and services firm Wynnstay Group traded higher early on Monday after it said full‑year results would come in modestly ahead of market expectations. Wynnstay forecast adjusted pre‑tax profit of around £9m for the year ended 31 October, reflecting early benefits from its Project Genesis programme, while its Feed & Grain unit delivered higher profitability year‑on‑year, with stronger margins and cost control offsetting lower feed volumes.

Grain trading was constrained by a weaker harvest and low wheat prices, though integration into the unified GrainLink model was completed on schedule, while Arable profits also rose, supported by higher fertiliser sales under the Glasson brand and the opening of its new Avonmouth blending facility.

Seed sales benefited from a strong autumn grass season, while margins improved across the segment, and retail sales were broadly flat, but Wynnstay said tight cost management had lifted net margins.

Wynnstay added that restructuring costs linked to Project Genesis would total £5.4m-£5.9m, but said no further material charges were expected in FY26, and also noted that early trading in the new financial year was in line with expectations.

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 and we look forward to providing a further update on this at the time of our full year results."

As of 0930 GMT, Wynnstay shares were up 7.74% at 348p.

Reporting by Iain Gilbert at Sharecast.com