UK's NWF half-year revenue falls 4.3% on lower oil prices

NWF

03/02/2026 07:11

Overview

UK distributor's half-year revenue fell 4.3% yr/yr due to lower oil prices

Headline operating profit down 40% as Fuels segment posts operating loss

Food and Feeds segments show improved performance amid cost restructuring

Outlook

NWF expects domestic heating oil demand to normalize through winter months

Company maintains full-year expectations despite competitive commercial fuel market

NWF focuses on organic growth and disciplined acquisitions for future development

Result Drivers

FUEL DEMAND DECLINE - Suppressed market demand for domestic heating oil and commercial gas oil led to operating loss in Fuels segment

FOOD SEGMENT GROWTH - Increased stock levels and higher pallet throughput, along with cost restructuring, boosted Food segment's operating profit

FEEDS SEGMENT IMPROVEMENT - Effective margin and cost management, along with new moist feed product line, enhanced Feeds segment's performance

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
H1 Revenue
GBP 434.60 mln
H1 EPS
GBP 0.01
H1 EBIT
GBP 3 mln
H1 Net Debt
GBP 61.10 mln
H1 Pretax Profit
GBP 900,000


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the oil & gas refining and marketing peer group is "buy"

Wall Street's median 12-month price target for NWF Group PLC is GBp241.50, about 78.9% above its February 2 closing price of GBp135.00

The stock recently traded at 7 times the next 12-month earnings vs. a P/E of 9 three months ago

Press Release: ID:nRSC4058Ra

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)