REG - Wynnstay Group PLC - AGM Statement

WynnstayAnnouncement

Today 07:00

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RNS Number : 7763X  Wynnstay Group PLC  24 March 2026

24 March 2026

AIM: WYN

 

Wynnstay Group plc

("Wynnstay" or "the Group" or "the Company")

Agricultural supplies and services group

 

AGM Statement

 

Wynnstay Group plc, the agricultural supplies and services group, will be
holding its Annual General Meeting today and Steve Ellwood, Chairman, will
make the following statement on current trading.

 

"Group trading over the first four months of the financial year has been in
line with the Board's expectations and is ahead of the same period last year.

 

"The Group now enters its key spring trading period, which will be important
in shaping full year performance. Market conditions remain mixed, with
stronger farmgate prices in some sectors, including beef, offset by softer
conditions in others, particularly dairy and cereal crops. Global commodity
markets have become more volatile since the start of March.

 

"Strategy Genesis continues to progress in line with our plan, and we are
encouraged by the early benefits now evident in both margin improvement and
cost reduction across the business.

 

"Within Feed & Grain, performance is ahead of the prior year. As expected,
feed volumes are lower, reflecting the planned exit from poultry production at
Twyford and the closure of specialist bird feed operations at Glasson Dock.
However, this has been more than offset by improved gross margins and the
delivery of cost savings following the restructuring completed last year. The
integration of the GrainLink raw material trading operations has resulted in a
more efficient, lower cost trading platform, with improved margins and a
materially stronger level of profitability year-on-year. The benefits of this
integration continue to be realised.

 

"The Arable division has traded strongly, reflecting a solid first quarter in
fertiliser, with higher year-on-year volumes and strong trading from our
Avonmouth blending facility, which is performing in line with expectations.
The division has also benefitted from the realisation of a long stock position
in a rising and volatile market during March, influenced by events in the
Middle East. We expect this momentum to continue into April and May as stock
positions are worked through. Performance in the second half is also likely to
be impacted with, in particular, the challenge of rebuilding stock positions
in a rising and uncertain commodity environment. The outturn will depend
largely on the duration of the conflict in the Middle East, any disruption to
supply routes such as the Strait of Hormuz and broader movements in global
commodity pricing.

 

"Stores have seen softer sales transaction levels compared with the prior
year, resulting in performance being behind last year. As part of Strategy
Genesis, we are implementing plans to improve store efficiency and margins.

 

"While there remains a risk of cost inflation, including fuel and other
inputs, arising from ongoing geopolitical uncertainty, the Board does not
currently expect a material adverse impact on the Group and maintains its full
year expectations.

 

"The Group's strong balance sheet and cash generation continue to provide
resilience, supporting both working capital requirements in a volatile
commodity environment and the ongoing investment in capacity and efficiency
under Strategy Genesis.

 

"As previously announced, I will be stepping down as Chairman at the
conclusion of today's AGM, having served on the Board for ten years. It has
been a privilege to serve the Company during this time, and I would like to
thank my fellow Board members, the executive team and colleagues across the
Group for their support and commitment. I am delighted to pass the Chair role
over to Steven Esom, whose deep industry experience and strong leadership
track record will be hugely beneficial in supporting the Executive team as
they deliver on Strategy Genesis."

 

For more information on Wynnstay please visit https://www.wynnstayplc.co.uk/
(https://protect.checkpoint.com/v2/r02/___https:/www.wynnstayplc.co.uk/___.YXAxZTpzaG9yZWNhcDpjOm86ZWM5ZTM5YTQxZWJiZGI1MWQxNmEyODZlMjk1ZjA3Y2M6NzpmM2M2OjRiMDRkZWJkMDNmMmYyMGYwMjM1MWI2ZDdhYTAyYTUxMmMxY2U4MDhmOTMzY2JlNmRmNDY5ZmVlOTUyODBlMjg6cDpGOk4)
, or contact:

 

 Wynnstay Group plc:

 Alk Brand, Chief Executive Officer               Via Tavistock

 Rob Thomas, Chief Financial Officer

 Financial and Corporate communications:

 Tavistock                                        wynnstay@tavistock.co.uk

 Nick Dibden, Katie Hopkins, Grace Cooper         +44 (0) 207 920 3150

 Nomad and Broker:

 Shore Capital                                    +44 (0) 20 7408 4090

 Stephane Auton/Tom Knibbs (Corporate Advisory)

 Henry Willcocks (Corporate Broking)

 

Notes to Editors:

Wynnstay Group plc is a leading UK supplier of agricultural products and
services, supporting farmers and rural communities nationwide. Founded in 1917
as a farmers' co-operative and listed on AIM since 2004, Wynnstay combines
heritage with innovation to deliver sustainable growth.

 

The Group's operations span feed manufacturing, arable inputs, grain marketing
and a nationwide retail network, making us a trusted partner for British
agriculture. In 2025, we launched Wynnstay Strategy Genesis, a five-year plan
focused on growth, efficiency, and long-term value creation.

 

 

 

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