Wynnstay Group Plc · LSE:WYN
Wynnstay — FY2025 Earnings Presentation
29 slides from Wynnstay's earnings presentation, February 2026
Slide 1: Growing Together: Final Results Presentation
GROWING TOGETHER Final Results Presentation For the year ended 31 October 2025
Slide 2: Presentation team
Presentation team Alk Brand – CEO Rob Thomas - CFO • Joined the Group as CEO in October 2024 • Joined the Group as CFO in October 2023 • Global CEO and Board Director with deep expertise in transformation, • Financial and commercial leader with strong expertise in capital integration and growth in c
Slide 3: Highlights
Highlights Stronger results reflecting early benefits of transformation Profit Growth Adjusted PBT up 20% year-on-year and ahead of original market expectations Operational Improved margins and cost control across the Group Performance Balance Sheet Net cash £25.7m (ex-IFRS 16); strong balance sheet
Slide 4: Highlights: Stronger results reflecting early benefits of transformation
Highlights Stronger results reflecting early benefits of transformation 2025 583.4 2025 80.5 2025 9.2 2024 613.1 2024 79.2 2024 7.6 Revenue Gross Profit Adjusted PBT £583.4m -4.8% £80.5m +1.6% £9.2m +21.1% 2025 25.7 2025 28.8 2025 17.8 2024 32.8 2024 23.8 2024 17.5 Net Cash Adjusted EPS Dividend per
Slide 5: Business overview and Genesis Update
Business overview and Genesis Update
Slide 6: The Wynnstay Business Model
The Wynnstay Business Model Our purpose is to be the supplier of choice for British farmers What makes Wynnstay An attractive investment different: A scalable, integrated UK Agricultural Platform opportunity: Unique route to market New simplified and integrated approach cost model Product portfolio
Slide 7: Wynnstay At A Glance
Wynnstay At A Glance The UK’s only integrated agricultural supplies and advice provider Scalable, integrated UK Agricultural Platform National footprint with strong regional positions 11 MANUFACTURING SITES Direct, wholesale, retail and online routes to market 51 STORES 7 Core product categories 811
Slide 8: Project Genesis: Laying the foundations for transformation
Project Genesis Laying the foundations for transformation Project Genesis: FY25 Design Phase Targets Achieved Outcomes Plan and execute integration • Simplify sales structure and align to trading regions • Leaner, integrated and more responsive • Consolidate Group wide feed and grain trading teams b
Slide 9: Project Genesis and Wynnstay Strategy Genesis
Project Genesis and Wynnstay Strategy Genesis From turnaround to growth Key areas of focus: Project Genesis • Monitor and track progress across 9 Core implementation workstreams • Continue to integrate processes, systems and phase business service functions FY26 – 27 ON-TRACK • Build on commercial d
Slide 10: Wynnstay Strategy Genesis: Three strategic pillars
Wynnstay Strategy Genesis A bold blueprint for growth built on three strategic pillars Strategic Focus Customer Centricity Operational Discipline We will concentrate our efforts on 7 core Using CRM, segmentation, and smart Through cost discipline, digital systems, and product areas where we have the
Slide 11: Strategy Genesis: Five strategic enablers
Wynnstay Strategy Genesis Implemented through five strategic enablers We are overhauling our commercial model, introducing a CRM-led, insight-driven approach to customer engagement. This enables us to A Strategic Selling grow share-of-wallet, increase price discipline, and improve sales effectivenes
Slide 12: Strategy Genesis: Medium term targets
Wynnstay Strategy Genesis Medium term targets Medium-Term Targets Revenue Growth: 10% THE TORCH Gross Profit Growth: 10% HAS BEEN LIT. Adj. Operating Margin: 2% Adj. EPS Growth: 20% STRATEGY GENESIS IS HERE. RONA >10% Double share-of-wallet Market leaders: Top 3 UK Player in all core categories Wynn
Slide 13: Financial Review
“Financial Review 5 ee sbi OO
Slide 14: Financial Review: Improved profitability and returns
Financial Review Improved profitability and returns FY25 FY24 Change % Change • Stronger financial performance underpinned by Project Genesis Revenue £m 583.4 613.1 (29.7) -4.8% • Adjusted PBT and EPS up c.21% year on year Gross profit £m 80.5 79.2 1.3 1.6% Adjusted operating profit £m1 9.2 7.9 1.3
Slide 15: Financial Review: Income Statement
Financial Review Income Statement £'000s FY25 FY24 Revenue Feed & Grain 314,704 353,264 Arable 125,637 119,705 • Adjusted PBT growth delivered despite lower Group revenue Stores 143,095 140,084 583,436 613,053 Gross Profit • Gross profit increased through mix, pricing and operational Feed & Grain 30
Slide 16: Financial Review: Balance Sheet
Financial Review Balance Sheet £’000s FY25 FY24 Tangible & intangible fixed assets 46,259 43,939 Right of use assets 17,491 16,919 • Capital discipline maintained through a year of transformation Investments in property & joint ventures 5,378 6,107 Net working capital 59,731 54,240 Loans to joint ve
Slide 17: Financial Review: Cash Flow
Financial Review Cash Flow Operating Cash Flow: +£4.9m Investing Cash Flow: -£12.0m 50.0 6.9 • Strong underlying cash generation from 45.0 9.2 improved profitability 40.0 (6.5) 1.3 4.9 35.0 (5.9) (0.2) • Working capital increased to support peak 32.8 (4.1) (0.2) trading 30.0 (5.3) Op 25.7 25.0 (2.2)
Slide 18: Financial Review: Capital Allocation Framework
Financial Review Capital Allocation Framework Investing to streamline operations, modernise the operating model and support Improved Efficiency improved returns across segments Targeted investment in capacity expansion, site modernisation and systems Organic Growth capability to unlock future Op gro
Slide 19: Business Review
Business Review
Slide 20: Business Review: Feed & Grain
Business Review Feed & Grain • Profitability improved despite lower volumes • Volumes reduced by planned exits and weaker harvest conditions • Margins strengthened through Project Genesis execution • GrainLink consolidation completed, enhancing scale and efficiency of trading platform • Carmarthen c
Slide 21: Business Review: Arable
Business Review Arable • Strong year-on-year profit recovery delivered • Blended fertiliser volumes up 14% • Avonmouth blending facility successfully commissioned • Merchanted fertiliser volumes held in competitive markets • Improved seed performance across key categories, particularly grass • Clear
Slide 22: Business Review: Stores
Business Review Stores • Resilient performance in flat trading conditions • Margins strengthened through pricing and range discipline • Costs tightly controlled across the estate • Store formats and routes to market under review • Flexible formats support targeted expansion • Capital-disciplined app
Slide 23: Summary and Outlook
Slide 24: Summary and Outlook: A stronger Wynnstay, ready for growth
Summary and Outlook A stronger Wynnstay, ready for growth Summary Outlook • Benefits of Project Genesis coming • Early FY26 trading in line with through expectations • Profitability improved • Transformation benefits continuing • Group margins strengthened to flow through • Returns improved • Operat
Slide 25: Appendix
Appendix
Slide 26: Geographic Reach
Appendix Geographic Reach Feed processing site Feed blending site Fertiliser blending site Glasson Fertilisers Head Office Seed processing site 51 Wynnstay stores Wynnstay Group Plc Final Results Presentation 31 October 2025 26
Slide 27: Segmental Track Record
Appendix Segmental Track Record 90.0 800.0 80.0 700.0 70.0 600.0 60.0 Revenue 500.0 Gross Profit 50.0 £m 400.0 £m 40.0 300.0 30.0 20.0 200.0 10.0 100.0 - 2025 - Feed & Grain Arable Stores Group Feed & Grain Arable Stores Group 2024 2023 12.0 14.0 12.0 10.0 10.0 8.0 8.0 Adjusted 6.0 RONA % PBT £m 6.0
Slide 28: Market Data
Appendix Market Data GB Milk price (p/litre) GB Deadweight lamb price (p/kg) GB Deadweight cattle price (p/kg) 60 800 900 50 700 800 600 700 40 600 500 30 500 400 400 20 300 300 200 200 10 100 100 - - - Sep-23 Sep-24 Sep-25 Jun-23 Jun-24 Jun-25 Dec-22 Dec-23 Dec-24 Mar-23 Mar-24 Mar-25 Jun-23 Jun-24
Slide 29: Market Data
Appendix Market Data UK Nitrogen fertiliser price (£/T) London wheat price (£/T) Free range egg price (p/dozen) 800 300 180 700 250 160 600 140 200 120 500 150 100 400 80 300 100 60 200 40 50 100 20 - - - Sep-23 Jun-23 Jun-24 Jun-25 Sep-24 Sep-25 Mar-23 Mar-24 Mar-25 Dec-22 Dec-23 Dec-24 Dec-25 Jun-