Wynnstay Group interim results for the six months ended 30 April 2026 showed adjusted profit before taxation rising 11.7% to £6.0m, with the agricultural supplies group’s shares trading at 360p against an estimated fair value of 600p. The £82.3m-capitalised business, listed on the London Stock Exchange as WYN, is yielding 5.1% and trading on a price-to-earnings multiple of 11.4 times.
The half-year figures were published on 29 June 2026, following notice of the results date given on 9 June, according to the London Stock Exchange announcement.
Wynnstay Group Interim Results: Profit Recovery Continues Under Project Genesis
The H1 2026 adjusted profit before tax of £6.0m compares with £5.4m in H1 2025 and represents a 59% increase on the £3.8m recorded in H1 2024, according to the Wynnstay Group interim results RNS on Investegate.
The improvement comes under the group’s ‘Project Genesis’ strategic programme, which has driven margin gains and operational efficiencies across the business.
Adjusted operating profit rose 9.7% to £5.8m from £5.2m in the prior-year half, supported by a stronger performance in the Feed and Grain division.
The board said the interim figures provide confidence in the group’s ability to deliver full-year results in line with current market expectations, with Project Genesis underpinning improved profitability and stronger cash generation.
Valuation Gap and Share Price Context
At 360p, WYN shares sit at a discount of 40% to the 600p-a-share valuation cited by analyst Mark Watson-Mitchell. The stock closed at 350p in the most recent available data from FT Markets, which notes prices are delayed by at least 20 minutes. That 350p level is approximately 9.4% above the 52-week low of 320p recorded on 30 April 2026.
The 5.1% dividend yield and 11.4 times earnings multiple reflect a market capitalisation of £82.3m, a figure well below the implied valuation if the 600p target were reached.
For the full year ended October 2025, Wynnstay reported adjusted profit before tax of £9.2m, up from £7.6m in 2024, according to Wynnstay Group final results covered by James Sharp. Full-year adjusted operating profit was also £9.2m, compared with £7.9m a year earlier.
The H1 2026 adjusted profit before tax of £6.0m already represents 65% of the full-year 2025 total of £9.2m, placing the group well within reach of a further year-on-year improvement if the second half holds.
Business Background
Wynnstay describes itself as the leading integrated partner to UK agriculture, supplying livestock and arable farmers with feed, grain, seed, and crop inputs across Wales and England.
The group positions itself as a sustainable food supply chain partner, with its balance sheet described as robust and its cash generation characterised as good. Both points underpin the board’s confidence in meeting full-year market expectations.
The board will hold an investor presentation alongside the interim results publication, as flagged in its June notice to the market.
The next binary event for investors is the full-year outcome for the period ending October 2026: whether the H2 2026 contribution is sufficient to push full-year adjusted profit materially above the £9.2m posted in 2025 will be the figure to watch when finals are published early next year.
