NWF Group PLC
LSE:NWF
NWF Group PLC
NWF Group Plc engages in the agricultural business. The company is headquartered in Nantwich, Cheshire and currently employs 1,278 full-time employees. The firm operates through three segments: Fuels, Food and Feeds. Its Fuels segment is engaged in the sale and distribution of domestic heating, industrial and road fuels. Its Food segment is engaged in the warehousing and distribution of client's ambient grocery and other products to supermarkets and other retail distribution centers. Its Feeds segment is engaged in the manufacture and sale of animal feeds and other agricultural products. The firm operates through its subsidiaries, which include NWF Agriculture Holdings Limited, NWF Distribution Holdings Limited, NWF Fuels Holdings Limited, NWF Agriculture Limited, New Breed (UK) Limited and Boughey Distribution Limited.
NWF Group Plc engages in the agricultural business. The company is headquartered in Nantwich, Cheshire and currently employs 1,278 full-time employees. The firm operates through three segments: Fuels, Food and Feeds. Its Fuels segment is engaged in the sale and distribution of domestic heating, industrial and road fuels. Its Food segment is engaged in the warehousing and distribution of client's ambient grocery and other products to supermarkets and other retail distribution centers. Its Feeds segment is engaged in the manufacture and sale of animal feeds and other agricultural products. The firm operates through its subsidiaries, which include NWF Agriculture Holdings Limited, NWF Distribution Holdings Limited, NWF Fuels Holdings Limited, NWF Agriculture Limited, New Breed (UK) Limited and Boughey Distribution Limited.
Fuels Weakness: Challenging market conditions in Fuels drove significant declines in volume and margins, with heating oil demand down 16% and gas oil down 6% year-on-year.
Food & Feeds Strength: Both Food and Feeds segments delivered strong performances, with Food operating profit up 32% and Feeds operating profit up nearly 63%.
Revenue & Profit: Group revenue declined by just over 4%, and headline operating profit fell by GBP 2 million to GBP 3 million, mainly due to Fuels.
Dividend Maintained: The interim dividend is unchanged at 1p per share, continuing a 14-year record of annual dividend growth.
Strategic Progress: National rollout of a new Fuels operating model was completed, and Food is targeting national expansion through acquisitions and partnerships.
Outlook Stable: Board expectations for the full year remain unchanged, with confidence that Fuels demand will revert to the mean and continued momentum in Food and Feeds.
