NWF Group plc, a specialist distributor operating in UK markets, released its audited financial results for the year ended May 31, 2024. The Group reported a solid performance, with revenue of £950.6 million, a decrease of 9.8% from the previous year. Headline operating profit was £14.2 million, down 32.4%, and headline profit before tax was £12.5 million, a decrease of 36.2%. Diluted headline earnings per share were 19.2p, down 38.7%. The Group proposed an increase in the total dividend of 3.8% to 8.1p per share. NWFs business segments, Fuels, Food, and Feeds, experienced varying results. Fuels saw a normalization of market pricing and margins, while Food performed strongly with increased storage levels and throughput. Feeds managed gross margins and operational costs effectively despite weaker milk prices. The Groups cash generation and balance sheet remained strong, with net cash of £10.0 million (excluding lease liabilities). The outlook for the Group remains positive, with a focus on growth through acquisitions, organic investment, and improvement initiatives.