Openfield Group Limited has reported its results to 30 June 2025.

Against a backdrop of yet another challenging Harvest for 2024, which once again saw weather intervene to frustrate on farm efforts, the British farmer-owned grain marketing and arable inputs co-operative has reported a profit of £50,000 for the year to 30 June 2025 (2024: Profit £0.8m). This was achieved despite the low harvest volumes which presented real challenges for the Group as they inevitably generated less margin across lower volumes.

This performance demonstrates a strong result as Openfield benefited from the Group’s past restructures and profit improvement plans. These were designed and implemented to ensure that they can withstand low volume years and to ensure continued sustainability of their performance in very challenging markets.

Commenting on its performance, Openfield’s chairman Philip Moody said: “During low volume harvests we refuse the temptation to trade generally to replace reduced volumes, as we know that to do so would deflect us from focussing entirely on our members’ interests. This behaviour emphasises value to Openfield and to our members for their unswerving commitment to us, which is and always will be, the bedrock of a successful co-operative.”

Looking forwards, Openfield is relentlessly focussed on its duty and responsibility to support the co-operative movement and wider farming industry. It will do everything in its power to help their members face into those challenges. Openfield recognises that co-operatives should work together more widely and where possible, identify opportunities to pool their respective resources. By combining collective strengths and working together and being focussed entirely on the farmer, without the need to seek to generate profit for external shareholders, they will continue to differentiate co-operatives from the commercial sector.

Openfield performance to June 2025
Profit before tax of £50,000 (£0.8m in 2024);
Operating costs reduced by 5.6% to £13.5 (2023 £14.3 million);
Group revenues reduced by 13.7% to £479m (2024: 555m);
Net assets (exc. pension fund) increased to £29.3m (2024: £29.2m)
Total exported volumes were 196,000 tonnes (2024: 244,000 tonnes).