Next 15 Group PLC on Tuesday reported decreases in revenue and profit, with customers ‘still determining’ the impact of tariff policies, but remains ‘confident about the medium-term prospects’.
The London-based business growth consultant said pretax profit for the year ended January 31 totalled £62.5 million, down 22% from £80.3 million.
Revenue decreased 0.7% to £729.8 million from £734.7 million, while net cash generated from operations declined 8.5% to £96.1 million from £105.0 million.
Operating profit dropped 27% to £56.6 million from £77.1 million, and diluted earnings per share fell 25% to 37.9 pence from 50.3p.
Next 15 kept its final dividend unchanged on-year at 10.6p, and the total payout unchanged at 15.35p.
‘We note that markets are reacting strongly to the trade war,’ commented Chief Executive Officer Tim Dyson. ‘As of today, our customers are still determining the impact on their businesses. We anticipate this to be non-linear and strongly dependent on supply chains. We also anticipate that, as during Covid, some customers will increase their spend in a bid to drive sales, while others are more conservative.
‘While we have not seen any notable change to our trading, either positive or negative, we are taking a cautious view given the market volatility and uncertainty over the impacts a trade war may have.
‘However, we continue to invest thoughtfully and focus on strategic improvements to the group. As a result, we remain confident about the medium-term prospects for our business.’
In financial 2026 so far, Next 15 said trading is ‘broadly in line with management expectations’ and ‘continues to be resilient’.
However, it noted that ‘the loss of the significant Mach49 contract will have a material adverse impact on our FY26 financial performance’.
‘We also note that sterling has recently strengthened against the US dollar,’ Next 15 added. ‘Should this continue, this will lead to further headwinds in the current financial year.’
Shares in Next 15 were trading 14% lower at 225.27p on Tuesday afternoon in London.
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