FY25 Trading Update

19 August 2025 

 Applied Nutrition plc

(the "Group")

FY25 Trading Update and FY26 Outlook

FY251 results ahead of market expectations2: revenue up c.24% and adjusted EBITDA3 up c.19% year-on-year

Applied Nutrition plc, a leading sports nutrition, health and wellness brand, today announces an update on trading for the financial year ending 31 July 20251 and outlook for the financial year ending 31 July 20264.

FY251 Trading Update

Driven by strong second-half trading (approximately £60m of revenue), Group revenue is expected to be ahead of market expectations2, with revenue up 24% year-on-year to approximately £107 million (FY24: £86 million) and adjusted EBITDA3 up approximately 19% year-on-year (FY24: £26m). Net cash (excluding IFRS 16 liabilities) at the end of period is also expected to be ahead of market expectations2 at approximately £18.5 million.

The results for FY25 were achieved by the continued delivery of the Group's multi-pillar, global growth strategy.

FY26 Outlook4

Following the strong recent trading and supported by the strategic progress, the Group now expects revenue for the financial year ending 31 July 2026 to be ahead of current market expectations2.

The Board remains confident that the Group's core strengths, including its B2B-focused business model, breadth of high-quality products and industry leading new product development, will continue to drive sustained revenue growth and strong profitability over the long-term.

Notice of Results

The Group expects to release its results for the year ended 31 July 2025 on, or around, 10 November 2025.

Thomas Ryder, CEO of Applied Nutrition, said:

"We are proud to report that we have exceeded the guidance we gave at our IPO, with our first full-year results expected to come in ahead of market expectations. Our focus and ambition remain as strong as ever - in delivering for our shareholders, customers and team - and we are excited about the opportunities we have in the pipeline for the year ahead."

Notes:

1 All figures used in this announcement relating to FY25 remain subject to audit.

2 Consensus market expectations for FY25 and FY26 before today were:

3 Adjusted EBITDA excludes exceptional items. The only exceptional items are expected to relate to the Group's Initial Public Offering ("IPO") during FY25.

4 This announcement contains certain forward-looking statements. By their nature, forward looking statements involve a number of risks, uncertainties or assumptions that could cause actual results or events to differ materially from those expressed or implied by those statements. Forward looking statements regarding past trends or activities should not be taken as representation that such trends or activities will continue in the future. Accordingly undue reliance should not be placed on forward looking statements.

For further information please contact:

This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation. The person responsible for arranging the release of this announcement on behalf of Applied Nutrition is Joe Pollard, Chief Financial Officer.

Notes to editors

Applied Nutrition plc (LSE: APN) is a leading sports nutrition, health and wellness brand, which formulates and creates nutrition products with a stated aim of being the world's most trusted and innovative brand in the market.

Headquartered in the UK, the Group sells products in over 85 countries worldwide and has a diverse product range, targeting elite athletes, gym goers and health-conscious consumers. Applied Nutrition has developed and launched four ranges under the umbrella of the Applied Nutrition brand - Applied Nutrition, ABE, BodyFuel, and Endurance. Across the four ranges, the Group sells over 100 different products.

Applied Nutrition's growth is fuelled by a market-leading product portfolio, created and largely manufactured in-house at its Knowsley, Liverpool headquarters by a team of industry experts. This end-to-end capability allows the Group to innovate at speed, refresh and enhance existing products and introduce new offerings that anticipate and respond to the latest consumer trends.

Applied Nutrition largely operates a global business-to-business (B2B) model, which has facilitated a low risk, highly cost-effective go-to-market strategy and has enabled strong, profitable growth in the UK, Europe and other international geographies. The business model and strategy has enabled the Group to become a fast-growing, highly profitable and cash generative global supplier in the sports nutrition, health and wellness market.

For further information, please visit www.appliednutritionplc.com