26th Jun 2025 07:00
Next 15 Group plc
(“Next 15” or the “Group”)
AGM trading update
Next 15 (AIM:NFG), the tech and data driven growth consultancy, today provides an update on trading for the four-month period ended 31 May 2025 (the ‘Period’), ahead of its AGM being held today.
Revenue for the year is expected to be broadly in-line with market expectations for FY261. This includes strong performances from brands such as Transform and SMG.
However, despite the resilient revenue performance, there are a number of adverse factors affecting the Group’s profit margin and outlook for the year, including:
Most significantly, following the 25th June announcement relating to potential serious misconduct concerning Mach49, we now expect a lower conversion of opportunities within this brand’s pipeline Further investment in new capabilities including talent, products and AI Adverse movements in the dollar rate, with over 50% of the Group’s revenues being dollar-denominatedAs a result, the Group now believes that profit for FY26 will be materially below current year expectations.
Next 15 continues to make good progress with its simplification strategy, which remains a priority for the Group. Consolidation of the Group’s B2B tech marketing businesses is progressing well, with the combined entity expected to go to market under a new brand later this year. The Group also completed the sale of its PE-focused consultancy, Palladium, earlier this month.
The Group continues to invest in developing tools and services that harness emerging technologies, and its businesses are increasingly well placed to support customers as developments evolve at pace.
For further information, please contact: |
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Next 15 Group plc |
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Mickey Kalifa, Chief Financial Officer | +44 (0)7584 236 999 | |||||
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Deutsche Numis (Nomad & Joint Broker) | +44 (0)20 7260 1000 | |||||
Mark Lander |
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Hugo Rubinstein |
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Berenberg (Joint Broker) Ben Wright Mark Whitmore
Brunswick – for media enquiries Paul Durman Imran Jina
MHP Group – for investor enquiries | +44 (0)20 3207 7800
+44 (0)7793 522824 +44 (0)7587 037076
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Oliver Hughes Eleni Menikou Veronica Farah | +44 (0)7885 224532 +44 (0)7701 308818
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| 1 Market expectations compiled by the Company for FY26 are net revenue of £491.7m and adjusted operating profit of £80.5m |
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