REG - Naked Wines PLC - AGM Trading Update

Naked WinesAnnouncement

Yesterday 07:00

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RNS Number : 7332X  Naked Wines PLC  03 September 2025

Naked Wines Plc

("Naked Wines" or "the Company")

 

AGM Trading Update

 

Ahead of the Company's AGM being held later today, the Board is pleased to
announce that trading to date in the current financial year, FY26, continues
to be in line with the Company's communicated FY26 Guidance. This Guidance
indicates progressive growth in adj. EBITDA (excluding inventory liquidation
and assoc. costs) and further cash generation compared with FY25.

 

The share buyback programme launched last month to deliver value to
shareholders is progressing well, with approximately £1.7 million of the £2
million maximum aggregate consideration completed thus far, at prices well
below the Board's view of intrinsic value.

 

The Company will announce HY26 results for the six months ended 30 September
2025 in early December 2025, at which point it will detail further updates on
progress towards delivering the key priorities in the New Strategic Plan as
announced end of March 2025.

 

 

For further information, please contact:

 

 Naked Wines                                                                                     IR@nakedwines.com (mailto:IR@nakedwines.com)
 plc

 Rodrigo Maza, Chief Executive Officer

 Dominic Neary, Chief Financial Officer

 Catherine Miles / Libby Bundock

 Investec (Nomad & Joint Broker)                                                                 Tel: 0207 597 5970

 David Flin

 Panmure Liberum (Joint Broker)                                                                  Tel: 0203 100 2222

 Ed Thomas / John More / Dru Danford

 Vigo Consulting (Financial PR)                                                                  Tel: 0207 390 0230

 Guy Scarborough / Damian Reece / Tim McCall

 

 

About Naked Wines

 

Naked Wines (https://www.nakedwines.co.uk/)  is not just an online wine
retailer; we're trailblazers on a mission to enable enthusiastic wine drinkers
to enjoy great wine without the guesswork.

Founded in 2008, on the pillars of quality, choice and fair pricing, we set
out to create the most inclusive wine club in the world - dedicated to
transforming the wine-buying experience and empowering people to make their
own wine choices, and championing world-class independent winemakers. We've
proudly been delivering outstanding wines to our customers (who we call
Angels) for over 16 years.

 

Our business model is simple yet innovative: Naked Wines funds the production
costs for winemakers upfront, allowing them to focus on creating exceptional
wines without the financial burdens of traditional wine production, while
passing the resulting savings back to our customers.

 

The virtuous circle is a win-win for both wine lovers and winemakers, and
enables us to deliver superior benefits to our customers:

 

- Better quality wine

- More choice

- Personalised wine recommendations

- Elimination of guesswork and uncertainty

- Fair payments for all involved

 

Our Angel customers in the UK, US and Australia have direct access to over 300
world-class independent winemakers and over 2,500 quality wines from 23
countries.

 

For more information visit nakedwinesplc.co.uk
(https://www.nakedwinesplc.co.uk/)  and nakedwines.co.uk
(http://nakedwines.co.uk/)  or find us @nakedwines
(https://www.instagram.com/nakedwines)

 

 

Notes to Editors:

 

FY26 Guidance(1) (as communicated within the FY25 Results published on 5
August):

 

 KPI                                                                     FY26 (Guidance)                                                                FY25 (Reported)
 Revenue                                                                 £200m to £216m                                                                 £250.2m
 Adjusted EBITDA(2) (excl. inventory liquidation and associated costs)   £5.5m to £7.5m                                                                 £6.7m
 Net cash (excl. lease liabilities)(3 & 4)                               £35m to £39m                                                                   £30.1m
 Inventory liquidations and associated costs(5)                          £12m of inventory liquidation cost over the Medium Term (further FY26 update   £6.5m
                                                                         in December 2025 at the time of the HY26 results)

 

1.    This guidance has been provided based on constant FX rates of 1 GBP
= 1.35 USD and 2.00 AUD

2.    As highlighted in March 2025, implementing the £15m of FY26 savings
results in a likely £2-£3m exceptional cost in FY26

3.    Net cash (excl. lease liabilities); the amount of cash we are
holding less borrowings at year end excluding lease liabilities.

4.    Net cash guidance includes an assumed £2m distribution in calendar
year 2025

5.    Medium Term Inventory liquidation and associated costs to speed
up cash delivery, including bulk and cased goods, excess overhead absorption
and associated storage costs

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