REG - Naked Wines PLC - Post-Close Trading Update

Naked WinesAnnouncement

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RNS Number : 2379I  Naked Wines PLC  20 November 2025

20 November 2025

 

Naked Wines plc

('Naked Wines' or 'the Company')

 

Post-Close Trading Update

 

Naked Wines is pleased to provide a post-close trading update (unaudited)
ahead of announcing its half year results for the 26 weeks to 29 September
2025 ('HY26') on 9 December 2025.

 

Since the Company's last Trading Update at the time of the AGM in September
2025, performance has continued to be in line with the Company's communicated
FY26 guidance (reiterated below). HY26 (unaudited) delivered significant
progress, including improvements in Adjusted EBITDA and margin, cash
generation and delivery against the KPIs set out in the new Strategic Plan
articulated in March 2025.

 

The Company also successfully completed its first share buyback programme of a
total £2 million consideration on 11 September 2025, which the Board believes
has increased intrinsic value per share for all remaining shareholders.

 

The Company will host a presentation via the Investor Meet Company platform on
the morning of the HY26 results, 9 December 2025 at 10am UK-time. The
presentation is open to all existing and potential shareholders. Questions can
be submitted pre-event via your Investor Meet Company dashboard up until 9am
UK-time on 8 December 2025, or at any time during the presentation.

 

Investors can sign up to Investor Meet Company for free and add to meet Naked
Wines plc via:

 

https://www.investormeetcompany.com/naked-wines-plc/register-investor
(https://www.investormeetcompany.com/naked-wines-plc/register-investor)

 

Investors who already follow Naked Wines plc on the Investor Meet Company
platform will automatically be invited. A recording of the event will also be
made available on the Results section of the Company's investor
website www.nakedwinesplc.co.uk (http://www.nakedwinesplc.co.uk/)  shortly
after.

 

FY26 guidance(1): (reiterated, as communicated within the FY25 Results
published on 5 August 2025)

 

 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
                                                                          on 9 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 the £2m distribution via the share
buyback programme 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

 

For further information, please contact:

 

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

 Rodrigo Maza, CEO

 Dominic Neary, CFO

 Catherine Miles / Libby Bundock

 Panmure Liberum (NOMAD & Broker)              Tel: 0203 100 2222

 Ed Thomas / John More / Dru Danford

 Vigo Consulting (Financial PR)                Tel: 0207 390 0230

 Tim McCall / Damian Reece / Guy Scarborough

About Naked Wines:

 

Naked Wines 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 and nakedwines.co.uk or find
us @nakedwines

 

 

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