REG-Next 15 Group plc Trading Statement

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Trading Statement

 

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 FY26(1). 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-denominated

As 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:                                  
                                                                           
 Next 15 Group plc                                                         
 Mickey Kalifa, Chief Financial Officer               +44 (0)7584 236 999  
                                                                           
 Deutsche Numis (Nomad & Joint Broker)                +44 (0)20 7260 1000  
 Mark Lander                                                               
 Hugo Rubinstein                                                           
                                                                           
 Berenberg (Joint Broker)                             +44 (0)20 3207 7800  
 
                                                    
                    
 
Ben Wright                                          
                    
 
                                                    
                    
 
Mark Whitmore                                       
                    
 
                                                    
                    
 
                                                    
                    
 
                                                    
                    
 
Brunswick – for media enquiries                     
                    
 
                                                    
                    
 
Paul Durman                                         
+44 (0)7793 522824  
 
                                                    
                    
 
Imran Jina                                          
+44 (0)7587 037076  
 
                                                    
                    
 
                                                    
                    
 
                                                    
                    
 
MHP Group – for investor enquiries                  
                    
 Oliver Hughes                                        +44 (0)7885 224532   
 
                                                    
                    
 
Eleni Menikou                                       
+44 (0)7701 308818  
 
                                                    
                    
 
Veronica Farah                                      
                    
                                                                           

 ____________________________                                                                                                   
 (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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Next 15 Group plc


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