UK's Nichols prelim 2025 group revenue rises on UK packaged growth

Nichols

11/03/2026 07:16

Overview

UK soft drinks group's preliminary 2025 group revenue rose 1.3%, driven by UK Packaged growth

Adjusted operating profit climbed 9.9% as cost management improved margins

Company proposed a higher final ordinary dividend

Outlook

Nichols says trading in 2026 to-date has been positive and in line with its expectations

Company intends to reduce dividend cover to 1.5x adjusted earnings during 2026

Nichols expects timing difference in working capital to unwind in H1 2026

Result Drivers

UK PACKAGED GROWTH - Co said UK Packaged revenue rose 3.1%, driven by new product innovation and expanded distribution

INTERNATIONAL CONCENTRATE MODEL - Shift to a margin-enhancing concentrate model in Africa improved margins

COST MANAGEMENT & ERP SYSTEM - Gross margin improvement attributed to disciplined cost management and efficiencies from new ERP system

Company press release: ID:nRSK1303Wa

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
FY Revenue
GBP 175.10 mln
FY Adjusted Pretax Profit
GBP 33.60 mln
FY Basic EPS
GBP 0.59
FY EBITDA
GBP 29.40 mln
FY Free Cash Flow
GBP 13.80 mln
FY Pretax Profit
GBP 29.20 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the non-alcoholic beverages peer group is "buy"

Wall Street's median 12-month price target for Nichols PLC is GBp1,460.00, about 60.4% above its March 10 closing price of GBp910.00

The stock recently traded at 13 times the next 12-month earnings vs. a P/E of 14 three months ago

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)