Trading Statement
Next 15 Group plc anticipates its financial year ending 31 January 2026 will be in line with market expectations, with net revenue of £450m and adjusted operating profit of £66.6m, driven by strong trading in its Transform and M Booth Health businesses, including a significant technology and data contract. The company is experiencing increased new business opportunities and cost efficiencies due to its unified strategy and simplification efforts. Looking ahead to FY27, Next 15 is confident in delivering like-for-like revenue growth and improved operating profit and margin, despite a modest £4m to £6m growth investment, and may pursue further business divestments.
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Next 15 Group plc (“Next 15” or the “Group”), the data-led growth consultancy, today provides an update on trading for the financial year ending 31 January 2026 (“FY26”), ahead of its Capital Markets Day later today.
FY26 performance is anticipated to be in-line with market expectations*, underpinned by robust trading results through the final weeks of 2025.
We approach the conclusion of our financial year with strong trading performances in several businesses across the Group. We have seen a continuation of the exceptional performance in our Transform business, which continues to forge ahead of prior year, being appointed to the new Tech Services 4 Framework and winning, in collaboration through partner i10, its largest ever single delivery contract in December - a 4-year technology & data call-off contract for the Department for Education. Additionally, M Booth Health experienced significant growth in the second half of the year, which is expected to continue into FY27, driven by new client wins, including a leading global healthcare company.
Furthermore, we are seeing an increase in new business opportunities across the Group, with numerous cross-selling prospects and cost efficiencies emerging as a direct result of our progression towards a more unified group strategy. Performance also reflects actions taken during the year to simplify the Group, and focus investment on businesses and capabilities aligned to long-term growth trends in data, technology and AI.
Looking ahead to FY27, the Group remains confident in delivering like-for-like revenue growth and a further improvement in operating profit and margin, before the impact of modest growth investment of between £4m and £6m, partially offset by cost efficiencies. Full details of this investment, with associated KPIs, will be set out at today’s Capital Markets Day, together with further detail on the Group’s strategy, operating model and medium-term priorities and objectives.
Our confidence in the outlook for FY27 is underpinned by the Group’s sustained strategic focus on higher-growth segments. We will continue the simplification of the group initiated in FY26, with potential further business divestments during FY27.
To register for access to the Capital Markets Day webcast, please email Next15@mhpgroup.com
*Market expectations compiled by the Company for FY26 are net revenue of £450m and adjusted operating profit of £66.6m.
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