Next 15 Group

NFG · AIM · Media · mcap £320m · 310.0p

Next 15 owns marketing, data and technology consultancies that advise and run campaigns for large clients, especially in tech. It is selling or closing weaker businesses to focus on a smaller core group.

Target	Promise	Said	Status
2025
2025	Launch new AI-powered B2B tech marketing business.	30 Jan 2025	✗ Missed · target changed
	“we also expect to launch our new B2B tech marketing business” Result Replaced in June 2025 by plan to consolidate existing B2B tech marketing businesses under a new brand. “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.”26 Jun 2025 · Trading Statement
2026
end of FY26	Cease Mach49 operations before the end of FY26.	28 Aug 2025	✓ Kept
	“The Group anticipates that Mach49 will cease operations prior to the end of the FY26 financial year.” Also stated 30 Sep 2025 Result FY26 results and later notes refer only to the Mach49 arbitration legacy, implying operations have ended. “Commenced the winding-down of the operations of Mach49, expected to be completed by year-end.”30 Sep 2025 · Half-year Results “Mach49 has been fully wound down and is now reported as a discontinued operation.”7 May 2026 · Final Results
FY26	Full year FY26 performance in line with market expectations.	30 Sep 2025	✗ Missed · target changed
	“The Group expects performance for the full year to be in line with market expectations” Result Expectations were cut in June 2025, and FY26 results were then in line with the lowered expectations. “The Group delivered financial performance in FY26 in line with expectations despite a challenging macro environment and a period of significant structural change.”7 May 2026 · Final Results “Net revenue was £448.8m and adjusted operating profit £67.6m, with margins proving resilient at 15.1%”7 May 2026 · Final Results
Today · 10 Oct 2026
2027
end of FY27	Deliver like-for-like revenue and operating profit growth in FY27.	28 Jan 2026	… In progress
	“the Board expects the Group to deliver LFL revenue growth for the full year” Also stated 7 May 2026 · 8 Jul 2026 · 8 Oct 2026 Status so far Not yet due.
FY27	Conclude the Mach49 arbitration, with a ruling expected within FY27.	7 May 2026	… In progress
	“The outcome of the arbitration, which is expected to be known within the next 12 months” Also stated 8 Oct 2026 Status so far Not yet due.