Nichols

NICL · AIM · Food, Beverage and Tobacco · mcap £396m · 1085.0p

Beta Briefing, track record and bull & bear case are not ready for Nichols yet.

We follow 817 UK small caps and every one of their announcements – often hundreds per company. 34 companies are already wired into a briefing: browse them.

Financials · LTM to 30 Jun 26

Source: results 29 Jul 26 ↗

Revenue: £179m
Operating profit: £31.0m
Net income: £24.0m
Free cash flow: £15.5m
Net cash: £66.2m
Market cap: £397m
EV / EBIT: 10.7×
FCF yield: +3.9%
Price / book: 4.0×

Latest half-year · H1 26 vs H1 25 results 29 Jul 26 ↗

Revenue: £89.5m
Operating profit: £14.1m
Net income: £11.1m
Cash from operations: £17.3m

Extracted automatically from the company's results announcements; check the source before relying on a figure. Not investment advice.

Income statement Cash flow Balance sheet

Annual Half-yearly

Latest report: H1 26 (six months to 30 Jun 26), published 29 Jul 26 · read the results ↗

£m unless stated · newest first · italic = calculated (LTM, H2 = FY − H1) · hover a value for its source

	LTM Jun 26	FY 25
Revenue	179.1	175.1
Gross profit	82.3	80.7
Adjusted operating profit	32.2	31.7
Exceptional / adjusting items	–	(4.4)
Operating profit	31.0	27.3
Share-based payments	–	1.3
Finance costs	(0.2)	(0.2)
Profit before tax	32.8	29.2
Tax	(8.8)	(7.7)
Net income (owners)	24.0	21.4
EPS basic	65.6p	58.7p
EPS diluted	65.1p	58.3p

	H1 26	vs H1 25	H2 25	H1 25
Revenue	89.5	+5%	89.6	85.5
Gross profit	39.3	+4%	43.0	37.7
Adjusted operating profit	14.1	+4%	18.1	13.6
Exceptional / adjusting items	–	–	(1.2)	(3.2)
Operating profit	14.1	+36%	16.9	10.4
Share-based payments	0.9	–	–	–
Finance costs	(0.1)	n/m	(0.1)	(0.0)
Profit before tax	15.0	+32%	17.8	11.4
Tax	(4.0)	+37%	(4.9)	(2.9)
Net income (owners)	11.1	+30%	12.9	8.5
EPS basic	30.3p	–	35.3p	23.3p
EPS diluted	30.1p	–	35.0p	23.3p
Dividend per share	20.2p	–	–	15.0p

	LTM Jun 26	FY 25
Cash from operations	17.3	13.8
Tax paid	(8.0)	(7.2)
Capex (PP&E)	(1.0)	(1.0)
Capex (intangibles)	–	(0.1)
Lease principal paid	(0.8)	(0.9)
Dividends paid	(12.3)	(11.7)

	H1 26	vs H1 25	H2 25	H1 25
Cash from operations	17.3	+26%	0.0	13.7
Tax paid	(4.6)	+20%	(3.4)	(3.8)
Capex (PP&E)	(0.2)	+15%	(0.8)	(0.2)
Capex (intangibles)	(0.1)	–	–	–
Lease principal paid	(0.5)	−13%	(0.3)	(0.6)
Dividends paid	(6.8)	+9%	(5.5)	(6.2)

	Latest Jun 26	FY 25
Other intangibles	0.3	0.2
Property, plant & equipment	10.0	10.9
Inventories	8.2	8.7
Trade receivables	49.7	52.5
Cash	66.2	55.7
Current assets	124.2	117.0
Total assets	138.3	131.6
Trade payables	35.1	31.7
Current liabilities	35.1	32.2
Pension surplus / (deficit)	3.9	3.6
Total liabilities	39.3	36.8
Total equity	99.1	94.8

	H1 26	H2 25	H1 25
Other intangibles	0.3	0.2	0.1
Property, plant & equipment	10.0	10.9	8.6
Inventories	8.2	8.7	9.9
Trade receivables	49.7	52.5	44.8
Cash	66.2	55.7	61.6
Current assets	124.2	117.0	117.0
Total assets	138.3	131.6	129.6
Trade payables	35.1	31.7	40.1
Current liabilities	35.1	32.2	40.1
Pension surplus / (deficit)	3.9	3.6	3.9
Total liabilities	39.3	36.8	42.6
Total equity	99.1	94.8	87.0

Line items extracted automatically from each results announcement; when a later report restates a period, the later figure is shown. LTM and H2 are calculated from reported periods. Check the source before relying on a figure.

Company filings. Not investment advice.