Post-Close Trading Update
Naked Wines plc has provided a post-close trading update indicating performance in line with its communicated FY26 guidance, with improvements in Adjusted EBITDA and margin, cash generation, and progress against its new strategic plan. The company successfully completed a £2 million share buyback programme on 11 September 2025. For FY26, revenue guidance is £200m to £216m, Adjusted EBITDA is £5.5m to £7.5m, and net cash is projected between £35m and £39m, excluding lease liabilities. The company will announce its half-year results for the 26 weeks to 29 September 2025 on 9 December 2025.
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Naked Wines is pleased to provide a post-close trading update (unaudited) ahead of announcing its half year results for the 26 weeks to 29 September 2025 ('HY26') on 9 December 2025.
Since the Company's last Trading Update at the time of the AGM in September 2025, performance has continued to be in line with the Company's communicated FY26 guidance (reiterated below). HY26 (unaudited) delivered significant progress, including improvements in Adjusted EBITDA and margin, cash generation and delivery against the KPIs set out in the new Strategic Plan articulated in March 2025.
The Company also successfully completed its first share buyback programme of a total £2 million consideration on 11 September 2025, which the Board believes has increased intrinsic value per share for all remaining shareholders.
The Company will host a presentation via the Investor Meet Company platform on the morning of the HY26 results, 9 December 2025 at 10am UK-time. The presentation is open to all existing and potential shareholders. Questions can be submitted pre-event via your Investor Meet Company dashboard up until 9am UK-time on 8 December 2025, or at any time during the presentation.
Investors can sign up to Investor Meet Company for free and add to meet Naked Wines plc via:
Investors who already follow Naked Wines plc on the Investor Meet Company platform will automatically be invited. A recording of the event will also be made available on the Results section of the Company's investor website www.nakedwinesplc.co.uk shortly after.
FY26 guidance1: (reiterated, as communicated within the FY25 Results published on 5 August 2025)
| KPI | FY26 (guidance) | FY25 (reported) |
|---|---|---|
| Revenue | £200m to £216m | £250.2m |
| Adjusted EBITDA 2 (excl. inventory liquidation and associated costs) | £5.5m to £7.5m | £6.7m |
| Net cash (excl. lease liabilities) 3 & 4 | £35m to £39m | £30.1m |
| Inventory liquidations and associated costs 5 | £12m of inventory liquidation cost over the Medium Term (further FY26 update on 9 December 2025 at the time of the HY26 results) | £6.5m |
- This guidance has been provided based on constant FX rates of 1 GBP = 1.35 USD and 2.00 AUD
- As highlighted in March 2025, implementing the £15m of FY26 savings results in a likely £2-£3m exceptional cost in FY26
- Net cash guidance includes the £2m distribution via the share buyback programme in calendar year 2025
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.