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Trading Statement

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Adjusted EBITDA expected towards top end of FY26 guidance despite revenue at lower end.

vs expectations: ahead

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Naked Wines is pleased to provide an update on its expected FY26 financial performance.

Adjusted EBITDA* is expected to be towards the top end of published guidance.

This reflects the current success of peak trading across all markets, and the Company's disciplined approach to all cost areas including G&A, COGS/VC and acquisition investment.

The strategy of removing inefficient investment, will also see revenue at the lower end of guidance.

This builds towards the previously communicated strategy of a smaller but materially more profitable business; poised for a return to profitable growth, with Adjusted EBITDA* growing progressively over the Medium Term.

The Company will publish a fuller Trading Update on peak trading performance in mid January 2026.

*Adjusted EBITDA excluding inventory liquidation and associated costs

Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.

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