Applied Nutrition PLC on Tuesday raised its revenue forecast for its current financial year above market expectations, citing a strong first-half performance.
The Merseyside, England-based wellness brand now sees revenue for the financial year ending July 31 of around £140 million, above market consensus of £133.5 million. Revenue will be up 31% from £107.1 million in financial 2025, when it was in turn up 24% from £86.2 million in financial 2024.
The upward revision follows a ‘very strong performance’ in the six months that ended January 31, for which Applied Nutrition said it generated revenue of £74.5 million, up 57% from £47.6 million a year before.
Applied Nutrition also said earning before interest, tax, depreciation and amortisation were ahead of management expectations in the first half and full-year adjusted Ebitda will be ahead of market consensus of £37.7 million.
The positive results are thanks to the company’s ‘channel diversification across UK high street health retailers, grocers and discounters’ alongside ‘accelerated demand for a number of...product launches’ in the first half of financial 2026, it said.
Applied Nutrition will announce its interim results on March 23.
Shares were up 6.6% to 257.46 pence each in London on Tuesday morning.
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