Nichols (NICL) Q4 2025 TU earnings summary

Executive summary

• FY25 trading was in line with market expectations, with continued strategic progress and a focus on margin enhancement in Africa.

• Revenue increased by 1.3% to £175.0m for FY25, driven by growth in UK Packaged and innovation in core products.

• The business remains confident in its outlook for 2026, supported by a strong financial position and diversified model.

Financial highlights

• Group revenue rose 1.3% year-over-year to £175.0m (FY24: £172.8m).

• Adjusted Profit Before Tax is expected to be in line with consensus (£33.1m).

• Cash and cash equivalents increased to £55.8m from £53.7m, despite ERP investment.

Outlook and guidance

• Confident in delivering medium-term strategic and financial ambitions for 2026.

• Focus remains on UK growth through core range extension and innovation, and international expansion, especially in Africa.