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Edge16 Oct 2026
Winner, Winner: The Chicken McNugget Story
How a 1940s breeding contest, a Cornell food scientist, and a hedge by Ray Dalio helped McDonald's turn the Chicken McNugget into a fast-food icon.
Next 15 Group
Next 15 Group (NFG) investor relations material
Next 15 Group H1 2027 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.H1 2027 earnings summary8 Oct, 2026
Executive summary
H1 LFL net revenue fell 1.3% at constant currency; adjusted operating margin rose to 14.9%.
Organic growth returned for three consecutive months in June–August, the first sustained run in three years; monthly growth continued through September.
Portfolio simplification reduced the number of businesses from 22 to 10, with investment focused on data, technology and AI-enabled businesses in structurally growing markets.
Track 1 grew revenue and operating profit, while cost discipline and simplification supported improved group margins.
Financial highlights
Net revenue was £214.9m, down 6.9% reported and 1.3% LFL at constant currency; divestments reduced reported revenue by over £11.5m.
Adjusted operating profit was £32.1m versus £32.7m; adjusted operating margin rose to 14.9% from 14.2%.
Adjusted PBT was £30.2m versus £30.9m; diluted adjusted EPS was 20.7p versus 21.4p, down 3.3%.
Statutory loss before tax was £1.5m versus £15.8m profit; statutory diluted loss per share was 3.4p versus 10.4p earnings.
Interim dividend was maintained at 4.75p per share, covered 4.4x by diluted adjusted EPS.
Outlook and guidance
FY27 LFL revenue growth is expected, with revenue and adjusted operating profit in line with market expectations.
June–September LFL revenue averaged 2% YoY growth; September growth was 5%.
Priorities include resolving Mach49 arbitration, further portfolio actions, implementing the operating model, and investing in Track 1 and AI capabilities.
Planned U.S. retail-media investment steps up in H2; Digital Transformation growth and new-business momentum support the outlook.
FY26 restructuring savings of £26m are flowing through in FY27; constrained discretionary and technology spending keeps cost discipline a priority.
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Latest events from Next 15 Group
- Strong Digital Transformation growth and portfolio streamlining support a positive outlook.NFG
Trading update - Restructuring and Digital Transformation growth stabilized performance; Mach49 risk remains.NFGH2 2026
- FY26 on track with strong segment growth; FY27 set for further revenue and profit gains.NFGQ4 2025 TU
- Margins held at 14.2% as portfolio simplification offset revenue decline.NFGH1 2026
- Flat revenue, lower profit, tech and government weakness, but B2C and health growth.NFGH1 2025
- Revenue and profit declined, but net debt fell and AI investment is accelerating.NFGH2 2025
Next Next 15 Group earnings date
H2 20276 May, 2027
Next 15 Group
Next Next 15 Group earnings date
H2 20276 May, 2027
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Frequently asked questions
Next 15 Group plc, previously known as Next Fifteen Communications Group plc, is a conglomerate that focuses on public relations and communications. The company provides a wide range of services including digital content, marketing, public relations (PR), consumer engagement, technology solutions, marketing software, market research, public affairs, and policy communications. These services are offered under various brands such as Charterhouse, Morar, Circle, Text 100, Bite, Beyond, Connections Media, Vrge, Elvis, OutCast, Twogether, Publitek, The Blueshirt Group, Agent3, Velocity, and M Booth. The company is headquartered in London, England, and its shares are listed on the London Stock Exchange.