Applied Nutrition (APN) Trading Update summary
Event summary combining transcript, slides, and related documents.
Trading Update summary
9 Dec, 2025Trading performance and outlook
Strong trading momentum continues, with a robust current order book supporting growth.
FY26 results are now expected to exceed current market consensus estimates by approximately 10%.
The upcoming peak trading period for Health, Fitness & Wellbeing is anticipated to deliver a particularly strong H1.
Market expectations and business model
Previous consensus for FY26 was revenue of £122.3m and adjusted EBITDA of £34.4m.
Growth is driven by a diverse, in-house manufactured product portfolio and a global B2B model, enabling profitable expansion in the UK, Europe, and internationally.
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