Next 15 Group (NFG) Trading update summary

Trading performance and contract wins

• Trading for the four months ended 31 May 2026 is in line with expectations, with strong results in Digital Transformation.

• Transform secured a multi-year contract as lead delivery partner for Defra's ADMS+ programme, highlighting its AI-enabled capabilities.

• The contract win aligns with the focus on high-growth, high-value digital businesses.

Strategic initiatives and portfolio actions

• The group is executing a strategy of portfolio simplification, margin improvement, and investment in data, technology, and AI-enabled businesses.

• Partial sale of Elvis Communications to Wonderhood Studios streamlines the portfolio and focuses on higher-margin opportunities.

• Retains a profitable core of Elvis, representing about half of its current revenues.

Legal and operational updates

• Mach49 arbitration is ongoing, with the company maintaining its position on non-payment of the remaining earnout and counterclaiming for previously paid amounts.

• Assessment of the legal position remains unchanged.