Smiths News (SNWS) Trading update summary

Trading performance and outlook

• FY2026 results are expected to exceed market expectations, driven by strong demand for collectables and a record £3m contribution from the Men's FIFA World Cup.

• Trading in FY2027 has started positively, with momentum continuing from the previous year.

• Further financial guidance on network expansion will be provided with FY2026 results in November 2026.

Strategic initiatives and expansion

• A transformational programme has commenced to establish a national distribution footprint, supporting new contract wins.

• National contract awards with major publishers mark significant milestones and strengthen long-term relationships.

• Expansion aims to increase daily customer reach from 22,000 to over 38,000 across England and Wales.

Service diversification and operational strengths

• Service capability now extends into new verticals, including waste recycling, books, and home entertainment delivery.

• Focus remains on best-in-class service for newspapers and magazines, leveraging high-density UK delivery network.

• Speed and coverage density are critical to maintaining one of the world's fastest physical supply chains.