Applied Nutrition PLC reported strong interim results for the half year ended 31 January 2026, with revenue up 56.5% to £74.5 million, adjusted EBITDA up 55.8% to £21.5 million, and adjusted profit before tax up 53.7% to £20.9 million. The company experienced sustained momentum across all aspects of the business, driven by deepened relationships with existing customers, new customer wins, and continued global expansion. Key highlights include a first out-licensing agreement with Morrisons, new product launches, and construction commencing on a global distribution facility and head office. The company anticipates full-year revenue of approximately £140 million, with a more H1-weighted revenue profile than in prior years. Applied Nutritions strategic focus on innovation, customer relationships, and global growth has positioned it well for continued success in the sports nutrition, health, and wellness market.
| Metric | H1 FY26 | H1 FY25 | Change |
|---|---|---|---|
| Revenue (£m) | 74.5 | 47.6 | 56.5% |
| Gross Profit (£m) | 34.8 | 22.3 | 56.1% |
| Adjusted EBITDA (£m) | 21.5 | 13.8 | 55.8% |
| Adjusted Profit Before Tax (£m) | 20.9 | 13.6 | 53.7% |
| Adjusted Basic and Diluted EPS (p) | 6.2 | 4.2 | 47.6% |
| Free Cash Flow (£m) | 7.9 | 8.9 | (11.2%) |
| Net Cash (£m) | 26.4 | 10.9 | 142.2% |