Business
Peak Season Trading Update
Naked Wines plc reported a successful peak trading period for the 13 weeks ended 29 December 2025, with revenue declining by 19% at constant currency, consistent with full-year guidance. The company saw an increase in average order value by 5% and revenue per member by 1% on a constant currency basis, reflecting a strategy focused on profitable core customers. Current trading remains in line with the full-year guidance for revenue between £200m and £216m, adjusted EBITDA of £5.5m to £7.5m, and net cash of £33m to £35m. The issued share capital following a December 2025 buyback is 71,717,079 ordinary shares. Disclaimer*
About this update from Naked Wines Plc
[{"type":"text","content":"\n\n29 January 2026\nNaked Wines plc\n('Naked Wines' or 'the Company')\n \nPeak Season Trading Update\n \nSuccessful peak trading performance across all markets, current trading in line with full year guidance and our December 2025 Trading Update\n \nNaked Wines is pleased to provide a peak season trading update in respect of the 13 weeks ended 29 December 2025.\n \nThe Company delivered a successful peak trading period across all its markets and continues to trade in line with its published FY26 guidance (reiterated below). The decline in revenue remained consistent with the prior reporting period and guidance, reflecting the strategy of recalibrating around the profitable core, while average order value and revenue per member were ahead on a constant currency basis.\n \nPeak Season Trading:\n \n· Revenue declined by -19% at constant currency vs prior year (-21% vs reported), in line with expectations, including repeat sales which were down -16% at constant currency (-18% vs reported)\n· Average order value increased by 5% at constant currency (4% vs reported)\n· Revenue per member increased by 1% at constant currency (-1% vs reported)\n \nCommenting on the peak season trading, Rodrigo Maza, CEO, said:\n \n\"Peak season trading has been pleasing, reflecting the hard work by all our teams to deliver for customers and the focus on our unique customer proposition. We continue to make good progress against our strategic KPIs and remain committed to delivering shareholder value. Current trading is in line with guidance, and we look forward to providing a more detailed update in our full year trading update at the end of April.\"\n \nIssued Share Capital:\n \nFollowing the share buyback in December 2025, and as at the date of this announcement, the Company's total issued ordinary share capital is 71,717,079, with 2,766,665 ordinary shares held in treasury, and the total number of voting rights in the Company is 68,950,414. The figure of 68,950,414 may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company, under the Disclosure Guidance and Transparency Rules of the...