Naked Wines Plc (NWINF) Q4 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good afternoon and welcome to the Naked Wines Plc investor presentation. Throughout this recorded presentation, investors will be in listen-only mode. Questions are encouraged and can be submitted at any time via the Q&A tab situated on the right-hand corner of your screen. Simply type in your questions and press send. The company may not be in a position to answer every question it receives during the meeting itself. However, the company can review all questions submitted today and publish responses where it's appropriate to do so. Before we begin, I'd like to submit the following poll. And now I'd like to hand over to Rodrigo Maza, CEO. Good afternoon, sir. Hello everyone and welcome to our FY26 results presentation. We are very grateful for your time. My name is Rodrigo Maza. I'm Naked CEO. I'll be presenting today along with Dominic Neary, our Chief Financial Officer. This is the agenda we'll go through. In FY26, we delivered results in line with the strategy we set out in March of 2025. While our revenue declined, our focus on profitability resulted in adjusted EBITDA coming in ahead, at 7.6 million, which represents a 35% year-on-year improvement at constant currency. We finished the year with 33.4 million in net cash, up 9 million, even after buying back over 10% of the company in recent months. In April 26, we made an important call. to transition from our legacy tech stack into Shopify, a move that will not only deliver an improved experience to our customers, but will materially reduce costs for naked wines. We saw customer satisfaction and retention strengthen from what was already a high baseline. This was driven by our focus on the elements that make naked wines stand out. The craft of independent winemaking the people who make the product and those who ...