Next 15 Group plc (NFG) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

It's very nice to meet you all again. My name is Sam Knights. I am the new CEO here at Next50. My background comes from the world of Procter & Gamble for my sins, where I spent much of my early career working up through the business and marketing program with a lot of my time spent running marketing for Gillette in Western Europe. The past 12 years of my career have been spent building a global entity today. And along that journey, we were acquired by Next15. And I've spent the last four years of my career working within the group. So I've seen it at its best, and I've also seen it challenged too. And it's with great pride that I take this role, following on from Tim, We want to set out how we've performed in the first half of fiscal year 26, specifically the decisive actions that we've taken already to start to reshape the group and how we're positioning Next 15 for its next chapter. So we'll begin with an overview of our performance and the actions taken in the first 100 days. Mickey will then cover the financials in detail before I return to summarise. performance for the first half. So let's start with a look at the group's overall performance and the themes that define the first half. We'll dive into each of these headlines in more detail in the coming slides, but as a summary, here are the key headlines. Our first 100 days have been about decisive action. We've addressed legacy issues in the group, we've and we clarified the direction. Trading has been resilient with strong growth in consumer, government and digital transformation, offsetting some weaknesses that we've seen in technology clients. We've maintained strong margin discipline and operating margins edged up despite slightly lower revenues. Our balance sheet remains strong, net debt is down and we'll ...