Next 15 Group plc (NFG) Q4 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

sunny day um it feels somewhat slightly representative of the macroeconomic environment right now um but it could be something that's happening and we have quite a bit to get through today um we've got a run through of last year um which interestingly in some ways I think we, we sort of normally at this point would use last year as a good predictor of the year that we're in. Um, but unfortunately, partly because of, you know, the loss of the large 49 contract and partly because somebody put it to me recently. There is this large orange man that is changing the world, um, partly because of incredibly prudent. It doesn't mean that we're not doing anything. And hopefully what you'll take away from today is actually that we're doing an awful lot across the business to put it in the right place for when normal business resumes, if you want to call it that, if such a thing is going to exist. Peter will walk through the results. which we can go through in glorious technicolor if required. We're going to spend quite a bit of time though on sort of what is next for Next 15. What are we up to? How are we focusing? What are we investing in? How are we investing in those things? Although I think how we see the world is driven much more by macro than anything else right now, just simply because of the way that our customers are seeing the world. At this point, I'll hand over to Peter. Yeah, thanks Tim. Yeah, so just a few comments to me on the results. Revenue was down 1.4%. That was 4% down organically. One and a half percent of that was because we lost, obviously, the Mac49 contract in January, so it would have been two and a half percent down without that. We had a negative impact on currency. Last year, it was just over 125. Previous year, I think it was nearer 123. And we di...