Business
Next : Annual Financial Report
Next : Annual Financial
About this update from Next Plc
ANNUAL REPORT & ACC OUNT S J AN U AR Y 2026 Strategic Report 3 Chairman's Statement Financial Statements Group Financial Statements 4 Chief Executive's Review 181 Consolidated Income Statement 66 Business Model 182 Consolidated Statement of Comprehensive Income 68 Key Performance Indicators 183 Consolidated Balance Sheet 70 Risks and Uncertainties 184 Consolidated Statement of Changes in Equity 79 Viability Assessment 186 Consolidated Cash Flow Statement 81 Corporate Responsibility 187 Group Accounting Policies 101 Section 172 Statement 202 Notes to the Consolidated Financial Statements 106 Non-Financial and Sustainability Information Statement 110 Directors' Biographies 112 Directors' Responsibilities Statement 113 Corporate Governance Report 126 Nomination Committee Report 129 Audit Committee Report 138 Remuneration Report 170 Directors' Report 172 Independent Auditors' Report Governance Parent Company Financial Statements Parent Company Balance Sheet Parent Company Statement of Changes in Equity Notes to the Parent Company Financial Statements Shareholder Information 254 Half Year and Segment Analysis 255 Five Year History 256 Glossary 261 Notice of Meeting 268 Other Shareholder Information FINANCIAL HIGHLIGHTS Strategic Report NEXT TOTAL GROUP SALES £7.0bn Governance NEXT GROUP PBT Financial Statements £1,158m Shareholder Information NEXT GROUP POST-TAX EPS 744.2p FINANCIAL HIGHLIGHTS ON A STATUTORY BASIS Jan 26. Jan 25. Total Revenue (£bn) 6.9 6.1 Profit before tax (£m) 1,193 987.0 Basic Earnings Per Share (p) 760.1 615.1 Alternative Performance Measures as defined in the Glossary on pages 256 to 260. 1 STRATEGIC REPORT 3 Chairman's Statement 4 Chief Executive's Review 66 Business Model 68 Key Performance Indicators 70 Risks and Uncertainties 79 Viability Assessment 81 Corporate Responsibility 101 Section 172 Statement 106 Non-Financial and Sustainability Information Statement 2 CHAIRMAN'S STATEMENT Strategic Report The year ending January 2026 was a very good year for NEXT. Group profit before tax of £1,158m1was up +14.5% and Earnings Per Share2(EPS) grew by +17.0%. Cash flow remained strong and we returned £839m to shareholders through a combination of dividends (£286.5m), share buybacks (£131.4m) and the B Share Scheme capital distribution (£421.5m). A detailed analysis of our performance in 2025/26 and our outlook for the year ahead are cover...