Business
Trading Statement
Naked Wines plc anticipates its adjusted EBITDA for FY26 to be at the higher end of its previously stated guidance, driven by strong peak trading performance across all markets and disciplined cost management in areas like G&A, COGS/VC, and acquisition investment. While revenue is expected to be at the lower end of guidance due to the strategic removal of inefficient investment, this aligns with the company's objective of becoming a smaller, more profitable business poised for medium-term growth in adjusted EBITDA. A more comprehensive trading update is scheduled for mid-January 2026. Disclaimer*
About this update from Naked Wines Plc
18 December 2025 Naked Wines plc ('Naked Wines' or 'the Company') Adj. EBITDA* expected to be towards top end of guidance Naked Wines is pleased to provide an update on its expected FY26 financial performance. Adjusted EBITDA* is expected to be towards the top end of published guidance. This reflects the current success of peak trading across all markets, and the Company's disciplined approach to all cost areas including G&A, COGS/VC and acquisition investment. The strategy of removing inefficient investment, will also see revenue at the lower end of guidance. This builds towards the previously communicated strategy of a smaller but materially more profitable business; poised for a return to profitable growth, with Adjusted EBITDA* growing progressively over the Medium Term. The Company will publish a fuller Trading Update on peak trading performance in mid January 2026. * Adjusted EBITDA excluding inventory liquidation and associated costs The information contained within this announcement is deemed by the Group to constitute inside information as stipulated under the Market Abuse Regulation (EU) No. 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018. For further information, please contact: Naked Wines plc Rodrigo Maza, CEO Dominic Neary, CFO Catherine Miles, Investor Relations [email protected] Panmure Liberum (NOMAD & Broker) Ed Thomas / John More / Dru Danford Tel: 0203 100 2222 Vigo Consulting (Financial PR) Guy Scarborough / Damian Reece / Tim McCall Tel: 0207 390 0230