Next 15 shares fall as swings to pretax loss; outlook optimistic

Next 15 Group PLC on Thursday said it has not yet experienced any material adverse impact on its operations from the ongoing Middle East conflict, as it announced a swing to an interim loss amid "constrained" client spend.

Next 15 shares fell 13% to 286.50p each on Thursday morning in London.

The London-based business growth consultancy said it swung to a pretax loss of £1.5 million in the six months to July 31, from a pretax profit of £15.8 million a year prior.

Adjusted pretax profit declined 2.3% to £30.2 million from £30.9 million. Adjusted operating profit fell 1.8% to £32.1 million from £32.7 million.

Revenue fell 5.3% to £299.4 million from £316.1 million.

Next 15 maintained its interim dividend per share at 4.75 pence.

Looking ahead, the company said trading in the second financial half so far is "encouraging" with three consecutive months of like-for-like revenue growth between June and August, which Next 15 said was for the first time in three years.

Next 15 said it has not experienced any material adverse impact on its operations from the ongoing Middle East conflict.

The firm said: "Discretionary and technology client spend remains constrained, and we remain disciplined on costs, with the full benefit of FY26's restructuring flowing through this year. On this basis, the board expects the group to deliver LFL revenue growth for the full year, with revenue and adjusted operating profit in line with market expectations.

"The segmental mix is expected to differ from current market expectations, with stronger than expected growth in Digital Transformation, offset by the effect of portfolio disposals and a more gradual recovery than expected in some of the other segments."

Copyright 2026 Alliance News Ltd. All Rights Reserved.