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Naked Wines PLC on Wednesday said trading remains in line with expectations and that it has competed the majority of its £2 million share buyback. Ahead of Wednesday’s annual general meeting, the Norwich, England-based online wine seller said trading is in line with previously communicated guidance. Guidance for the financial year to March 2026 is for ‘progressive growth’ in adjusted earnings before interest, tax, depreciation and amortisation, excluding inventory liquidation and associated costs, and further cash generation compared with financial 2025. In August, the company guided for adjusted Ebitda, excluding inventory liquidation and associated costs, between £5.5 million and £7.5 million for the financial year to March 2026 compared to £6.7 million in financial 2025. It forecast net cash, excluding lease liabilities, of £35 million to £39 million, up from £30.1 million in the financial year to March 2025. In addition, the company said it expects revenue to fall to between £200 million and £216 million in financial 2026. This would represent a decline of between 14% and 20% from £250.2 million in the financial year to March 2025. The share buyback programme launched in August is progressing well, with £1.7 million of the £2 million targetted completed. Half-year results for the six months ended September 30 will be released in early December, at which point the firm will detail further updates on progress towards delivering the key priorities in the new strategic plan announced in March. Shares in Naked Wines rose 0.5% to 86.40 pence each in London on Wednesday afternoon. Copyright 2025 Alliance News Ltd. All Rights Reserved.
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