Applied Nutrition has once again upgraded its full-year forecasts as the sports performance group performed significantly ahead of expectations in the peak January health and fitness period.
Revenues increased 57% to £74.5m in the six months to 31 January with EBITDA ahead of management expectations, the group said in a trading update.
Retail orders and resultant customer stock levels were significantly above expectations in January, which Applied Nutrition said was a consequence of the success of its channel diversification across UK high street health retailers, grocers and discounters.
Together with accelerated demand for a number of first-half product launches, this is expected to result in a more H1 weighted revenue profile than in prior years.
Reflecting the strong first-half performance, the group now anticipated that FY26 results would be ahead of updated market consensus expectations. It follows Applied Nutrition already raising expectations in a surprise update in December when the group estimated revenues and EBITDA would exceed market consensus by about 10%.
Management currently expects full-year revenue of approximately £140m.
Applied Nutrition will announce its interim results on 23 March.
Shares in the group jumped by 7% as markets in London opened this morning and are up by about 91% since Applied Nutrition floated in October 2024.
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