Applied Nutrition has warned uncertainty from the fallout of the Middle East conflict will disrupt trading in the second half, but the sports performance group still expected results to be in line with expectations.
The London-listed company said disruption to shipping routes and purchasing activities would likely lead to reduced volumes in the region affected.
But forecasts of full-year sales of £140m remained unchanged at Applied Nutrition.
“Importantly, we have managed similar disruption in the past, supported by the agility of our operations,” said CEO Thomas Ryder.
“In this instance, we are working closely with customers to adapt our routes into the region and logistics arrangements to safeguard continued supply to those customers.”
It follows a stellar first half at the business, with revenues up 56.5% to £74.5m and a 55.8% rise in adjusted EBITDA to £21.5m in the six months to 31 January. Pre-tax profits shot up by 77.1% year on year to £20.9m.
Since listing on the London Stock Exchange in late 2024, the group has rapidly expanded distribution with new and existing customers, entered new markets around the world and launched a raft of NPD.
In the first half, Applied Nutrition highlighted the brand’s extension in mainstream grocery thanks to its first licensing agreement. The group worked with Morrisons to launch a range of high-protein food products aimed at GLP-1 users.
Applied has raised its market forecasts for the current financial year’s results twice already, in December and February, and was also promoted to the FTSE 250 at the end of last 2025.
“Since our IPO, we have seen an uplift in our profile, awareness, trust and credibility – exactly as we had envisaged, but even more impactful than we could have anticipated,” Ryder added.
“This has enabled us to move faster and think bigger, with an innovation engine that is stronger than ever, allowing us to bring new products to market at pace, deepen customer relationships and adapt quickly to evolving consumer needs as we continue to build the business for the long term.”
He said the performance and momentum across the business reflected a consumer environment that continued to shift decisively towards health, fitness and wellbeing.
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