Applied Nutrition has announced that its first full year results since its IPO will come in ahead of initial expectations.
Shares jumped around 10% at Tuesday’s opening as the Liverpool energy drinks maker and creator of the Paddy ‘The Baddy’ backed Body Fuel brand reported strong second half trading, the sports nutrition, health and wellness brand now expects revenue to be up 24% year-on-year to around £107 million in the 12 months to 31 July 2025, compared with £86 million in the same period a year earlier.
Net cash at the year-end came in at about £18.5 million, excluding IFRS 16 liabilities, ahead of market expectations, while adjusted EBITDA is expected to have risen by around 19%. Strong second-half trading, generating approximately £60 million in revenue, underpinned the performance.
Applied Nutrition said the performance was achieved through the continued delivery of its multi-pillar global growth strategy, which has focused on expanding distribution and launching new products.
Looking ahead to the outcome of FY2026, the retailer is forecasting that revenue will be ahead of a previous guidance of £112.4 million.
Thomas Ryder, chief executive of Applied Nutrition, said: “We are proud to report that we have exceeded the guidance we gave at our IPO, with our first full-year results expected to come in ahead of market expectations.
“Our focus and ambition remain as strong as ever – in delivering for our shareholders, customers and team – and we are excited about the opportunities we have in the pipeline for the year ahead.”
With its headquarters in Liverpool, Applied Nutrition sells products for elite athletes, gym goers and health-conscious consumers in over 85 countries worldwide. Prior to today’s news, Applied Nutrition’s stock had gained around 5% this year and was down 4% over the last 12 months.
