London · Delayed Price · Currency is GBP · Price in GBX Naked Wines Earnings Call Transcripts
Fiscal Year 2026
-
First-half 2026 results show adjusted EBITDA doubling year-over-year, positive free cash flow, and improved gross margins, despite lower revenue from a strategic shift. Ongoing inventory liquidation and regulatory costs remain headwinds, but guidance is reiterated and shareholder distributions have begun.
Fiscal Year 2025
-
Strong FY 2025 results met guidance, with net cash up £10.5m and adjusted EBITDA at £6.7m. Revenue decline slowed, cost savings and inventory reduction drove improved cash flow, and a £2m share buyback was launched. FY 2026 guidance anticipates ongoing profit growth and further distributions.
-
Management outlined a disciplined plan to unlock GBP 100 million in value, focusing on cost savings, stable cash flow, and targeted marketing to drive profitable growth. Revenue is expected to stabilize, with strong liquidity and a commitment to shareholder returns through distributions or buybacks.
-
Revenue and cash performance aligned with guidance, driven by cost savings and improved core member retention. Strategic shift away from voucher marketing and focus on efficient channels are yielding positive results, with further updates on value creation and potential share buybacks expected by year-end.
Fiscal Year 2024
-
Revenue fell 13% year-over-year, but cost cuts and inventory reductions improved liquidity and net cash. Focus is now on customer acquisition, retention, and returning to growth by FY 2026, with new leadership and a stronger financial foundation in place.