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The latest announcement is out from Applied Nutrition PLC ( (GB:APN) ).
Applied Nutrition reported a strong first half to 31 January 2026, with revenue jumping 57% year-on-year to £74.5m, adjusted EBITDA up 56% to £21.5m and profit before tax up 54% to £20.9m, all ahead of management expectations. The group ended the period with net cash of £26.4m, with lower free cash flow conversion reflecting higher investment, while statutory operating profit rose 80% as earnings per share climbed to 6.2p.
Operationally, the company deepened relationships with UK high street retailers and discounters, secured new customer wins and channels including an out-licensing deal with Morrisons for high-protein foods, and continued international expansion across Europe, Latin America and Asia. It also launched new products such as its 40+ range and a Slush Puppie-branded ABE line, started construction on a new global distribution facility and factory expansion to lift capacity to £300m in revenue, reaffirmed guidance for about £140m of full-year sales despite Middle East shipping disruption, and strengthened its board committees in line with UK governance standards.
The most recent analyst rating on (GB:APN) stock is a Buy with a £250.00 price target. To see the full list of analyst forecasts on Applied Nutrition PLC stock, see the GB:APN Stock Forecast page.
Spark’s Take on APN Stock
According to Spark, TipRanks’ AI Analyst, APN is a Outperform.
The score is driven primarily by very strong financial performance (rapid growth, solid profitability, low leverage, and strong free cash flow). Technicals support the uptrend, but overbought indicators raise near-term risk. Valuation is a meaningful headwind given the ~30 P/E and no dividend yield data.
To see Spark’s full report on APN stock, click here.
More about Applied Nutrition PLC
Applied Nutrition plc is a UK-headquartered sports nutrition, health and wellness brand that develops and manufactures over 120 products across ranges including Applied Nutrition, ABE, BodyFuel and Endurance. Operating largely through a global B2B model, it targets elite athletes, gym-goers and health-conscious consumers, selling into more than 85 countries with a focus on rapid in‑house innovation and profitable international growth.
Average Trading Volume: 358,846
Technical Sentiment Signal: Buy
Current Market Cap: £552.5M
Find detailed analytics on APN stock on TipRanks’ Stock Analysis page.