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Next 15 streamlines portfolio and holds margin as restructuring drives reset for growth

Story Highlights
  • Next 15 saw revenue and adjusted profit fall, but protected margins, improved cash generation and kept its dividend unchanged.
  • The group aggressively simplified its portfolio, cut costs and refocused on data, tech and AI-led growth, with early FY27 trading encouraging.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Next 15 streamlines portfolio and holds margin as restructuring drives reset for growth

Meet Samuel – Your Personal Investing Prophet

Next Fifteen Communications ( (GB:NFG) ) just unveiled an update.

Next 15 reported a 6.3% decline in net revenue to £448.8m and an 8.6% fall in adjusted operating profit to £67.6m for the year to 31 January 2026, though margins held broadly steady at 15.1% and net debt edged down to £35.6m. Statutory results swung to a £13.4m loss before tax, mainly due to costs and impairments linked to the discontinued Mach49 business, while cash generation improved and the total dividend was held at 15.35p.

Management undertook aggressive restructuring, cutting the portfolio from 22 to 11 businesses, reducing headcount by 16% and stripping out £11m of costs, with annualised savings estimated at about £26m. The group is repositioning around a simplified, higher-quality set of data, technology and AI-led assets, with strong growth in Digital Transformation and Retail Media offsetting weakness in technology clients and creative production, and early FY27 trading described as encouraging as the company targets a return to organic growth.

The most recent analyst rating on (GB:NFG) stock is a Buy with a £580.00 price target. To see the full list of analyst forecasts on Next Fifteen Communications stock, see the GB:NFG Stock Forecast page.

Spark’s Take on NFG Stock

According to Spark, TipRanks’ AI Analyst, NFG is a Neutral.

The score is driven primarily by solid financial fundamentals (strong cash generation and stable balance sheet), partially offset by moderate income statement strength due to recent margin pressure. Technical signals are mixed with weaker short-term momentum, while valuation is supported by a relatively high dividend yield alongside a mid-range P/E.

To see Spark’s full report on NFG stock, click here.

More about Next Fifteen Communications

Next 15 Group plc, listed on AIM, operates in marketing, communications and digital transformation, offering data- and technology-led services spanning digital transformation, retail media, research, brand and creative. Its core Track 1 portfolio, including SMG, Transform, Savanta, Pretzl, M Booth and M Booth Health, targets structurally growing markets such as retail, FMCG and government, with an increasing focus on data and AI-enabled solutions.

Average Trading Volume: 374,542

Technical Sentiment Signal: Strong Sell

Current Market Cap: £241.5M

For detailed information about NFG stock, go to TipRanks’ Stock Analysis page.

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