Next 15 Group AIM:NFG
- Founded
- 1981 · London, England
- Incorporated
- United Kingdom
- Chief executive
- Sam Knights
- Employees
- 3,681
- Reports in
- GBP
- Companies House
- 01579589
Growth consultancy group owning agencies across data, marketing, PR and technology consulting, serving major technology and consumer clients internationally. Built from the Text 100 technology PR agency into a diversified group through dozens of acquisitions.
Read straight from the annual reports
314p at close on 2 Oct 2026 · 12 reported years, 2015–2026
| Line | FY201501/15 | FY201601/16 | FY201701/17 | FY201801/18 | FY201901/19 | FY202001/20 | FY202101/21 | FY202201/22 | FY202301/23 | FY202401/24 | FY202501/25 | FY202601/26 | FY2027unreported |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | later 233.9 | later 639.2 | |||||||||||
| Gross profit | — | — | — | — | — | — | — | — | — | — | |||
| Operating profit | later 28.2 | ||||||||||||
| Adjusted operating profit | later 74.0 | ||||||||||||
| Exceptional items | later 5.8 | — | |||||||||||
| Net finance cost | later 4.2 | later (5.9) | |||||||||||
| Profit before tax | later 34.1 | ||||||||||||
| Adjusted profit before tax | later 68.0 | ||||||||||||
| Tax charge | later 12.0 | ||||||||||||
| Profit for the year | |||||||||||||
| EBITDA | |||||||||||||
| Adjusted minus statutory PBT | |||||||||||||
| Basic EPS | |||||||||||||
| Diluted EPS | |||||||||||||
| Adjusted EPS | |||||||||||||
| Dividend per share |
GBP millions, negatives in brackets. Per-share lines in pence, share counts in millions. later is what a following report restated the figure to; vs is a second reading that disagrees. The figure shown is the one the original filing printed, and both readings are kept. Click any figure: opens the report page it was read from, highlighted; shows how it was calculated. The share price above is drawn to the same columns: each close sits over the financial year it fell in.
12 years, at a glance
Dashed: Operating margin, in % on its own scale — read its shape, not its height against the bars.
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Retail Media (SMG) growth, primarily UK, with US market development
SMG organic net revenue growth of 8.2%; net revenue up to £50.0m (FY25: £55.4m headline restated)
page 18Digital Transformation (Transform) growth in UK public sector
Transform revenue grew to £59.1m (FY25: £36.3m), most successful year in its history, expanded footprint across government departments incl. Department for Education
page 18Cost reduction programme (~375 role reductions, ~£26m annualised savings, ~£11m realised in year)
Disciplined cost management enabled the Group to maintain adjusted operating margin at 15.1% despite revenue decline
page 15US market investment at SMG (Retail Media)
Retail Media segment margin decreased to 18.2% (FY25: 25.3%) due to continued investment in developing the US market
page 18£16.4m charge: Mach49 costs (legal/advisory fees re misconduct, arbitration and wind-down)
page 16We expect to invest up to £6m in targeted initiatives to strengthen data, technology and AI capabilities in FY27, largely offset by ongoing efficiency initiatives; FY27 will be the start of a new chapter as the Group moves towards a simpler, smarter, more focused Next 15.
page 6No discrete post-balance-sheet events note identified beyond disclosures already covered in note 1A (going concern/Mach49 arbitration) and proposed final dividend; Chair's statement notes Barclays replaced Bank of Ireland as an RCF consortium member in August 2025 (within the year), and Mark Astaire will take over as Chair from the 2026 AGM.
page 3Final dividend of 10.6p per Ordinary Share proposed (2025: 10.6p), making total dividend for the year of 15.35p per share (2025: 15.35p) — flat year-on-year (0% change per KPI). Payable 7 August 2026 to shareholders on register at 3 July 2026. Interim dividend of 4.75p was paid during the year.
page 106Financial statements prepared on a going concern basis, but a material uncertainty is noted relating to ongoing confidential arbitration proceedings concerning potential serious misconduct at Mach49 (acquired business), which could result in a material adverse financial outcome exceeding current forecast liquidity in the longer term. Auditor Deloitte LLP issued an unqualified opinion (true and fair view) but with an emphasis-of-matter style disclosure of material uncertainty relating to going concern (opinion not modified). Key audit matters: (1) Mach49 management-identified misconduct/arbitration, (2) revenue recognition on open project revenue. Group materiality £3.3m. Audit fee £935k (2025: £705k).
page 110- Macroeconomic uncertainty and societal change (geopolitical tensions, US tariff disputes, AI-powered market volatility)p.59
- Strategy misaligned with market dynamicsp.59
- Failure to execute strategyp.59
- Artificial Intelligence — poor investment choices, capability gaps, margin erosion if traditional services become harder to pricep.59
Read from C000904-AR-2026-ch.
11 annual reports read, FY2016 to FY2026
Open a year to see what its report said. Every line in it carries the page it was read from.
Sources: Companies House (11)
FY2027Next report expected 23 Apr 2027