NICHOLS PLC - Interim Results for the half year ended 30 June 2026

Nichols PLC delivered a strong investor update with first half revenue growth of 4.7%, driven by outstanding international performance, including 17% growth in Africa and solid momentum across the Middle East and UK packaged beverages. The company reported higher adjusted operating profit, resilient EBITDA margins, record cash generation, and a cash balance exceeding £66 million, providing significant flexibility for dividends, acquisitions, and future investment. Management highlighted continued progress on its growth strategy through innovation, international expansion, operational efficiencies, and premium product launches, while maintaining strong gross margins despite inflationary pressures. The order pipeline for new product launches, including health and wellness beverages through strategic partnerships, supports long term revenue growth and market share expansion. Nichols reaffirmed full year financial results guidance, increased shareholder returns through a higher interim dividend, and remains focused on disciplined capital allocation, margin improvement, and sustainable value creation. The presentation reinforced confidence in the company performance, strong balance sheet, scalable asset light business model, and long term growth opportunities across key international markets.