NICHOLS PLC - Investor presentation following VITHIT acquisition

Nichols PLC’s investor update highlighted the transformational €75 million acquisition of VITHIT, a fast-growing functional soft drinks brand that strengthens the Group’s position in the expanding health and wellness market. VITHIT generated FY2025 sales of approximately €26.5 million, representing a three-year CAGR of nearly 10%, alongside adjusted operating profit of €4.2 million and an operating margin of almost 16%. The acquisition, funded from Nichols’ existing cash resources, is expected to be immediately earnings enhancing and offers significant growth opportunities through expanded UK distribution, international development, new product innovation and annual cost synergies exceeding €1 million. Management expects VITHIT to complement the existing Vimto, Myprotein and Wonderfuel portfolio while providing exposure to growing consumer demand for low-calorie, functional beverages. Nichols also reported strong underlying company performance, including 17% first-half growth in Africa and continued innovation across its Middle East and UK portfolio. With a strong cash-generative, asset-light operating model, clear revenue and margin opportunities, and a disciplined integration strategy, Nichols believes the VITHIT acquisition can accelerate long-term revenue growth, earnings and shareholder returns, with management now focused on integration and organic growth rather than further M&A over the near term.