Applied Nutrition shares rise as earnings eyed above expectations Proactive uses images sourced from Shutterstock
Applied Nutrition PLC (LSE:APN) shares moved up in Tuesday’s early deals, climbing 6.2% to 256.5p, after the wellness and fitness supplements firm said first-half revenue surged 57% to £74.5 million as the sports nutrition group benefited from stronger retail ordering and quicker traction for recent product launches.
The company added that EBITDA for the six months to 31 January 2026 came in ahead of management expectations, helped by channel diversification across UK high street health retailers, grocers and discounters.
It said retail orders and customer stock levels going into the January peak health and fitness period were “significantly above expectations”, making revenue more weighted to the first half than in prior years.
On the back of that momentum, Applied Nutrition said it now expects FY26 results to land ahead of its updated market consensus benchmarks. Management is guiding to full-year revenue of around £140 million, versus consensus revenue forecasts of £133.5 million.
Milo Bussell, analyst at broker Cavendish, highlighted that Applied Nutrition had delivered a strong half.
“Growth has been broadbrush across all channels (speciality retail, supermarkets, discounters),” Bussell said in a note.
“We expect good progress to have been made in the UK, while Rest of the World should demonstrate good growth with a favourable comparator in the prior year. January is typically a surge month for gyms, and Applied Nutrition has leant into the promotional window as its retail customers intensify marketing activity”.
The group is due to publish interim results on 23 March 2026.
