Applied Nutrition has delivered a barnstorming first half, with revenues jumping 57% to £74.5 million as the sports nutrition and wellness brand reaps the rewards of its push into mainstream retail.
Revenue, covering the six months to 31 January 2026, comfortably beat management expectations, with EBITDA also coming in ahead. The company has now upgraded its full-year outlook, guiding to approximately £140 million in revenue for FY26, ahead of the updated market consensus.
Applied Nutrition shares were 6% higher at the time of writing.
Much of the momentum stems from a successful diversification into UK high street health retailers, grocers, and discounters. Retail orders and customer stock levels heading into the key January health and fitness season were significantly above expectations, a clear sign the brand is gaining shelf space and consumer traction beyond its traditional channels.
However, the company noted that the first half is likely to be more heavily weighted than in previous years, suggesting possible natural moderation in the second half.
Applied Nutrition listed at 140p in 2024 and is now changing hands at 257p.