Applied Nutrition has stated that its group revenue for the full year is set to increase annually by 24% to £107m, which will beat previous expectations.

The sports nutrition, health and wellness brand said that the update is driven by strong second-half trading, which is set to total £60m in the year to 31 July.

As a result, the group will therefore beat previous guidance of £100m in the full year announced at its initial public offering in October last year.

Applied Nutrition stated that it also expects its adjusted EBITDA to increase by 19% year-on-year, while its net cash is expected to stand at £18.5m, beating previous expectations of £16.6m.

Looking ahead to the 2026 financial year, the firm said that its revenue is expected to ahead of market guidance of £112.4m, following strong trading and strategic progress.

The board remains confident that the group’s core strengths, including its "B2B-focused business model, breadth of high-quality products and industry leading new product development", will continue to drive revenue growth and profitability over the long-term.

Chief executive officer at Applied Nutrition, Thomas Ryder, said: "We are proud to report that we have exceeded the guidance we gave at our IPO, with our first full year results expected to come in ahead of market expectations. Our focus and ambition remain as strong as ever - in delivering for our shareholders, customers and team - and we are excited about the opportunities we have in the pipeline for the year ahead."

Applied Nutrition will announce its results for the year to 31 July 2025 on, or around, 10 November.

---