Naked Wines PLC achieved a 35% year-on-year improvement in adjusted EBITDA, reaching $7.6 million, while revenue declined 18% in fiscal year 2026. The company ended the year with $33.4 million in net cash, up $9 million, even after a significant share buyback, and realized $25 million in savings against a $23 million target. A loss before tax of $6.3 million was reported, impacted by restructuring and inventory liquidation costs. The transition to Shopify is underway, with Australia expected to go live in a couple of months, aiming to enhance customer experience and reduce costs. Customer satisfaction improved, with a Net Promoter Score of 77 and member retention at 76%, though the company is acquiring fewer new customers than planned and expects revenue to stabilize around fiscal years 2028 to 2030.
Naked Wines plcReported 35% improvement in adjusted EBITDA, net cash increase, and cost savings exceeding target.
Shopify Inc