Invest in the future.

Next 15 is the only marketing and technology group built at the intersection of data, AI and activation. We combine specialist businesses operating in the fastest-growing markets - Retail Media, Data & Research, Digital Transformation, Marketing and Communications, and Creative Services - unified through shared platforms, proprietary data and AI embedded in real client work. Unlike traditional holding companies, we deliver measurable outcomes, not just outputs, transforming how the world's leading brands grow.

A transformed portfolio.

Under new leadership, we have sharpened our strategy and tightened our portfolio, exiting non-core assets and focusing capital on businesses that meet our criteria for capabilities, categories and commercials. 

Next 15 delivered a resilient performance in FY26, against a backdrop of continued global macroeconomic uncertainty and significant structural change within the Group. The year was characterised not only by strong trading results across a number of our businesses, but by the decisive steps we took to simplify our portfolio, sharpen our strategic focus and lay the foundations for a new chapter of data-powered, AI-enabled growth.

Mickey Kalifa, CFO

Portfolio criteria.

Next 15 invests in business that demonstrate:

Strategic capabilities

Strong, defensible, and accessible data assets; proprietary technology products; and measurable client outcomes driven by data and technology. 

Market Leadership

Strong or leading positions in AI-enabled growth markets. 

Financial strength

Repeatable organic growth, high competitive margins, and strong cash flow generation.

Category leaders

Retail Media (10–15% CAGR). Data & Research (15% CAGR). Digital Transformation (13% CAGR). These are not emerging sectors, they are proven, growing, and we hold strong positions within them.

Financial highlights.

as at 15 April 2025/FY25.

£448.8m

Net revenue

15.1%

Adjusted operating profit margin

44.4p

Adjusted diluted earnings per share

£63.4m

Adjusted profit before tax

£617.3m

Statutory revenue

£(0.1)m

Statutory operating (loss)/profit

£50.9m

Net cash inflow from operating activities

15.35p

Dividend per share

Latest from leadership

Watch the leadership team set out the strategy in full — Capital Markets Day, January 2026.

Data and AI is reshaping how the world's leading businesses grow. Data moves faster, AI is rewriting the rules, and clients need partners who can turn complexity into competitive advantage. That's where NEXT15 comes in.

Sam Knights, CEO

Annual Report 2026

Understand Next15’s performance over the last 12 months and how, under new leadership, we are building a simpler, stronger Next 15 fit for the opportunities ahead.

Key highlights:

Net revenue: £448.8m 

Adjusted operating profit: £67.6m 
 Margin 15.1% 

Revised portfolio

New operating model: five segments, three-track classification

Transform: best year in its history 

M Booth Health: significant H2 growth; momentum continuing into FY27

CMD January 2026: strategy and medium-term targets set 

Corporate governance.

The Board is committed to the highest standards of corporate governance and intends that the Company should comply with all requirements of the QCA Corporate Governance Code.

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