Applied Nutrition PLC started Tuesday's trading strongly, after reporting a 24% jump in revenue to £107 million for the year ended 31 July, helped by a second-half performance that's driving bullish expectations.
"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," chief executive Thomas Ryder said in a trading update.
"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."
Earnings (adjusted EBITDA) were seen about 19% higher for the year, to roughly £30.94 million, and Applied Nutrition said it ended July with some £18.5 million of net cash.
Applied Nutrition told investors it now expects revenue for FY26 to exceed current market expectations of £112.4 million.
In London, Applied Nutrition shares were up around 9% in Tuesday's early deals at 143p.
The full-year results statement is scheduled for release on or around 10 November.