Next expects £5 million net cost increase from new EU tariffs

• Next expects new EU tariffs to increase net costs by about £5 million in fiscal 2026/27, offsetting additional international sales profits.
• The tariffs took effect July 1 and November 1, 2026, covering EU online orders fulfilled with stock imported from outside the bloc.
• Some EU orders are fulfilled from UK stock, exposing them to the charges despite substantial inventory held within the EU.
• Operational changes and selective modest EU price increases are expected to fully mitigate the tariff costs over time.
• Full-year pretax profit guidance remains unchanged, with the additional £5 million international sales profit absorbed by higher operating costs.

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