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Downing's investment thesis on Next PLC ($NXT.L) — Q4 2025 | Buyside Digest

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$NXT.LNext PLC

BULL

Downing

Fund Letter

Q4 2025

Published December 31, 2025

View Fund Profile

$15660.00USD

Current Market Price

Market Cap$17.9B

Pitch Price$13535.00

Technical Chart

From the Fund Letter

Next cannot claim brevity for its 200+ page 2025 annual report, but the chief executive’s review consists of 51 pages of utter clarity as to strategy and performance. Lord Simon Wolfson...

— Simon Evan-Cook

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