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On August 4, 2025, NEXT plc's Board announced its intention to appoint KPMG LLP as external auditor for the financial year ending January 2028 onwards, subject to shareholder approval at the 2027 Annual General Meeting. Pricewaterhouse Coopers LLP will continue as the current auditor for the financial years ending 31 January 2026 and 30 January 2027, with the latter also subject to shareholder approval. This follows a formal tender process conducted due to the requirement for public interest entities to undertake an audit tender at least every ten years.
| Date | 4 Aug 2025 |
| Time | 09:52:38 |
| Category | Capital structure |
| ID | 8292T |
4 August 2025
NEXT plc (the "Company" or "NEXT")
Result of Audit Tender
The Board of NEXT announces that, following the conclusion of the formal tender process for the role of statutory auditor, it intends to appoint KPMG LLP ("KPMG") as external auditor for the financial year ending January 2028 onwards. The appointment will be subject to shareholder approval at NEXT's 2027 Annual General Meeting.
The audit tender was conducted as a result of the requirement for public interest entities to undertake an audit tender at least every ten years. A thorough tender process, overseen by the Audit Committee, was undertaken and this proposed change of auditor follows a recommendation by the Audit Committee to the Board based on the outcome of the tender process.
Pricewaterhouse Coopers LLP ("PwC"), the Company's current auditor, will continue in its role as external auditor for the financial years ending 31 January 2026 and 30 January 2027, the latter subject to shareholder approval. The Board would like to thank PwC for its significant and continuing contribution as the Company's auditor, and also the other firms who took part in the tender.
Further details of the audit tender process and selection criteria will be provided in the Company's 2026 Annual Report and Accounts.
Seonna Anderson
Company Secretary