REG - Supreme PLC - Trading Update

SupremeAnnouncement

23/04/2025 07:00

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RNS Number : 7490F  Supreme PLC  23 April 2025

23 April 2025

 

Supreme plc

("Supreme" or the "Company" or the "Group")

 

Trading Update

 

Supreme PLC (AIM: SUP), a leading brand owner, manufacturer and supplier of
fast-moving consumer goods, is pleased to provide a trading update for the
twelve months ended 31 March 2025 ("FY25" or the "Period"). Final audited
results for the Period will be announced on Tuesday, 1 July 2025.

 

Supreme traded strongly across FY25, delivering a record financial performance
which was supported by the positive impact of strategic acquisitions and
continued management of the Company's cost base.

 

Supreme expects to report FY25 revenue of around £235.0 million (FY24:
£221.2 million) and Adjusted EBITDA(1) of at least £40.0 million (FY24:
£38.1 million), in-line with current market expectations(2). In addition, the
Company expects to trade in-line with market expectations for FY26(3).

 

After investing £25.0 million on strategic acquisitions during the Period,
the business remained net-cash positive at year end.

 

Following the complementary acquisitions of Clearly Drinks and Typhoo Tea
during the Period, representing the Group's entry into the soft drinks and hot
beverages vertical, sales traction remains strong with management exploring a
number of new commercial opportunities with both potential and existing
customers, alongside an increased focus on new product development.

 

Vape sales remain in line with internal estimates ahead of the imminent UK
disposable vape ban scheduled for 1 June 2025. The Company's established UK
vaping profile and its longstanding, trusted partner status across a diverse
UK retail footprint, combined with proactive investment in rechargeable pod
system vaping devices, ensures Supreme remains well positioned within the UK
market.

 

The Board remains confident of the Group's future prospects.

 

(1) Adjusted EBITDA means operating profit before depreciation, amortisation,
share-based payments charge, fair value movements on non-hedge accounted
derivatives and exceptional items

 

(2) Analysts' consensus for the year ending 31 March 2025 was revenue of
approximately £240 million and Adjusted EBITDA of £40 million.

 

(3)Analysts' consensus for the year ending 31 March 2026, immediately before
this announcement was published, was revenue of around £231 million and
Adjusted EBITDA of around £36.6 million.

 

The information contained within this announcement is deemed to constitute
inside information as stipulated under the Market Abuse Regulation (EU) No.
596/2014 which is part of UK law by virtue of the European Union (withdrawal)
Act 2018. Upon the publication of this announcement, this inside information
is now considered to be in the public domain.

 

Enquiries:

 

 Supreme plc                                                     via Vigo Consulting

 Sandy Chadha, Chief Executive Officer

 Suzanne Smith, Chief Finance Officer

 Shore Capital (Nominated Adviser and Joint Broker)              +44 (0)20 7408 4090

 Mark Percy / David Coaten / George Payne - Corporate Advisory

 Ben Canning - Corporate Broking

 Zeus (Joint Broker)                                             +44 (0)161 831 1512

 Jordan Warburton / Alex Campbell-Harris - Investment Banking

 Benjamin Robertson - Corporate Broking

 Vigo Consulting (Financial Public Relations)                    +44 (0)20 7390 0230

 Jeremy Garcia / Kendall Hill

 supreme@vigoconsulting.com

 

About Supreme

 

Supreme supplies products across six categories; Batteries, Lighting, Vaping,
Sports Nutrition and Wellness, Branded Distribution and Soft Drinks. The
Company's capabilities span from product development and manufacturing through
to its extensive retail distribution network and direct to consumer
capabilities. This vertically integrated platform provides an excellent route
to market for well-known brands and products.

 

The Group has over 3,000 active business accounts with retail customers who
manage over 10,000 branded retail outlets. Customers include B&M, Home
Bargains, Poundland, Tesco, Sainsburys, Morrisons, Amazon, The Range,
Costcutter, Asda, Halfords, Iceland, Waitrose, Aldi and HM Prison &
Probation Service.

 

In addition to distributing globally-recognised brands such as Duracell,
Energizer and Panasonic, and supplying lighting products exclusively under the
Energizer, Eveready, Black & Decker and JCB licences across 45 countries,
Supreme has also developed brands in-house, most notably 88Vape, has a growing
footprint in Sports Nutrition and Wellness via its principal Sci-MX brand, and
has recently expanded into the soft drinks and hot beverages markets with the
acquisitions of Typhoo Tea and Clearly Drinks, adding well-known and
established brands to its portfolio.

 

https://investors.supreme.co.uk/
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