REG - Warpaint London PLC - AGM Statement

Warpaint LondonAnnouncement

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RNS Number : 0703N  Warpaint London PLC  17 June 2025

17 June 2025

 

Warpaint London PLC

("Warpaint", the "Company" or the "Group")

 

AGM Statement

 

Warpaint London plc (AIM: W7L; OTCQX: WPNTF), the specialist supplier of
colour cosmetics and owner of the W7, Technic, Skin & Tan, Super
Facialist, Dirty Works and Fish Soho brands, announces that at the Annual
General Meeting ("AGM") of the Company to be held at 10 a.m. today, Clive
Garston, Chairman of the Company, will make the following statement:

 

"The Group continues to trade robustly with sales for the six months to 30
June 2025 expected to be in the range of £50 million to £52 million (six
months to 30 June 2024: £45.9 million), including an approximate £5 million
contribution from Brand Architekts.  The Group's revenue in Q2 has, as
expected, been impacted by a slowdown in its US business, which remains a
modest proportion of Group sales (2024: 8.5%), following the imposition of
higher tariffs.  However, Group sales overall are being achieved at a
significantly higher margin than that achieved in 2024.

 

"Even more so than previous years, the Group expects sales for FY25 to be
heavily second half weighted.  This is due to the large number of planned
product roll outs to additional stores in H2 as previously announced, together
with a significant Christmas order book.  There continues to be substantial
growth opportunities for Warpaint and the Group is very well positioned to
achieve further growth, with additional improvement in margins.  Brand
Architekts, acquired in February 2025, is now fully integrated into the Group
and is providing additional and exciting growth opportunities.  The board
therefore remains confident that the Group will meet market expectations for
the year ending 31 December 2025.

 

"The Company continues to have a strong balance sheet, with no debt.  Cash
balances as at 10 June 2025 totalled £15.8 million (30 June 2024: £5.5
million).

 

"As previously announced, pending approval by shareholders at today's AGM, a
final dividend of 7.5 pence per share will be paid on 4 July 2025 to
shareholders on the register at 13 June 2025."

 

Note: All figures used in this announcement are unaudited.

 

Enquiries:

 Warpaint London plc                               c/o IFC
 Sam Bazini - Chief Executive Officer

 Eoin Macleod - Managing Director

 Neil Rodol - Chief Financial Officer

 Shore Capital (Nominated Adviser & Broker)        +44 (0)20 7408 4090
 Patrick Castle, Daniel Bush - Corporate Advisory

 Fiona Conroy - Corporate Broking

 IFC Advisory (Financial PR & IR)                  +44 (0)20 3934 6630

 Tim Metcalfe, Graham Herring, Florence Chandler

 

Warpaint London plc

 

Warpaint sells branded cosmetics under the lead brand names of W7 and Technic.
W7 is sold in the UK primarily to major retailers and internationally to local
distributors or retail chains. The Technic brand is sold in the UK and
continental Europe with a significant focus on the gifting market, principally
for high street retailers and supermarkets.  In addition, Warpaint supplies
cosmetics under its other brand names of Man'stuff, Body Collection and Chit
Chat, each targeting a different demographic. Additionally, in February 2025,
Warpaint acquired a number of leading health, beauty and personal care brands
that complement its existing cosmetics brands, including Skin & Tan, Super
Facialist, Dirty Works and Fish Soho.

 

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