UK's Warpaint London Plc H1 revenue falls on weak consumer spending

Warpaint London

23/09/2026 07:11

Overview
UK colour cosmetics supplier's H1 revenue fell 17.8% amid challenging trading conditions
Adjusted EPS for H1 dropped 46.6%, with adjusted EBITDA down 36.4% yr/yr
Company raised interim dividend by 6.3%

Outlook
Company expects 2026 revenue towards the lower end of £103.3 mln to £112.6 mln range
Company expects 2026 Adjusted EBITDA within £22.4 mln to £24.0 mln analyst forecast range
Company says 2026 performance expected to be more second-half weighted due to order timing and Christmas gifting

Result Drivers
MACROECONOMIC HEADWINDS - Co cited pressure on consumer spending and cautious retailer ordering in UK and EU as main reasons for revenue decline
CUSTOMER LOSS - Loss of Bodycare, a major Technic customer, after it entered administration in 2025 contributed to lower sales
GROSS MARGIN IMPROVEMENT - Gross margin rose due to sourcing strategy, new product development, and one-off benefit from selling Barry M inventory acquired at a discount

Company press release: ID:nACSh17kca

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
H1 Revenue
 
GBP 40.50 mln
 
H1 EBIT
 
GBP 5.20 mln
 
H1 Pretax Profit
 
GBP 4.90 mln
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"
The average consensus recommendation for the personal products peer group is "buy"
Wall Street's median 12-month price target for Warpaint London PLC is GBp340.00, about 51.8% above its September 22 closing price of GBp224.00
The stock recently traded at 11 times the next 12-month earnings vs. a P/E of 11 three months ago

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)