Supreme Plc Regulatory News (SUP)

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 EBITDA1 of at least £40.0 million (FY24: £38.1 million), in-line with current market expectations2. In addition, the Company expects to trade in-line with market expectations for FY263.

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.

3Analysts' 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.

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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/