26th Nov 2024 14:34
Supreme PLC - Manchester, England-based manufacturer and distributor of fast-moving consumer products - Pretax profit rises 4.9% to GBP12.9 million in first half of financial year 2025 from GBP12.3 million a year before, as revenue grows by 7.5% to GBP113.0 million from GBP105.1 million. Adjusted earnings before interest, tax, depreciation and amortisation is GBP18.5 million in the half-year, the six months that ended September 30, up 22% from GBP15.2 million a year before. Supreme lifts its interim dividend by 20% in response to 1.8 pence per share from 1.5p. Supreme credits the higher revenue to growth in its core business, supplemented by its acquisition of Clearly Drinks Ltd, which it bought for GBP15.6 million back in June.
Supreme says the second half of financial 2025 has started strongly, and it expects full-year results to be ahead of expectations. It guides adjusted Ebitda of at least GBP40 million on revenue of around GBP240 million. This would be up from GBP38.1 million and GBP221.2 million, respectively, in financial 2024.
Current stock price: 172.90p
12-month change: up 57%
By Tom Waite, Alliance News editor
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