23rd Apr 2025 09:32
(Alliance News) - Supreme PLC on Wednesday said revenue rose in its recent financial year, but by less than company-compiled market consensus.
Supreme is a Manchester, England-based fast-moving consumer products manufacturer and distributor which supplies batteries, lighting, vaping, sports nutrition and wellness, branded distribution and soft drinks.
Supreme shares were down 8.8% to 155.00 pence in London on Wednesday morning.
The company said it expects to report around GBP235.0 million in revenue for the financial year that ended March 31, up 6.3% from GBP221.1 million in financial 2024 but short of market consensus of GBP240 million.
Adjusted earnings before interest tax, depreciation and amortisation was at least GBP40.0 million, in line with analysts forecasts and up 5.0% from GBP38.1 million the year before.
Supreme said it expects to trade in line with market expectations for financial 2026, which it cited as revenue of GBP231 million and adjusted Ebitda of GBP36.6 million.
"Sales traction remains strong" following the acquisition of Clearly Drinks and Typhoo Tea during the recent year, which represented the company's entry into the soft drink and hot beverage business lines. Supreme said it will be exploring several new commercial opportunities within these segments, alongside an "increased focus on new product development".
Vape sales remain in line with internal estimates ahead of the disposable vape ban in the UK that is scheduled for June 1, the company said.
Following investing GBP25.0 million on "strategic acquisitions", Supreme said it remained net-cash positive at the end of financial 2025.
"The board remains confident of the group's future prospects," Supreme added.
The company will release its full financial 2025 results on July 1.
By Olivia Mason-Myhill, Alliance News reporter
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