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Supreme PLC, a leading manufacturer and distributor of fast-moving consumer products, released its unaudited financial results for the six-month period ended September 30, 2024.
The company reported an 8% increase in revenue to ยฃ113.0 million and a 22% rise in Adjusted EBITDA to ยฃ18.5 million, driven by growth in the core business and the acquisition of Clearly Drinks Limited.
Supremes non-vape annualized revenue now exceeds ยฃ100 million, and the company remains bank-debt free with over ยฃ50 million in unutilized borrowing facilities.
The company expects full-year results for 2025 to be <mark style="background-color:yellow">ahead</mark> of market expectations, with revenue guidance of around ยฃ240 million and Adjusted EBITDA guidance of at least ยฃ40 million.
Supremes CEO, Sandy Chadha, attributed the strong performance to the companys strategy, the resilience of its business model, and its ability to navigate consumer headwinds by providing affordable, high-quality products.
The companys Vaping division saw a 13% decline in revenue due to the anticipated ban on disposable vapes, but non-disposable vapes and 10ml e-liquid refills continued to grow.
The Sports Nutrition & Wellness category delivered a 7% revenue increase, and the company expanded into the soft drinks market with the acquisition of Clearly Drinks.
Supremes Lighting and Batteries divisions also performed well, with revenue increases of 8% and 9%, respectively.
The company declared an interim dividend of 1.8 pence per share, in line with its annual dividend policy.
Supremes financial position remains strong, with a healthy balance sheet, and it is well-prepared for upcoming changes in the UK vaping market and broader economic uncertainties.