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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 £113.0 million and a 22% rise in Adjusted EBITDA to £18.5 million, driven by growth in the core business and the acquisition of Clearly Drinks Limited.
Supremes non-vape annualized revenue now exceeds £100 million, and the company remains bank-debt free with over £50 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 £240 million and Adjusted EBITDA guidance of at least £40 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.