Warpaint London PLC reported its final results for the year ended 31 December 2025, highlighting a 3% revenue growth to ยฃ105.1 million, driven by the acquisition of Brand Architekts Group PLC and strong UK performance, despite challenges in the EU and US markets. Gross profit margin improved to 42.6%, but adjusted EBITDA and profit before tax declined by 15% and 24%, respectively, due to increased operating expenses and one-off costs. The company maintained a robust cash position of ยฃ16.0 million, with no debt, and recommended an increased final dividend of 9.0 pence per share. Operationally, Warpaint expanded its retail presence globally, particularly in Europe and the UK, and acquired the Barry M brand post-year-end to enhance its portfolio. Despite difficult trading conditions, the company expects performance to improve in 2026, especially in the second half, supported by strategic acquisitions, new product launches, and international expansion.
Here is the comparison of financials and debt year on year for Warpaint London PLC in an HTML table format:
| Metric | 2024 | 2025 | Change |
|---|
| Revenue (ยฃm) | 101.6 | 105.1 | +3% |
| Gross Profit Margin (%) | 41.2 | 42.6 | +140bps |
| Adjusted EBITDA (ยฃm) | 25.0 | 21.3 | -15% |
| Profit Before Tax (ยฃm) | 23.8 | 18.1 | -24% |
| Profit Attributable to Equity Holders (ยฃm) | 18.2 | 14.4 | -21% |
| Adjusted Earnings per Share (pence) | 22.3 | 16.7 | -25% |
| Cash and Cash Equivalents (ยฃm) | 7.9 | 16.0 | +102% |
| Debt | None | None | N/A |
**Notes:** * The company remained debt-free in both years.
* The increase in cash and cash equivalents is primarily due to the release of ยฃ14.0 million from an escrow account in February 2025, which was utilized for the acquisition of Brand Architekts Group PLC.
* The decrease in adjusted EBITDA, profit before tax, profit attributable to equity holders, and adjusted earnings per share is attributed to various factors, including challenging trading conditions, one-off events, and increased operating expenses.