Supreme (SUP) Trading update summary

Financial performance highlights

• FY26 revenue expected to reach approximately £265 million, a 15% increase from FY25 and significantly ahead of consensus expectations.

• Adjusted EBITDA for FY26 anticipated at around £40.6 million, also ahead of market expectations.

• Net cash position maintained at year-end despite £12.4 million spent on acquisitions and £5 million invested in manufacturing upgrades.

Operational and strategic developments

• Vaping category sales grew over 10% year-on-year, showing resilience despite the UK disposable vape ban.

• Drinks & Wellness category saw strong performance, notably boosted by the SlimFast acquisition and new manufacturing facilities.

• Investments in wellness and drinks manufacturing enhance operational capacity and support long-term growth.

Market position and outlook

• Vertically integrated platform supports product development, manufacturing, and extensive retail distribution.

• Over 3,000 business accounts and 55,000 retail outlets, with a portfolio including both global and in-house brands.

• Board remains confident in future trading prospects.