Warpaint London (W7L) Trading Update summary

Trading performance and financial highlights

• Revenue for 2024 expected to reach approximately £102 million, up from £89.6 million in 2023.

• Profit before tax for 2024 estimated at £24 million, compared to £18.1 million in 2023.

• January 2025 revenue about 15% higher than January 2024, with improved margins.

• Improved margins maintained throughout 2024 despite consumer spending headwinds.

Outlook and strategic developments

• Continued growth anticipated across the group in 2025.

• Acquisition of Brand Architekts expected to complete later in February 2025.

• Integration of Brand Architekts into the group planned post-acquisition.

Profit estimate and accounting basis

• FY 2024 profit estimate based on unaudited interim and management accounts.

• Estimate prepared using consistent accounting policies as previous years.

• Directors confirm the FY 2024 profit estimate remains valid and properly compiled.