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(Sharecast News) - Consumer goods business Supreme said on Tuesday that had experienced "robust trading" across FY25, underpinned by earnings-enhancing acquisitions.
Supreme said adjusted underlying earnings had grown 6% to a record 40.5m, while revenues were up 4% at 231.1m, due to acquisitions and "strong sales traction" across its product mix, and gross profit margins improved from 29% to 39% as a result of increased manufacturing.
However, shares headed south early on Tuesday as it said net debt had ballooned by 297% to 12.3m and adjusted net cash sank 90% to 1.2m.
Looking forward, Supreme said it has made a "positive start" to FY26 and expects to deliver "another profitable and highly cash-generative year".
As of 1100 BST, Supreme shares were down 4.93% at 194.90p.
Reporting by Iain Gilbert at Sharecast.com
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