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(Sharecast News) - Supreme reported record full-year revenue on Wednesday, after acquisitions and growth in its vaping division, although profits fell as gross margins narrowed.
Revenue rose 17% to 270.2m in the year to 31 March, while adjusted EBITDA was broadly flat at 40.6m.
Pre-tax profit fell 14% to 26.7m, adjusted pre-tax profit declined 9% to 27.5m, and adjusted EPS dropped 13% to 18.9p.
Operating cash flow increased 29% to 32.4m, while the group moved to adjusted net cash of 7.5m from 1.2m a year earlier.
The AIM-traded company said its acquisitions of SlimFast and 1001 carpet care, together costing 22.3m, were expected to generate annualised adjusted EBITDA of about 6.5m.
Drinks and wellness revenue rose 60% to 69.3m, while vaping revenue grew 15% despite the UK disposable vape ban.
Supreme proposed a final dividend of 3.8p per share, taking the total payout to 5.4p, and said trading at the start of FY27 was in line with market expectations.
At 0947 BST, shares in Supreme were down 5.13% at 148p.
Reporting by Josh White for Sharecast.com.
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