Year End Trading Update

Supreme PLC (AIM: SUP), a leading manufacturer, supplier, and brand owner of fast-moving consumer goods, is pleased to provide a trading update for the twelve months ended 31 March 2024 ("FY24" or the "Period"). Audited financial results for the Period will be announced on Tuesday, 2 July 2024 ("Final Results Announcement").

Supreme has delivered a record financial performance in FY24, driven by organic revenue and profit growth across all divisions. The Group has almost doubled profitability year-on-year, has generated record levels of cash and has ended the year debt-free2.

Supreme expects to report FY24 revenue of around £225.0 million (FY23: £155.6 million) and Adjusted EBITDA1 of at least £38.0 million (FY23: £19.4 million), in-line with current market expectations3.

Supreme's continued investment in rechargeable pod system vaping devices, coupled with the Company's exceptional long-standing progress in developing a uniquely diverse vape product mix, has ensured it is well positioned to adapt to changes in the UK e-cigarette market.

Alongside an ongoing focus on accelerating organic growth and strategic cross-selling, the Company remains committed to exploring complementary acquisition opportunities to further diversify and scale the business.

The Group's Sports Nutrition & Wellness, Lighting and Batteries divisions remain profitable and resilient, and Supreme will provide further detail on the trading activity across each of its divisions in its Final Results Announcement.

The board remains confident of the Group's future prospects.

1 Adjusted EBITDA means operating profit before depreciation, amortisation and Adjusted items

2Excludes IFRS16 debt

3Analyst consensus immediately before this announcement for the year ending 31 March 2024 was revenue of £225 million and Adjusted EBITDA1 of £38 million