The Supreme Board proposes an interim dividend of 1.5 pence per share in line with the Company's stated dividend policy of 25% of profit after tax. This dividend will be payable on 12 January 2024 to shareholders on the register at 8 December 2023. The ex-dividend date is 7 December 2023.
Other financial highlights include:
Revenue growth of 63% to £105.1 million (H1 2023: 64.6 million) driven by:
o The ElfBar distribution opportunity, which generated £26.4 million revenue in the Period and has been reported within "Branded Distribution" in the segmental analysis;
o Strong organic growth of £8.7 million arising from Lighting (21% growth), Vaping (17% growth) and Sports Nutrition & Wellness (17% growth); and
o The contribution of prior-year acquisitions, which reported growth of £5.4 million.
Adjusted EBITDA1 up 88% to £15.2 million (H1 2023: £8.1 million) driven by incremental revenue and improved margins with very modest investment in overheads to support the reported revenue growth
Pre-tax profit up 179% to £12.3 million (H1 2023: £4.4 million)
Adjusted net debt (i.e. excluding IFRS 16 leases)4 of £4.8 million (H1 2023: £12.9 million), representing less than 0.2x adjusted LTM EBITDA, with unutilised borrowing facilities of £35 million
