Supreme Plc declares a final dividend, subject to shareholder approval at the Annual General Meeting on 24 September 2024, of 3.2 pence per share. The Group paid an interim dividend of 1.5 pence per share, which together with the final dividend would take total dividends for the year to 4.7 pence per share, an 57% increase on the prior year dividend.
Other Financial Highlights Include:
- Revenue growth of 42%, and 96% increase in Adjusted EBITDA, demonstrating an increase in profitability
- Revenue growth and gross margin percent increases reported across all divisions.
- Branded Distribution division, formerly known as Other Consumer Goods, reported revenues of £63.5 million (FY23: £7.8 million), driven by the ElfBar and Lost Mary master distribution agreement.
- Highly cash generative period, delivering £27.1 million cash from operations in the Period (FY23: £19.3 million), resulting in an Adjusted net cash position of £11.6 million by year end (263% growth from FY23) with no bank borrowings.
- Completed £1.0 million share buy-back programme, supporting the board's commitment to delivering shareholder value
