The Supreme Plc Board proposes an interim dividend of 1.8 pence per share in line with the Company's stated annual dividend policy of 25% of profit after tax. This dividend will be payable on 10 January 2025 to shareholders on the register at 6 December 2024. The ex-dividend date is 5 December 2024.
Other financial highlights include:
Revenue growth of 8% to £113.0 million (H1 2024: 105.1 million), underpinned by growth in the core business and revenue from the acquisition of Clearly Drinks Limited ("Clearly Drinks")
Adjusted EBITDA up 22% to £18.5 million (H1 2024: £15.2 million), driven by higher gross margins in all categories and a continued tight control on overheads.
Adjusted pre-tax profit up 25% to £14.7 million (H1 2024: £11.8 million).
Operating cash flow of £11.3 million (H1 2024: £0.4 million).
Earnings-enhancing acquisition of Clearly Drinks for £15.6 million, financed entirely from the Company's own cash reserves.
The Company remains bank-debt free and with more than £50 million of unutilised borrowing facilities at the Period end.
