The Warpaint London Plc board is to declare an increased interim dividend of 4.0p per share (2024 interim dividend: 3.5p per share), which will be paid on 21 November 2025 to shareholders on the register at 7 November 2025. The shares will go ex-dividend on 6 November 2025.
Other financial highlights include:
Group sales increased by 8% to £49.3 million in H1 2025 (H1 2024: £45.8 million) including the contribution from the acquisition of Brand Architekts from 12 February 2025
UK revenue was up by 15.9% to £18.0m (H1 2024: £15.5 million)
International revenue increased by 3.2% to £31.3 million (H1 2024: £30.3 million)
Brand Architekts sales of £6.1 million represented 12% of overall Group revenue in the period
Gross profit margin grew by a further 250 bps to 45.0% (H1 2024: 42.5%) due to successful launches of new product lines, sourcing and volume savings. Excluding Brand Architekts, like-for-like gross margin improved to 45.5%, up 300bps.
Adjusted EBITDA was £10.8 million (H1 2024: £11.4 million)
Profit before tax was £6.4 million (H1 2024: £10.9 million), predominantly reflecting £4.6 million of non-cash losses on foreign exchange forward contracts, of which £2.7 million were unrealised at 30 June 2025, a £3.9 million gain as a result of the 'bargain purchase' (negative goodwill) of Brand Architekts and £1.3 million of exceptional costs associated with the acquisition of Brand Architekts
Cash of £17.0 million as at 30 June 2025 (30 June 2024: £5.5 million), having acquired £6.2 million of cash as a result of the acquisition of Brand Architekts
Adjusted EPS fell to 8.5p (H1 2024: 9.8p) partly reflecting the increase in shares in issue as a result of the Brand Architekts acquisition
