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Supreme AIM:SUP

Founded
1975 · Manchester, England
Incorporated
United Kingdom
Chief executive
Sandy Chadha
Employees
483
Reports in
GBP
Companies House
05844527

Manchester-based consumer products group that manufactures and distributes batteries, lighting, vaping products (88Vape), sports nutrition and wellness goods, and soft drinks, acquiring brands such as Typhoo tea and Clearly Drinks. Supplies discounters, supermarkets and convenience retailers with a vertically integrated, high-volume model.

Consumer StaplesConsumer products manufacture and distribution
Where the figures come from
How we read

Read straight from the annual reports

Share price and financials

134p at close on 2 Oct 2026 · 9 reported years, 2018–2026

Years in viewFY2018 – FY2027
2 Oct 2026134p−11.0% since 1 Feb 2021
134p
LineFY201806/18FY201903/19FY202003/20FY202103/21FY202203/22FY202303/23FY202403/24FY202503/25FY202603/26FY2027unreported
Revenue
Gross profitvs 26.6
Operating profitvs 14.0
Exceptional items—vs 0.44
Net finance costvs 0.78
Profit before tax
Adjusted profit before tax———————
Tax charge
Profit for the year
EBITDA
Adjusted minus statutory PBT———————
Basic EPS——
Diluted EPS——
Adjusted EPS——
Dividend per share—

GBP millions, negatives in brackets. Per-share lines in pence, share counts in millions. later is what a following report restated the figure to; vs is a second reading that disagrees. The figure shown is the one the original filing printed, and both readings are kept. Click any figure: opens the report page it was read from, highlighted; shows how it was calculated. The share price above is drawn to the same columns: each close sits over the financial year it fell in.

2 figures

9 years, at a glance

GBP · %
0100m200m300m8%10%12%14%16%18%FY2018FY2026

Dashed: Operating margin, in % on its own scale — read its shape, not its height against the bars.

FY2026Revenue£270mOperating margin10.5%
The latest report

FY2026 annual report

year to 31 Mar 2026 · approved 30 Jun 2026 · 108 pages · Company website

Open the reportJSONComing soon
Next report8 Jul 2027for the year to 31 Mar 2027, the date the register holds, plus this company's usual gap to publication
Sixty seconds on this reportPlaceholder

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From the reportevery line sits on the page it names
What drove revenue

Vaping (own-brand 88Vape plus distributed brands ElfBar/Lost Mary)

Vaping revenue £129.0m (FY24: £140.3m); non-disposable growth +8% offset by disposable vape decline of £11.4m ahead of the 1 June 2025 UK disposable vape ban

page 13
And

Drinks & Wellness acquisitions (Clearly Drinks, Typhoo Tea) plus organic SCI-MX growth

Category revenue doubled to £48.8m (FY24: £23.9m); Clearly Drinks contributed £18.9m, Typhoo Tea £6.1m, underlying Wellness grew 5% to £18.9m

page 33
What moved the margintailwind

Addition of Clearly Drinks (near-40% gross margin manufacturing) and reduced disposable vape mix (lower margin)

Blended gross margin rose to 32% (FY24: 29%); manufacturing margins at Clearly Drinks almost 40%

page 34
Andtailwind

Increased volumes of e-liquids (higher-margin) within Vaping

Increased focused on powders within Wellness and increased e-liquid volumes cited as gross margin drivers

page 34
One-offs in the year

£2.9m credit: Net gain on bargain purchase (Typhoo Tea negative goodwill net of supplier ransom payments)

page 88
What management said

Supreme has made a positive start to FY26 and expects to deliver another profitable and highly cash-generative year, trading in line with current market expectations (analysts' consensus for FY26: revenue £236m, Adjusted EBITDA £36.5m)

page 1
After the year end

On 2 April 2025 the Group (via Supreme Imports Limited) entered a 4-year lease for a site in Gloucester to manufacture black tea products; annual rental commitment £238,000

page 66
The dividend

Policy of distributing c.25% of net profit. FY25 interim dividend 1.8p and proposed final dividend 3.4p per share (total 5.2p, +10% YoY), to be approved at AGM 18 September 2025, paid 23 September 2025 to shareholders on register 22 August 2025 (ex-div 21 August 2025)

page 1
Going concern and the audit

Unqualified ('true and fair') audit opinion from BDO LLP (Steven Roberts, Senior Statutory Auditor), no material uncertainty over going concern identified; Directors adopted going concern basis based on 2-year cash flow forecasts to 31 March 2027, stress-tested against disposable vape ban and 5%/20% revenue downturn scenarios; KAMs were revenue recognition and purchase price allocation/fair value of tangible assets acquired on the year's three acquisitions; Group materiality £1.545m (5% of PBT)

page 70
The risks it names first
  • Risks and regulation to the Vaping market (disposable vape ban, Tobacco and Vapes Bill, new excise duty) - risk rating 25 (highest)p.44
  • Volatility of raw material prices - risk rating 6p.45
  • Third party production and supply, notably reliance on China-based manufacturers - risk rating 6p.45
  • Dependency on key customers (top ten account for more than half of turnover) - risk rating 10p.45

Read from C001242-AR-2026-website.

Filings

8 annual reports read, FY2019 to FY2026

Open a year to see what its report said. Every line in it carries the page it was read from.

Sources: Companies House (7), Company website (1)

  1. FY2027Next report expected 8 Jul 2027

Every figure above,
back to the page it was printed on