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17 September 2026 Supreme plc ( " Supreme , " the " Company " or the " Group " ) AGM Trading Statement Supreme continues to trade in line with expectations for FY27 Preparations in place to successfully navigate the Vaping Products Duty from 1 October 2026 Supreme ( AIM : SUP ) , a leading manufacturer , supplier , and brand owner of fast - moving consumer goods , announces the following trading update ahead of its Annual General Meeting at 9.00 a.m. today . The Group delivered a strong year of profitable growth for the year ended 31 March 2026 ( " FY26 ” ) , with revenue increasing 17 % year - on - year to a record £ 270.2 million ( FY25 : £ 231.1 million ) , underpinned by the successful integration of strategic acquisitions completed over the past two years and continued momentum in the Vaping division . Adjusted EBITDA of £ 40.6 million ( FY25 : £ 40.5 million ) was broadly in line with analyst consensus , following upgrades earlier in the year , demonstrating resilient earnings delivery against a backdrop of significant investment . Drinks & Wellness was a key growth driver , with revenue up 60 % to £ 69.3 million , reflecting the early contribution from SlimFast and a full year of Clearly Drinks . Importantly , the Group achieved this growth while continuing to invest in acquisitions and manufacturing capacity , ending the year with a strengthened adjusted net cash position of £ 7.5 million ( FY25 : £ 1.2 million ) , providing a solid platform to support further growth and value creation . The Group remains well positioned to deliver organic growth and resilience in the vaping market and is fully prepared for the introduction of Vaping Products Duty on 1 October 2026. The new duty will be charged at 22 pence per millilitre across all vaping liquids . This means a 10ml bottle will attract £ 2.20 of duty , while a two - pack of 2ml pods will attract 88 pence , before the impact of VAT . Supreme supports the Government's objectives of creating a more regulated and compliant vaping market . Management will continue to leverage Supreme's extensive manufacturing and distribution capabilities , alongside its expanded product portfolio , to capture further opportunities and deliver high - quality , affordable products to consumers . Following a solid start to FY27 , Supreme expects trading for the year to be in line with market expectations¹ . This is after investing almost £ 5 million in its brands during the year to date to support future growth . Sandy Chadha , Chief Executive Officer of Supreme , commented : " We have begun trading in FY27 with good momentum , and I am encouraged by the Group's performance across our divisions . Having grown the business substantially over the past few years , driven by a number of high - profile acquisitions and organic investment , we are now firmly focused on building on the Group's strong platform for growth . With the Vaping Products Duty due to be introduced next month , we remain confident that our 88Vape brand , which has always been a value proposition , will continue to resonate with both existing and new consumers , as the new pricing regime takes effect across the market . Having created an established manufacturing and compliance capability , our scale , brand positioning and value - led offering leave us well placed to successfully navigate the evolving vape marketplace . " 1 Analysts ' consensus for the year ending 31 March 2027 , immediately before this announcement was published , was revenue of £ 302.1 million and Adjusted EBITDA of £ 39.6 million . 2 Adjusted EBITDA means operating profit before depreciation , amortisation , share - based payments charge , fair value movements on non - hedge accounted derivatives and exceptional items . Enquiries :