Acquisition of household cleaning brand 1001®

Supreme has announced the acquisition of the carpet care products brand 1001 for a fixed consideration of £1.65m (of which £0.35m is deferred) from US-based WD-40 Company. 1001 reported current revenue of £4.5m, having recorded peak turnover of £8.0m. The acquisition is expected to be immediately earnings-accretive and maintains the pace of product diversification and enhancement of the range of offerings within its household goods range, further counterbalancing the contribution from vaping products.

Following FY25 results (‘FY25 another strong year and platform for growth’) - whilst noting the positive contribution of the 1001 acquisition - we have not adjusted our outlook at this stage as we expect that the full impact will become apparent as Supreme integrates and expands the 1001 product range across its extensive distribution estate. Our Fair Value remains 225p/share.