Supreme is the UK’s largest battery and lighting distributor, and a leading name in the e-cigarette and vaping market. Formed in 1975, Supreme supplies five key categories of consumer spending: Vaping, Sports Nutrition & Wellness, Batteries, Lighting and Branded Household Consumer Goods.

18 Sep 2025

AGM statement: momentum maintained

In a statement to accompany today’s AGM, Supreme reports that the Group has “continued to see good momentum across its portfolio in the first half of the current financial year” (H126). The Group highlights the combination of strong recent (FY25) financial performance and strategy of complementary acquisitions.

On changes in the UK market for vaping products, Supreme reports that it “continues to successfully navigate the evolving UK vaping market, having strategically managed the ban on disposable vapes, which came into effect on 1 June 2025, as well as the transition to pods and other vaping alternatives”.

The AGM report confirms that Supreme expects FY26 trading to be in line with market expectations’ and our Fair Value estimate remains 225p/ share.

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