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.

21 Apr 2026

Update reports that FY26 ‘significantly’ ahead

Supreme delivered FY26 results significantly ahead of market expectations, with the Board reiterating confidence in future trading prospects.

Key financial metrics were robust. Revenue increased 15% YoY to c.£265m, driven by broad‑based growth, with adjusted EBITDA of c.£40.6m, EPS of 19.6p, and the Group net‑cash positive at year end.

Supreme’s strategy continues to deliver. Performance was underpinned by material growth in vaping, a strong contribution from Drinks & Wellness supported by recent acquisitions, and continued investment in manufacturing capacity, supporting operational resilience. Today's new 5 year licensing deal with Carabao adds a further element to their growth strategy.

Valuation remains attractive. The shares trade on 8x PER, which does not fully reflect the Group’s scale, diversification and cash generative profile, supporting a fair value of 237p per share.

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