Shares of Supreme plc, the Manchester-based supplier of vaping supplies, drinks and fast-moving consumer goods, rose as much as 10% on Monday after it published a trading update for the 12 months ended March 31, 2026.

“Supreme has delivered a strong performance across FY26 with record financial results expected to be significantly ahead of market expectations, supported by significant growth in vape sales and the positive impact from acquisitions and new products,” said the firm.

“The company expects to report a 15% increase in FY26 revenues of c.£265.0 million (FY25: £231.1 million) and Adjusted EBITDA of approximately £40.6 million (FY25: £40.5 million), significantly ahead of market consensus expectations.

“After investing £12.4 million in strategic acquisitions and £5.0 million to enhance its manufacturing capabilities including a new state-of-the-art 40,000 sq.ft. dedicated wellness facility, the group remains net-cash positive at 31 March 2026.

“Sales from the Group’s Vaping category are expected to be more than 10% higher than prior year even with the UK disposable vape ban on 1 June 2025, demonstrating Supreme’s ongoing market resilience.

The Group’s Drinks & Wellness category also performed strongly, boosted by an excellent contribution from SlimFast, which was acquired during the Period. The category is further supported by investment in two brand new manufacturing facilities, strengthening its operational capacity and positioning this category for long-term growth. 

“The Board remains confident in the Group’s future trading prospects.”