Warpaint London plc (LON:W7L; OTCQX: WPNTF), the specialist supplier of colour cosmetics and owner of the W7, Technic, Skin & Tan, Super Facialist, Dirty Works and Fish Soho brands, has announced that at the Annual General Meeting of the Company to be held at 10 a.m. today, Clive Garston, Chairman of the Company, will make the following statement:
“The Group continues to trade robustly with sales for the six months to 30 June 2025 expected to be in the range of £50 million to £52 million (six months to 30 June 2024: £45.9 million), including an approximate £5 million contribution from Brand Architekts. The Group’s revenue in Q2 has, as expected, been impacted by a slowdown in its US business, which remains a modest proportion of Group sales (2024: 8.5%), following the imposition of higher tariffs. However, Group sales overall are being achieved at a significantly higher margin than that achieved in 2024.
“Even more so than previous years, the Group expects sales for FY25 to be heavily second half weighted. This is due to the large number of planned product roll outs to additional stores in H2 as previously announced, together with a significant Christmas order book. There continues to be substantial growth opportunities for Warpaint and the Group is very well positioned to achieve further growth, with additional improvement in margins. Brand Architekts, acquired in February 2025, is now fully integrated into the Group and is providing additional and exciting growth opportunities. The board therefore remains confident that the Group will meet market expectations for the year ending 31 December 2025.
“The Company continues to have a strong balance sheet, with no debt. Cash balances as at 10 June 2025 totalled £15.8 million (30 June 2024: £5.5 million).
“As previously announced, pending approval by shareholders at today’s AGM, a final dividend of 7.5 pence per share will be paid on 4 July 2025 to shareholders on the register at 13 June 2025.”
Note: All figures used in this announcement are unaudited.
