Warpaint London achieves record H1 with significant growth in sales, margins and profit

Warpaint London plc (LON: W7L; OTCQX: WPNTF), the specialist supplier of colour cosmetics and owner of the W7 and Technic brands, has announced its unaudited interim results for the six months ended 30 June 2024.

Unaudited six months to 30 June 2024Unaudited six months to 30 June 2023Growth
Revenue£45.8m£36.7m+25%
Gross profit margin42.5%39.1%+334bps
EBITDA£12.0m£7.3m+66%
Adjusted EBITDA*£11.4m£7.9m+44%
Profit from operations£11.0m£6.3m+75%
Basic earnings per share (EPS)10.37p6.22p+67%

Highlights

·   Strong growth in sales during the period, particularly in the UK and Europe, achieving a record first half 
·   Group sales increased by 25% to £45.8 million in H1 2024 (H1 2023: £36.7 million)
·   UK revenue increased by 17% to £15.5 million (H1 2023: £13.3 million)

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