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 2024 | Unaudited six months to 30 June 2023 | Growth | |
| Revenue | £45.8m | £36.7m | +25% |
| Gross profit margin | 42.5% | 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) | 10.37p | 6.22p | +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) |