THG posts record H2 revenue as Beauty and Nutrition power return to growth

The latest update is out from THG ( (GB:THG) ).

THG reported a record second-half revenue performance for 2025, with group H2 sales up 6.7% year on year, around 14% above the top end of guidance, and fourth-quarter constant currency growth accelerating to 7.0%, its strongest quarterly performance of the year. The turnaround was driven by a strong showing at THG Beauty, particularly Lookfantastic in the UK and Ireland, and continued momentum at THG Nutrition, which posted its fourth consecutive quarter of growth, helped by robust pricing, expansion into adjacent categories such as activewear and creatine, and wider offline retail distribution. Despite the drag from disposals, discontinued activities and the demerger of THG Ingenuity, the group returned to full‑year revenue growth of 2.3% after two years of decline, maintained EBITDA guidance in line with consensus, and ended the year with more than £330m in cash and available facilities. Management highlighted market share gains in UK beauty and sports nutrition, deepening brand collaborations and retail rollouts for Myprotein, and a more focused beauty strategy centred on core categories and territories, suggesting improved operational discipline, a cleaner portfolio and stronger positioning as THG enters 2026 with what it describes as high trading momentum in both Beauty and Nutrition.

The most recent analyst rating on (GB:THG) stock is a Hold with a £48.00 price target. To see the full list of analyst forecasts on THG stock, see the GB:THG Stock Forecast page.

Spark’s Take on GB:THG Stock

According to Spark, TipRanks’ AI Analyst, GB:THG is a Neutral.

THG’s overall stock score reflects a mix of significant financial challenges and positive strategic developments. The financial performance is the most critical factor, with high leverage and ongoing losses weighing heavily. However, technical indicators and corporate events show positive momentum and strategic growth, providing a more optimistic outlook.

To see Spark’s full report on GB:THG stock, click here.

More about THG

THG PLC is a Manchester-headquartered global e‑commerce group and brand owner operating through two main consumer businesses: THG Beauty and THG Nutrition. THG Beauty runs major online platforms such as Lookfantastic, Dermstore and Cult Beauty, providing a digital route to market for more than 1,000 third‑party beauty brands alongside its own-label portfolio. THG Nutrition, led by Myprotein – billed as the world’s largest online sports nutrition brand – spans multiple health and wellness categories and sells both directly to consumers and via a growing network of offline retail and licensing partnerships worldwide.

Average Trading Volume: 3,721,092

Technical Sentiment Signal: Buy

Current Market Cap: £828.8M

See more data about THG stock on TipRanks’ Stock Analysis page.