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THG ( (GB:THG) ) has issued an update.
THG reported preliminary 2025 results showing a return to growth in constant currency, with group revenue up 2.3% and a record second half performance driven by accelerating momentum in both Beauty and Nutrition. Adjusted EBITDA of £76.6m came in ahead of guidance and consensus, while the group swung to a £54.1m profit after tax, aided by disposals including the sale of Claremont Ingredients.
The demerger of THG Ingenuity and refinancing of debt to 2029 significantly simplified and deleveraged the balance sheet, cutting gross debt by £162m and leaving about £333m in cash and facilities. THG Nutrition grew through an omnichannel strategy and expansion into over 40,000 retail doors, while THG Beauty delivered its strongest quarter since 2021, boosted by Lookfantastic’s online traction and social commerce gains.
Management kept 2026 guidance unchanged, expecting mid-to-high single digit growth in Nutrition and continued improvement in Beauty, underpinned by margin gains and efficiency initiatives. Net debt is forecast to fall to roughly £110m–£130m, helped by £25m–£50m of anticipated free cash flow and VAT repayments, positioning the group for stronger cash generation and improved financial resilience.
The most recent analyst rating on (GB:THG) stock is a Buy with a £60.00 price target. To see the full list of analyst forecasts on THG stock, see the GB:THG Stock Forecast page.
Spark’s Take on THG Stock
According to Spark, TipRanks’ AI Analyst, 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 THG stock, click here.
More about THG
THG is a FTSE 250 consumer-focused group operating primarily through its THG Beauty and THG Nutrition divisions, offering online beauty retail and sports nutrition products under brands such as Lookfantastic and Myprotein. The company has expanded into omnichannel distribution, including a fast-growing offline retail footprint and licensing partnerships, with a strong presence in the UK, U.S. and other international markets.
Average Trading Volume: 4,915,226
Technical Sentiment Signal: Strong Sell
Current Market Cap: £563.8M
See more insights into THG stock on TipRanks’ Stock Analysis page.