THG finishes 2025 ‘on a high’
THG delivered its strongest performance of 2025 in its fourth quarter, with revenue rising by 7% at constant currency.
Second half revenue climbed by 6.7% year-on-year, which was around 14% ahead of the top of the group’s +3.9% to +5.9% guidance range.
Subscribe to TRBTHG Beauty achieved its best fourth quarter growth performance since the last quarter of 2021, driven by Lookfantastic where revenue was up 16.2% in the UK and Ireland. THG said the performance was boosted by record advent contribution, cosmetics and skincare.
Meanwhile, THG Nutrition posted its fourth consecutive quarter of revenue growth at 12.2% excluding Asia.
The second half performance meant that THG has reported revenue growth of 2.3% in the 12 months to 31 December 2025 to mark the first year of growth since 2021.
Matthew Moulding, chief executive of THG, said: “We finished 2025 on a high with our best quarter of the year thanks to a strong November and December period.
“In THG Beauty, our strategy to focus on core categories and territories is delivering clear results, with Lookfantastic UK achieving exceptional growth. We continue to accelerate our digital leadership, prioritising high-margin prestige brands and enhancing personalisation by increased use of AI and virtual tools.
“THG Nutrition has delivered its fourth consecutive quarter of revenue growth, driven by the strength of the Myprotein brand and our successful offline global expansion strategy which has seen us exceed our distribution targets across retail and licencing.
The group’s adjusted EBITDA expectations for the year remain unchanged.
Looking ahead, Moulding said: “We enter the new year with strong trading momentum and a clear focus on continuing to deliver quality, value and newness for our customers.”
