THG returns to profitability with strong momentum. The e-commerce retailer posted adjusted revenue of £1.72bn for 2025, marking 2.3 percent growth on a constant currency basis. Performance was driven by robust results across its beauty and nutrition divisions, including flagship brands Lookfantastic, Myprotein, Dermstore, and Cult Beauty. The second half of the year proved particularly strong, helping the company overcome earlier challenges and return to adjusted EBITDA profitability. This turnaround reflects successful execution of THG's strategy to strengthen core brands and optimize operations across its portfolio. The growth in both beauty and nutrition segments demonstrates resilience in the consumer discretionary sector despite ongoing economic pressures. Investors will be watching whether THG can sustain this momentum into 2026 and continue margin expansion.
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