Key facts
- THG reported a 6.5% increase in revenue for the first half of the year.
- The company anticipates pre-tax earnings (EBITDA) of at least £40m for the first half.
- Adjusted EBITDA for the 12 months to May 2026 reached £94m, a 36% increase.
- Cash flows in the first half are projected to be the strongest since 2021.
- Growth was driven by THG Beauty's focus on home markets and trending categories, and THG Nutrition's Myprotein brand's expansion.
Ecommerce firm THG has reported a boost in first-half revenue and adjusted earnings, driven by growth in its nutrition and beauty divisions. The company announced a 6.5 per cent increase in revenue for the first half of the year and expects pre-tax earnings (EBITDA) of at least £40m for the period. Adjusted EBITDA in the 12 months to May 2026 was up 36 per cent to £94m, with cash flows for the first half projected to be the strongest since 2021.
Matthew Moulding, chief executive of THG, stated that the company is on track with its growth and margin expansion strategy. He highlighted that THG Beauty is driving high-quality growth across an expanding customer base by prioritizing home markets and trending categories. In THG Nutrition, the Myprotein brand has reached more consumers than ever, with year-to-date unit growth of 60 per cent supported by rapid retail expansion and category diversification.
The company expects full-year revenue, adjusted earnings, and cash to be in line with company consensus. THG is also awaiting a substantive response from HMRC regarding retrospective VAT claims worth around £78m, which it had successfully argued it overpaid on some protein powders. Shares rose 0.6 per cent to 31p on Wednesday morning.