THG (LSE:THG) reported group revenue of £828.7 million for the six months ended 30 June 2026, an increase of 7.2% year on year and ahead of the company’s guidance.
Adjusted EBITDA more than doubled to £42.8 million, while the group adjusted EBITDA margin increased by 210 basis points to 5.2%.
THG also reported its highest first-half free cash flow since 2021. Cash and available facilities stood at £238.7 million at the end of the period, while net debt was £329.7 million.
Myprotein Revenue Rises 9.2%
THG Nutrition recorded a 9.2% increase in Myprotein revenue, while gross margin reached 44.6%.
Adjusted EBITDA for the division more than tripled compared with the corresponding period a year earlier.
THG cited pricing, product innovation, VAT benefits and licensing partnerships among the factors affecting the division’s results. Licensing agreements also generated royalty income and expanded the availability of Myprotein products through third-party retail channels.
THG Beauty Revenue Increases 5.9%
THG Beauty reported revenue growth of 5.9%, while adjusted EBITDA increased by almost 24%.
The company said Lookfantastic and Dermstore increased their market shares during the period. Trading was also supported by the addition of prestige beauty brands and demand for Korean beauty products.
THG continued to introduce artificial intelligence-based tools across its digital operations, including technology designed to support customer interactions and product discovery.
More about THG
THG PLC is a consumer brands group focused primarily on nutrition and beauty products.
Its nutrition operations include Myprotein, which sells sports nutrition and related products through digital and third-party retail channels.
THG Beauty operates e-commerce platforms including Lookfantastic and Dermstore, selling beauty and skincare products.
The group also uses licensing and business-to-business partnerships to distribute its brands through channels outside its direct-to-consumer platforms.
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