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THG labs has been developing and producing items for the Body Shop for some time ,all kept secret so I don't know the actual product lines.

Extra staff are employed to cope with the workload.

Thg has gained 5 days in a row....will it continue?

Anyone got info on moving averages?

Stock Invest US has THG as strong buy !

I don't know much about such things but apparently the technical analysis is looking good

Jet2 Chairman Philip Meeson, who transformed Jet2 from a cargo business he bought 40 years ago into the holiday giant it is today, has announced he is retiring.

Big shout out to everyone who kept the sp at this level. Thank you, I will be buying next week.

Interesting sunday coffee reading,..

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Home » Investing » THG Returns to Profit in FY 2025 as Turnaround Gains Momentum, Awaits Key VAT Ruling

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THG PLC

THG Returns to Profit in FY 2025 as Turnaround Gains Momentum, Awaits Key VAT Ruling

THG swings to £54.1m profit as turnaround gains steam. Key VAT ruling could bring £78m cash boost.

Joshua

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Written By

Joshua

READING TIME

» 6 minute read 🤓

THG FY 2025 results: profit on the board, momentum rebuilt, and a VAT wildcard

THG has posted a statutory profit after tax of £54.1m for FY 2025, swinging from a £326.1m loss last year. The turnaround is built on a much cleaner group after the Ingenuity demerger, a profitable disposal of Claremont Ingredients, and a strong second half in both Beauty and Nutrition. Guidance for FY 2026 is unchanged, with free cash flow expected to turn positive.

There is also a potentially material catalyst on the horizon: progress in the HMRC case on the VAT treatment of protein powders. If successful, THG expects a cash repayment of about £78m.

Key numbers at a glance

Metric FY 2025 FY 2024 (restated) Notes

Adjusted revenue £1,717.0m £1,751.4m +2.3% on a continuing constant currency basis

Adjusted EBITDA £76.6m (4.5%) £83.3m (4.8%) Ahead of guidance and company consensus

Operating profit/(loss) £8.1m £(147.9)m Helped by lower adjusting items and Claremont disposal gain

Profit after tax £54.1m £(326.1)m Includes £60.5m gain on Claremont and £117.8m profit on Ingenuity demerger

Net debt before lease liabilities £233.0m £304.3m Debt facilities extended to 2029

Cash and available facilities c.£333m n/a £183.1m cash + undrawn £150m RCF

Free cash flow £(51.8)m £0.4m Stock build after strong Cyber period; expected to unwind in 2026

Q4 revenue growth (CCY) +7.2% n/a Record H2 performance; H2 CCY +6.8%

Beauty accelerates: Lookfantastic drives best Q4 since 2021

THG Beauty showed genuine improvement through the year. Reported revenue was £1,107.9m (-5.4%), but on a continuing constant currency basis the division grew +0.2% after exiting non-core, loss-making areas and cycling FX and one-offs. H2 growth was +5.4% versus -5.9% in H1.

Lookfantastic UK delivered +16.2% growth during the key Cyber period.

THG says Lookfantastic is the #1 multi-brand beauty retailer on TikTok Shop, with sales via that channel up 112% year-on-year in November’s peak.

Over 80 new brand launches and an own-brand refresh (including Ameliorate) supported the offer.

Margins held up close to guidance despite extra marketing: gross margin 39.3% (40.0% FY 2024) and Adjusted EBITDA margin 5.9% (6.1% FY 2024). Distribution efficiency improved too, aided by UK automation.

Nutrition grows every quarter, but whey and yen squeez

Is it true that thg is a profitable business.?

Agronomics Limited announced that Executive Chair Jim Mellon acquired a total of 3,308,995 ordinary shares across four transactions between March 6th and March 12th, 2026, at prices ranging from 6.6 to 7.0 pence per share. Following these purchases, Mellon's total interest in the company, including associated entities, now stands at 165,775,997 ordinary shares, representing 15.69% of the total voting rights.

Lots of chunky trades over the last few days, I wonder who it is ?

If you don't know what to think, remember it always darkest before the dawn.

Thanks OSG,your comments are always appreciated.

It is Strangely quiet here tonight given the activity leading up to close of trading today.

Perhaps we have hit the bottom and may rise up into the results or the fudsters have gone home !

06-Mar-26 16:24:09 31.628 632,378 Sell* 200.01k O

06-Mar-26 16:22:51 31.65 200,000 Sell* 63.30k O

06-Mar-26 16:21:00 31.636 8,000 Sell*

I think these were all buys as the 8000 was my little top up.

Crafty was on last night!

Https://www.google.com/search/about-this-image?img=H4sIAAAAAAAA_wEXAOj_ChUI8_Tg8dnk3K0kELj0_s_uqsLdggHtoY9fFwAAAA%3D%3D&q=https:%2F%2Fwww.linkedin.com%2Fposts%2Fmyprotein_elevating-lunchtime-with-our-latest-launch-activity-7426666669290287104-__Z5&cs=1&sa=X&ved=0CAIQz48LKABqFwoTCNi77uiyzpIDFQAAAAAdAAAAABAE

Link was posted 14 hrs ago but now deleted.

Tag line reads ,Elevating lunchtime with our latest launch.

Strange why it's now removed!

Source: LinkedIn https://share.google/zXBa2NvxB3fHttVPA

And Huddled group mentioned £5 for thg fulfilment,when some posters on here have said remainco is paying much more!

Huddled group rns mentioned £5 THG fulfilment cost, doesn't seem expensive !

As announced on 21 January 2026, early trials on the 'deal' sites such as HotUKDeals and Latest Deals, and via marketplaces are very encouraging. The initial trial on one of the 'deal' sites generated circa 900 orders, and circa £40,000 of revenue at a margin, after all direct costs, fulfilment, postage, packaging, and processing fees, of circa £5 per order, in under 24 hours.

This is interesting.

https://simplywall.st/stocks/us/capital-goods/nyse-rok/rockwell-automation/news/how-thg-nutritions-plex-mes-win-at-rockwell-automation-rok-h

Maybe some new information emerged from the jpm event (yet to be made public)that has prompted a rethink by persons unknown, hence the huge volume on Friday. It is all very intriguing.