Liverpool-based sports nutrition, health and wellness brand Applied Nutrition saw a 6 per cent jump in its share price yesterday (Tuesday) after a positive trading update.
The firm’s share price closed on 256.50p – giving it a market cap of £641.25m.
It means Applied Nutrition now has a higher market cap than Manchester-headquartered eCommerce retailer THG, which stands at £586.60m.
Applied Nutrition has updated its full year forecasts for 2026 after performing significantly ahead of management expectations.
Revenues increased 57 per cent to £74.5m for the six months to the end of January 2026 (up from £47.6m on H1 FY25).
Why did THG’s share price fall 9% after positive trading update?
EBITDA for the period was also ‘ahead of management expectations’.
The group entered the January peak health, fitness and wellbeing period with retail orders and resultant customer stock levels ‘significantly above expectations’.
Reflecting the strong first‑half performance, the management currently expects full‑year revenue of approximately £140m.
Applied Nutrition will announce its interim results for the six months to January 2026 on March 23rd, 2026.
The positive results have been credited to the company’s channel diversification across UK high street health retailers, grocers and discounters.
Fitness enthusiast Thomas Ryder founded Applied Nutrition in 2014 and floated the business in 2024.
Last week it was announced Coleen Rooney had increased her shareholding in the company.
Fellow fitness enthusiast Matthew Moulding founded THG (then The Hut Group) in 2004 and grew revenues in 2025 to £1.7bn.
He oversaw THG’s IPO in 2020 but the share price has fallen from 500p to 35.76p.