Published: January 13, 2026 at 8:08 am
THG, the owner of brands including Lookfantastic, Dermstore, Cult Beauty and Myprotein, has provided a stellar trading update for Q4 2025.
The Manchester-headquartered eCommerce retailer ended 2025 with its strongest quarter of trading with group revenue growth up 7 per cent, building on the previous quarter high of 6.3 per cent.
It meant that THG Group delivered FY revenue growth of 2.3 per cent, the first year of growth since 2021, and a significant recovery from the H1 revenue decline of 2.5 per cent.
Last January the loss-making THG Ingenuity split from the profitable THG Beauty and THG Nutrition to become a standalone business.
THG founder and CEO Matt Moulding said: “We enter the new year with strong trading momentum and a clear focus on continuing to deliver quality, value and newness for our customers.”
One analyst told BusinessCloud: “These are a really good sets of results. It’s really good to see both side of the business doing well. It feels like momentum is back with THG.”