**Summary**
THG PLC announced the disposal of Claremont Ingredients to Nactarome Group for £103 million in cash, marking a significant return on investment since its acquisition in 2020 for £52 million. This move aligns with THGs strategy to simplify its portfolio and reduce net leverage. Claremont, a leading flavour manufacturing specialist, enhanced Myproteins capabilities, and its relationship will be maintained through a long-term supply contract. The sale proceeds will contribute to THGs goal of achieving a net cash balance sheet.
**Financial Highlights**
H1 2025 adjusted EBITDA was £24 million, down from £37.1 million in H1 2024, primarily due to higher whey pricing.
Net debt reduced to £330 million (from £350 million in H1 2024), expected to drop further to £230 million post-Claremont disposal.
Group FY 2025 and FY 2026 EBITDA will decrease by £5 million and £10 million, respectively, due to the disposal.
**Strategic Updates**
THG Nutrition expects 10-12% revenue growth in H2 2025, driven by stable whey prices and rising consumer prices.
Myprotein will limit price increases in H2 to prioritize market share growth and customer loyalty, supported by a £15 million investment in 2025.
THG Beauty also saw improved revenue growth in H2.
**CEO Commentary**
Matthew Moulding highlighted Claremonts success in building Myproteins global licensing franchise and emphasized the disposals strategic alignment with THGs focus on core strengths and balance sheet strength.
**About THG PLC**
THG is a global e-commerce group with two main divisions: THG Beauty (online platforms like Lookfantastic and Cult Beauty) and THG Nutrition (led by Myprotein, the worlds largest online sports nutrition brand).