**THG PLC Q4 2025 Trading Statement Summary:**
THG PLC reported strong performance in Q4 2025, with record revenue growth driven primarily by its THG Beauty and THG Nutrition segments. Key highlights include
1. **Revenue Growth**
Group revenue grew by **+7.0%** in Q4 2025, the strongest quarter of the year, supported by robust November and December performance (+8%).
Full-year revenue growth was **+2.3%**, the first year of growth since 2021, recovering from a -2.5% decline in H1 2025.
2. **Segment Performance**
**THG Beauty**Delivered **+6.4%** Q4 revenue growth, with Lookfantastic UK leading at **+16.2%**. Full-year growth was **+0.3%**, impacted by asset disposals and discontinued activities.
**THG Nutrition**Achieved **+8.5%** Q4 revenue growth (excluding Asia), driven by Myprotein’s strength and offline retail expansion. Full-year growth was **+6.2%**, with activewear and creatine categories outperforming.
3. **Strategic Initiatives**
THG Beauty focused on core categories and territories, leveraging AI and virtual tools for personalization.
THG Nutrition expanded partnerships (e.g., Mars, Iceland) and diversified into new categories like activewear, selling over 500,000 women’s leggings in 2025.
4. **Financial Health**
Highly liquid balance sheet with over **£330m** in cash and available facilities at year-end.
Adjusted EBITDA expectations for FY 2025 remain unchanged and in line with consensus.
5. **Outlook**
Strong trading momentum into Q1 2026, with high confidence in THG Beauty and THG Nutrition’s continued growth.
Focus on delivering quality, value, and innovation for customers, supported by digital leadership and global expansion.
**CEO Comment**
Matthew Moulding highlighted the strong finish to 2025, driven by THG Beauty’s core strategy and THG Nutrition’s offline expansion. He emphasized continued focus on digital leadership, personalization, and global growth in 2026.
**Note**The results reflect the impact of disposals and discontinued activities, which reduced full-year revenue growth by 330bps. These factors have largely annualized, setting a clearer path for future growth.