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THG (THG) investor relations material
THG Q3 2025 TU earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
Executive summary
Q3 2025 delivered the strongest organic sales growth since 2021, with Group revenue up 6.3% year-over-year, returning the Group to year-to-date revenue growth.
Both THG Beauty and THG Nutrition segments accelerated, with Nutrition achieving double-digit growth and Beauty showing its highest growth since Q1 2024.
Financial highlights
Q3 2025 Group revenue reached £405.2m, up 6.3% year-over-year on a continuing constant currency basis.
THG Beauty Q3 revenue was £258.2m (+4.2% YoY CCY), while THG Nutrition was £147.0m (+10.0% YoY CCY).
Disposals and discontinued activities reduced Group Q3 revenue growth by 270bps.
US retail and subscription revenue in Beauty grew 22% YoY; Nutrition subscriptions rose 50% over H1 2025.
Outlook and guidance
H2 2025 revenue guidance: Beauty +1.0% to +3.0%, Nutrition +10.0% to +12.0%, Group +3.9% to +5.9%.
Q3 performance positions the Group favorably against guidance; full-year expectations remain unchanged and in line with consensus.
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