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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.Q3 2025 TU earnings summary14 Oct, 2025
Executive summary
Q3 2025 delivered the highest organic growth rate since COVID, with Group revenue up 6.3% year-over-year, returning to year-to-date growth and reflecting successful business model changes and operational improvements.
Both Beauty and Nutrition divisions returned to growth, with Nutrition achieving double-digit growth and Beauty showing its highest growth since Q1 2024.
Focus remains on sustainable growth, market position strengthening, and customer engagement, with both divisions contributing positively.
Financial highlights
Q3 2025 Group revenue reached £405.2m, up 6.3% year-over-year on a continuing constant currency basis.
Myprotein achieved 10% revenue growth, with strong performance in both online and offline channels.
Lookfantastic UK delivered double-digit revenue growth, supported by a successful advent calendar launch.
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
Entering the busiest and most profitable quarter, with H2 group growth guidance of 3.9% to 5.9%.
Beauty H2 2025 revenue guidance: +1.0% to +3.0%; Nutrition: +10.0% to +12.0%.
Q3's 6.3% growth positions the group favorably for the remainder of the year and into 2026, with full-year expectations unchanged and in line with consensus.
Confidence in continued momentum due to successful operating model changes and cost efficiencies.
How will annualised disposals affect Q4 revenue?
Detail Nutrition's global retail expansion strategy.
How is Beauty sustaining subscription revenue growth?
Nutrition's highest gross profit category?
Beauty own brand performance update.
Further asset disposal plans?
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H2 202529 Apr, 2026
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Frequently asked questions
THG plc, operates as an online retailer and technology company in the United Kingdom, Europe, and internationally. The company operates through four segments: Health and Beauty; Psychological Testing; Tech Brands; and Liquor. It also offers products in various categories, including skincare, supplements, sports nutrition, accessories, makeup and hair care products, as well as fragrances. In addition, the company provides furniture in various categories comprising dining room furniture; bedroom furniture; kitchen dining sets; sofas; study and desk chairs; bar stools and tables. Further, it operates an online marketplace that offers apparel and accessories brands for women worldwide. THG plc was founded in 2004 and is based in Manchester, the United Kingdom.
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