THG

THG shares fell about 13.4% to 27.44 pence after the company published interim results for H1 2026. Revenue rose on a constant-currency basis to £828.7m (+7.2%) and adjusted EBITDA doubled to £42.8m, but management’s warning that the abolition of the EU de-minimis rule and the introduction of a flat €3 fee per parcel will dampen Q3 revenue growth to around 2% unsettled investors. THG Beauty is expected to be particularly affected; additionally weighed down were an outstanding VAT claim in Nutrition of £60m and net debt of £329.7m. Management expects a recovery with 6–7% growth in Q4 and confirms the full-year guidance, but short-term execution and balance-sheet risks pushed the stock to a 52-week low. » Altro su de.investing.com

THG increased revenue in H1 2026 by 7.2% to £828.7m and doubled adjusted EBITDA to £42.8m. Myprotein sold 58.5 million units (+57%) and management is targeting positive free cash flow of £25–35m for 2026 as well as a reduction in leverage by the end of 2027. Despite improved profitability, the share fell about 6.8% to $29.53 as investors await sustained evidence of growth amid uncertainties over asset disposals and supply‑chain and customs concerns. THG highlights progress on restructuring and plans further growth in nutrition and beauty, including the use of AI in the beauty segment. » Altro su de.investing.com

THG reported a 2.3% revenue increase for the 2025 financial year to £1.72 billion and an operating profit of £8.1 million after a prior-year loss. Adjusted EBITDA was £76.6 million (4.5% of revenue); the second half beat analyst expectations by around 15%. The company reduced debt, extended credit facilities to 2029 and completed the demerger of THG Ingenuity. Free cash flow remained negative in 2025 at -£51.8 million; management expects positive free cash flow of £25–50 million in 2026 and confirms growth expectations for revenue and adjusted EBITDA. » Altro su de.investing.com

THG reports an adjusted EBITDA of £76.6 million for 2025, slightly above analysts' expectations of £74.9 million. The company posted currency-adjusted revenue growth of 6.8% in continuing operations in H2 and a recovery in EBITDA, while Beauty and Nutrition have gained momentum. For 2026 THG confirms a consensus EBITDA of £101 million, expects free cash flow of £25–50 million and targets a reduction in net debt to £105–130 million; a successful VAT reclaim could bring in around £78 million. There is a one-off cash charge of about £7 million related to changes in the Nutrition business model for Asia, and the outlook assumes no prolonged geopolitical supply-chain disruptions. » Altro su de.investing.com

THG reported a profit after tax of £54.1m for the year ending 31 December 2025, after a prior-year loss of £326.1m. Revenue from continuing operations was £1,717.0m (constant currency +2.3%) and adjusted EBITDA was £76.6m, above the forecast of around £74m. Net debt fell to £233.0m; for 2026 the company is targeting £110–130m and forecasts free cash flow of £25–50m before strategic disposals. THG also applied for a VAT refund of around £78m related to protein powder and certain dietary supplements. » Altro su de.investing.com