Key Takeaways:Beauty and Nutrition divisions fueled THG’s strongest growth since 2021.Fourth-quarter performance exceeded guidance, signaling operational turnaround momentum.Balance sheet strength supports continued investment across beauty and wellness portfolios.THG PLC (formerly The Hut Group) closed out 2025 with strong revenue growth, marking its strongest fourth-quarter result since 2021 and outlining a broader operational turnaround in its Beauty and Nutrition businesses.According to the company’s Q4 2025 Trading Statement, THG delivered 7% YoY revenue growth on a constant-currency basis in the fourth quarter, outpacing earlier forecasts and continuing the strong momentum seen throughout the second half of the year. This result capped a full-year constant-currency increase of 2.3%, representing THG’s first annual growth since 2021 after several years of restructuring and strategic repositioning.Beauty Resurgence and Nutrition StrengthTHG Beauty—the company’s long-standing flagship vertical encompassing online destinations including Lookfantastic, Cult Beauty, and Dermstore—was a standout contributor in Q4. Segment revenue rose 5.5% in the second half of the year, significantly above initial guidance, and marked THG’s strongest quarterly beauty performance in four years. The uplift was broadly based across categories such as cosmetics and skincare, driven by UK and Ireland growth (notably double-digit gains from Lookfantastic) and record-high holiday advent sales.This rebound builds on earlier signals of recovery. In the third quarter of 2025, THG Beauty had already returned to YoY growth (+4.
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