THG reports highest quarterly growth since 2021

Shares of Manchester-based online retailing group THG plc rose as much as 6% on Tuesday after it published a third quarter trading statement for the period ended September 30, 2025, showing group revenue growth of 6.3% “following operating model changes and brand proposition investment.”

THG operates through two consumer businesses — THG Beauty and THG Nutrition.                

THG said: “Q3 2025 represents the highest organic quarterly growth since Q4 2021, driven by double digit growth (+10.0%) in THG Nutrition, alongside continued momentum in Beauty.”

THG CEO Matthew Moulding said: “I am pleased to report a solid Q3 performance, with a return to growth across both THG Beauty and THG Nutrition.

“In THG Beauty, our focus on commercial discipline and elevating the brand proposition has driven a return to revenue growth, supported by a strong advent launch.

“Within THG Nutrition, we remain on track with our focus on expanding Myprotein’s D2C market share, alongside accelerating our global offline presence through retail and brand partnerships. A number of exciting new partnerships are set to be announced soon, helping us to further build on this year’s positive momentum.

“Our progress is a direct result of the strategic initiatives and operational change we have implemented, and we are well positioned for the key trading period ahead.”