Manchester-based online retailing group THG plc published a “strong” fourth quarter trading statement for the period ended December 31, 2025.

“Q4 was the strongest quarter of FY 2025 for Group revenue growth at +7.0%, building on the previous quarter high of +6.3%, supported by a successful November and December performance (c.+8%), and robust commercial discipline,” said the Manchester group.

“The Group delivered FY revenue growth of +2.3%, the first year of growth since 2021, and a pleasing recovery from the H1 revenue decline of -2.5% …

“THG Beauty delivered its strongest Q4 growth performance since Q4 2021, well ahead of revenue guidance driven by Lookfantastic (+16.2%) in the UK and Ireland. The effect of discontinued activities and asset disposals (including the sale of the luxury portfolio) impacted full year and Q4 2025 reported revenue growth by 460bps and 370bps respectively …”

THG CEO Matthew Moulding said: “We finished 2025 on a high with our best quarter of the year thanks to a strong November and December period.

“In THG Beauty, our strategy to focus on core categories and territories is delivering clear results, with Lookfantastic UK achieving exceptional growth.

“We continue to accelerate our digital leadership, prioritising high-margin prestige brands and enhancing personalisation by increased use of AI and virtual tools. 

 “THG Nutrition has delivered its fourth consecutive quarter of revenue growth, driven by the strength of the Myprotein brand and our successful offline global expansion strategy which has seen us exceed our distribution targets across retail and licencing.

 “We enter the new year with strong trading momentum and a clear focus on continuing to deliver quality, value and newness for our customers.”