THG hails strong beauty growth in trading update ahead of 2026 AGM

THG, the owner of Lookfantastic, has provided an update on trading ahead of its Annual General Meeting (AGM) for 2026, with beauty being a standout performer.

Full-year revenue, adjusted EBITDA and cash are expected to be in line with company expectations for the remainder of the year.

This is based on H1 revenue growth of 6.5%, compared with the 2.5% decrease for the same period last year, and H1 adjusted EBITDA of at least £40m, a 95% increase year-on-year.

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“We are on track with our growth and margin expansion strategy across the group,” said Matthew Moulding, CEO of THG.

“By prioritising home markets and trending categories in THG Beauty, we continue to drive high-quality growth across an expanding customer base.”

THG Beauty's revenue growth in 2026 has been underpinned by a strong skin care performance, up 9.2% in the year to date.

Beauty retailer Lookfantastic continues to be supported by new brand launches, including Dyson, BEAME and Dr. Loretta, alongside a growing active customer base.

Lookfantastic has also seen strong performance on TikTok Shop, delivering revenue growth of 48% in Q2 2026 as a multi-brand beauty retailer.

Elsewhere, campaign and ambassador activity have also supported growth.

The recent reveal of television personality Olivia Attwood as an ambassador for Lookfantastic delivered strong conversion and positive brand momentum, according to THG.

Moulding added: "The group continues to deliver strong year-on-year adjusted EBITDA growth, notwithstanding the broader macroeconomic backdrop, including unprecedented whey commodity inflation levels.”

The trading update follows THG reporting a bumper year in 2025, driven by its beauty division.