Financial Performance
2025 Annual Report
View Previous Years-
Revenue (£m)
2024: 1751.4
-2.0%1717
-
Gross Margin %
2024: 41.50%
-80bps40.70%
-
Adjusted EBITDA
2024: 83.3
-8.1%76.6
A summary of our recent financial performance.
| FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | |
|---|---|---|---|---|---|
| Revenue | 1717 | £1,688.3m | £1,731.2m | £2,239.2m | £2,179.9m |
| EBITDA | 76.6 | £92.1m | £111.3m | £64.1m | £161.3m |
| Adj EBITDA % | 4.5% | 5.5% | 6.4% | 2.9% | 7.4% |
Adjusted EBITDA represents the streamlined Group moving forward, THG Beauty and THG Nutrition, net of central costs, excluding THG Ingenuity and discontinued categories. This will be the basis for THG PLC's reported results from FY 2025. Numbers rounded to the nearest GAAP. FY 2022 to FY 2020 reported on a pre-demerger basis for the group including THG Ingenuity.