We have today announced our preliminary FY 2024 results and Q1 2025 trading statement, following what has been a transformative year for the business. We delivered a robust financial performance with adjusted EBITDA in-line with guidance and consensus.
Throughout 2024, we stayed focused on driving growth in the categories and territories where we have a compelling proposition, and a clear advantage.
Following on from the demerger of Ingenuity, we immediately undertook the early refinancing of the Group’s debt, reducing gearing and putting in place long-term facilities to the end of 2029, alongside entering the FTSE 250. From an operational perspective, we have delivered meaningful strategic progress within both our businesses.
Matthew Moulding, Group CEO commented: "Both our businesses have undertaken extensive model changes over the past 24 months. Beauty has focused on more profitable markets and building loyalty schemes, while Myprotein has pressed ahead in undertaking a successful rebrand, underpinning rapid growth across global offline retail and licensing."
"With a capex light and efficient cost base, we are well positioned to return to sustainable growth and cash generation, whilst developing market share."
#WeAreTHG
Manchester showed up & showed out this weekend for @hyroxuk 💪
Thousands of athletes took on the first UK HYROX competition of the year, and as headline sponsor, @myprotein was right there with them - fuelling every stage, from pre-workout prep to post-race recovery.
Four Myprotein athletes - Tim Wenisch, Seka Arning, Charlie Botterill, Sinéad Bent smashed unofficial world record - completing the relay in an incredible time of 46:42 🔥
#WeAreTHG
We're moving for our minds this Mental Health Awareness Week 💭
Huge thank you to @myprotein ambassador and HYROX athlete @dannyraehybrid for leading our MHAW Move Club in Manchester 💪
#LifeAtTHG
#MoveYourWay
Myprotein's Impact Whey has been named Best Buy Protein Powder by The Telegraph 💪
Recognised for its quality, value, performance and diverse range of flavours, it secures the top spot in its Best Buy Protein Powders of 2026 round-up with a five-star rating.
In the first episode of STRIPPED, @lookfantastic 's new YouTube series, @Olivia_Attwood joins Buying Director Lillie Ellis to put 12-step skincare routines under interrogation.
With years of experience in the beauty industry, Lillie puts her expertise on the record, while Liv brings the questions, the case files, and the zero tolerance for unnecessary noise.
Head to LOOKFANTASTIC's YouTube channel to subscribe and follow the case 🔎
#WeAreTHG
Will heads back to university knowing he can navigate change confidently and open doors for himself, and that he's found a career path he wants to follow.
This is what our Early Careers programme is all about.
We can't wait to see what he does next 👏
#WeAreTHG
@mpactivewear x @footasylum
MP Activewear has made its high street debut, landing IRL in 7 FOOTASYLUM stores across the UK including Manchester Arndale and London Oxford Street.
A major move for meeting more customers, including Footasylum's core audience of 16-24 year olds, and building the category at scale.
#WeAreTHG
The news is out! @Olivia_Attwood is LOOKFANTASTIC's newest brand ambassador.
She’s here to debunk beauty myths, champion an anti‑gatekeeping approach, and bring a refreshingly honest perspective - saying what everyone else is thinking (but won’t 👀).
One more icon is set to join LOOKFANTASTIC’s roster in 2026. Who could it be? 🤫
#WeAreTHG
