Financial Performance
2024 Annual Report
View Previous Years-
Post-demerger Revenue
2023: £1.7bn
-0.40%£1.7bn
-
Gross Margin %
2023: 43.60%
-190bps41.70%
-
Post-demerger adjusted EBITDA
2023: 111.3m
-17.20%£92.1m
A summary of our recent financial performance.
The statistics for FY 2024 and FY 2023 reflect the latest published information on a post demerger basis. For financial years prior to 2023, these statistics represent the comparatives from the following years financial statements on a pre-demerger basis, including THG Ingenuity.
| FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | |
|---|---|---|---|---|---|
| Revenue | £1,688.3m | £1,731.2m | £2,239.2m | £2,179.9m | £1,613.6m |
| EBITDA | £92.1m | £111.3m | £64.1m | £161.3m | £150.8m |
| Adj EBITDA % | 5.5% | 6.4% | 2.9% | 7.4% | 9.3% |
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.