The Beauty Tech (LSE:TBTG) Group, owner of the CurrentBody Skin, ZIIP Beauty and Tria Laser at-home beauty device brands, reported revenue of £79.7m for the six months to 30 June, up 44.3% from £55.2m a year earlier.
Adjusted EBITDA grew faster than revenue, rising 53.0% to £21.3m, with margin expanding to 26.7% from 25.2%.
Gross margin reached 64.4%, a half-year record, with CurrentBody Skin, which made up 89.2% of group revenue, improving margin by 4.5 percentage points to 66.1%.
Profit before tax rose 250% to £17.5m, helped by the removal of pre-IPO financing costs, while the group ended the period with £52m of net cash and no debt.
"I remain confident in the outlook for the year", said founder and chief executive Laurence Newman, pointing to momentum entering the seasonally stronger second half and a significant product launch pipeline.
The board now expects full-year Adjusted EBITDA of no less than £48.5m, ahead of prior guidance, while reiterating revenue guidance of at least £170m issued on 7 July.
The company separately announced an intention to launch a share buyback programme of up to £20m, and confirmed no interim dividend will be paid.
Dr Marnie Millard OBE joined the board as senior independent director on 1 July, succeeding Simon Cooper, who stepped down on 31 August.
News Intelligence what this means for the company
Beauty Tech Group raised full-year Adjusted EBITDA guidance to at least £48.5m after first-half revenue grew 44.3% to £79.7m and Adjusted EBITDA expanded 53.0% to £21.3m, with gross margin hitting a half-year record of 64.4%. The acceleration in EBITDA growth relative to revenue—and margin improvement driven by operating leverage—signals the business is scaling profitably, while the £52m net cash position and zero debt provide flexibility for the announced £20m buyback programme.
The combination of 44% revenue growth, 53% EBITDA growth, and record gross margins demonstrates the at-home beauty device portfolio is gaining traction and converting sales into profit at an accelerating rate. The raised EBITDA guidance and strong cash generation (£52m net cash, no debt) support the buyback announcement and suggest management confidence in sustained momentum through the seasonally stronger second half.
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