The Beauty Tech Group PLC

TBTG · Main Market · Personal Care, Drug and Grocery Stores · mcap £458m · 432.0p

The group designs and sells at-home beauty devices, mainly under its own brands such as Tria laser hair removal and the ziip skincare device. It sells online and through retailers in several markets.

Financials · LTM to 30 Jun 26

Source: results 17 Sep 26 ↗

Revenue: £165m
Operating profit: £29.7m
Net income: £19.6m
Free cash flow: £42.0m
Net cash: £52.0m
Market cap: £477m
EV / EBIT: 14.4×
FCF yield: +8.8%
Price / book: 4.5×

Latest half-year · H1 26 vs H1 25 results 17 Sep 26 ↗

Revenue: £79.7m
Operating profit: £16.8m
Net income: £12.5m
Cash from operations: £14.2m

Extracted automatically from the company's results announcements; check the source before relying on a figure. Not investment advice.

As reported Key figures

Income statement Balance sheet Cash flow

Annual Half-yearly

Every line as the company printed it, newest first – each period in the latest version the company published (restated figures where a later report restated them), in its own currency and units. Italic = calculated (H2 = full year − first half). The column headings link to the announcements.

Latest report: H1 26 (six months to 30 Jun 26), published 17 Sep 26 · read the results ↗

The income statement could not be read from the annual results announcements – see Key figures.

	30 Jun 26 source	31 Dec 25£'000 source	31 Dec 24£'000 source
Non-current assets
Property, plant and equipment	3,245	3,402	1,368
Right-of-use assets	4,087	3,760	1,822
Intangible assets	52,066	52,363	53,618
Deferred tax assets	1,968	1,326	284
Total non-current assets	61,366	60,851	57,092
Current assets
Inventories	13,503	19,212	17,078
Trade and other receivables	12,962	18,190	16,630
Cash and cash equivalents	52,021	40,796	14,538
Income tax assets	317	–	–
Total current assets	78,803	78,198	48,246
Total assets	140,169	139,049	105,338
Current liabilities
Trade and other payables	18,029	32,661	20,992
Lease liabilities	441	372	297
Tax liability	–	481	3,955
Income tax liabilities	-	–	–
Borrowings	-	-	71
Provisions	6,011	5,882	2,155
Total current liabilities	24,481	39,396	27,470
Non-current liabilities
Lease liabilities	3,910	3,527	1,753
Borrowings	-	-	41,541
Contingent consideration	1,761	1,650	2,620
Deferred tax liabilities	3,577	4,551	3,838
Total non-current liabilities	9,248	9,728	49,752
Total liabilities	33,729	49,124	77,222
Net assets	106,440	89,925	28,116
Equity
Share capital	11,070	11,070	8,790
Share premium	57,724	57,724	-
Foreign currency translation reserve	166	(197)	(135)
Share-based payment reserve	4,574	951	4,119
Capital contribution reserve	49,562	49,562	45,856
Capital redemption reserve	348	348	348
Merger reserve	(19,618)	(19,618)	(18,511)
Treasury shares	(12,195)	(12,195)	-
Retained earnings	14,809	2,280	(12,351)
Total equity	106,440	89,925	28,116

	30 Jun 26 source	31 Dec 25£'000 source	30 Jun 25 source	31 Dec 24£'000 source
Non-current assets
Property, plant and equipment	3,245	3,402	2,848	1,368
Right-of-use assets	4,087	3,760	3,640	1,822
Intangible assets	52,066	52,363	52,867	53,618
Deferred tax assets	1,968	1,326	284	284
Total non-current assets	61,366	60,851	59,639	57,092
Current assets
Inventories	13,503	19,212	22,653	17,078
Trade and other receivables	12,962	18,190	14,058	16,630
Cash and cash equivalents	52,021	40,796	8,603	14,538
Income tax assets	317	–	-	–
Total current assets	78,803	78,198	45,314	48,246
Total assets	140,169	139,049	104,953	105,338
Current liabilities
Trade and other payables	18,029	32,661	12,981	20,992
Lease liabilities	441	372	347	297
Tax liability	–	481	–	3,955
Income tax liabilities	-	–	2,942	–
Borrowings	-	-	5,000	71
Provisions	6,011	5,882	2,898	2,155
Total current liabilities	24,481	39,396	24,168	27,470
Non-current liabilities
Lease liabilities	3,910	3,527	3,636	1,753
Borrowings	-	-	38,651	41,541
Contingent consideration	1,761	1,650	2,525	2,620
Deferred tax liabilities	3,577	4,551	3,843	3,838
Total non-current liabilities	9,248	9,728	48,655	49,752
Total liabilities	33,729	49,124	72,823	77,222
Net assets	106,440	89,925	32,130	28,116
Equity
Share capital	11,070	11,070	8,790	8,790
Share premium	57,724	57,724	-	-
Foreign currency translation reserve	166	(197)	(52)	(135)
Share-based payment reserve	4,574	951	4,701	4,119
Capital contribution reserve	49,562	49,562	47,142	45,856
Capital redemption reserve	348	348	347	348
Merger reserve	(19,618)	(19,618)	(19,252)	(18,511)
Treasury shares	(12,195)	(12,195)	-	-
Retained earnings	14,809	2,280	(9,546)	(12,351)
Total equity	106,440	89,925	32,130	28,116

	FY 25£'000 source	FY 24£'000 source
Cash flows from operating activities
Profit for the period/year	9,929	1,701
Adjustments for
Depreciation of property, plant and equipment	459	183
Amortisation of right of use assets	541	335
Amortisation of intangible assets	4,751	3,849
Impairment loss on goodwill	-	3,600
Loss on disposal of intangible assets	-	3
Share-based payment expense	1,533	836
Fair value gain on foreign exchange forward contracts	-	(112)
Finance costs	6,807	8,631
Foreign exchange loss	428	408
Interest paid on borrowings	(1,680)	(2,503)
Taxation	5,311	3,447
Total adjustments for	28,079	20,378
Increase in inventories	(2,371)	(3,019)
(Increase)/decrease in trade and other receivables	(1,627)	(7,983)
Increase/(decrease) in trade and other payables	12,234	6,269
Increase in provisions	3,727	1,381
Cash generated from operations	40,042	17,026
Taxation paid	(9,193)	(1,552)
Net cash flows from operating activities	30,849	15,474
Cash flows from investing activities
Purchases of property, plant and equipment	(2,533)	(919)
Purchase of intangible assets	(3,656)	(3,952)
Advances to Directors	-	(2,750)
Net cash used in investing activities	(6,189)	(7,621)
Cash flows from financing activities
Issue of ordinary shares	28,555	-
Repayments of lease liabilities	(301)	(254)
Interest paid on lease liabilities	(349)	(193)
Drawdown of bank loans	25,000	13,540
Share issue costs on shares issued on IPO	(1,003)	-
Repayment of bank loans	(49,876)	(18,035)
Net cash flows from/(used in) financing activities	2,026	(4,942)
Net increase in cash and cash equivalents	26,686	2,911
Cash and cash equivalents at beginning of year	14,538	12,035
Foreign exchange (losses)/gains	(428)	(408)
Cash and cash equivalents at end of year	40,796	14,538

	H1 26 source	H2 25£'000 calc.	H1 25 source
Cash flows from operating activities
Profit for the period	12,527	–	2,807
Adjustments for
Depreciation of property, plant and equipment	311	341	118
Amortisation of right-of-use assets	375	285	256
Amortisation of intangible assets	2,639	2,556	2,195
Share-based payment expense	3,393	951	582
Fair value (gain)/loss on foreign exchange forward contracts	(311)	–	301
Finance costs	306	2,843	3,964
Foreign exchange (gain)/loss	(237)	–	881
Interest paid on borrowings	-	(730)	(950)
Taxation	4,981	3,115	2,196
Total adjustments for	23,984	15,729	12,350
Decrease/(increase) in inventories	5,753	–	(6,008)
Decrease/(increase) in trade and other receivables	5,532	(3,117)	1,490
(Decrease)/increase in trade and other payables	(14,640)	20,998	(8,764)
Increase in provisions	197	2,977	750
Cash generated from operations	20,826	40,224	(182)
Taxation paid	(6,613)	(5,985)	(3,208)
Net cash flows from/(used in) operating activities	14,213	–	(3,390)
Cash flows from investing activities
Purchases of property, plant and equipment	(394)	(908)	(1,625)
Purchase of intangible assets	(2,363)	(1,994)	(1,662)
Net cash used in investing activities	(2,757)	(2,902)	(3,287)
Cash flows from financing activities
Issue of Ordinary Shares	-	28,555	-
Repayments of lease liabilities	(177)	(178)	(123)
Interest paid on lease liabilities	(216)	(191)	(158)
Drawdown of bank loans	-	-	25,000
Share issue costs on shares issued on IPO	-	(1,003)	-
Repayment of bank loans	-	(37,038)	(12,838)
Repayment of loan notes	-	–	(9,258)
Repayment of preference shares	-	–	(1,000)
Net cash flows from/(used in) financing activities	(393)	403	1,623
Net increase/(decrease) in cash	11,063	–	(5,054)
Cash at beginning of period	40,796	–	14,538
Effect of foreign exchange on cash	162	–	(881)
Cash and cash equivalents at end of period	52,021	–	8,603

	LTM Jun 26	FY 25	FY 24
Revenue to operating profit
Revenue	165.5	141.0	101.1
Gross profit	106.0	88.3	57.4
Adjusted EBITDA	44.9	37.5	22.9
Operating profit	29.7	22.2	12.5
Depreciation (owned assets)	0.7	0.5	0.2
Depreciation (right-of-use)	0.7	0.5	0.3
Amortisation	5.2	4.8	3.8
Share-based payments	4.3	1.5	0.8
Operating profit to net income
Finance costs	3.1	6.8	8.6
Profit before tax	27.7	15.2	5.1
Tax	–	(5.3)	(3.4)
Net income (owners)	19.6	9.9	1.7
Per share
EPS basic	19.6p	11.0p	2.0p

	H1 26	vs H1 25	H2 25	H1 25
Revenue to operating profit
Revenue	79.7	+44%	85.8	55.2
Gross profit	51.3	+53%	54.7	33.6
Adjusted EBITDA	21.3	+53%	23.6	13.9
Adjusted operating profit	18.0	+58%	–	11.4
Operating profit	16.8	+81%	12.9	9.3
Depreciation (owned assets)	0.3	+164%	0.3	0.1
Depreciation (right-of-use)	0.4	+46%	0.3	0.3
Amortisation	2.6	+20%	2.6	2.2
Share-based payments	3.4	+483%	1.0	0.6
Operating profit to net income
Finance costs	0.3	−92%	2.8	4.0
Profit before tax	17.5	+250%	10.2	5.0
Net income (owners)	12.5	+346%	7.1	2.8
Per share
EPS basic	11.8p	–	7.8p	3.2p
EPS diluted	11.3p	–	–	3.2p

	LTM Jun 26	FY 25	FY 24
Operating activities
Cash from operations	48.5	30.8	15.5
Interest paid	(0.7)	(1.7)	(2.5)
Tax paid	(12.6)	(9.2)	(1.6)
Investing activities
Capex (PP&E)	(1.3)	(2.5)	(0.9)
Capex (intangibles)	(4.4)	(3.7)	(4.0)
Financing activities
Lease principal paid	(0.4)	(0.3)	(0.3)
Lease interest paid	(0.4)	(0.3)	(0.2)
Shares issued	28.6	28.6	0.0

	H1 26	vs H1 25	H2 25	H1 25
Operating activities
Cash from operations	14.2	n/m	34.2	(3.4)
Interest paid	0.0	n/m	(0.7)	(0.9)
Tax paid	(6.6)	+106%	(6.0)	(3.2)
Investing activities
Capex (PP&E)	(0.4)	−76%	(0.9)	(1.6)
Capex (intangibles)	(2.4)	+42%	(2.0)	(1.7)
Financing activities
Lease principal paid	(0.2)	+44%	(0.2)	(0.1)
Lease interest paid	(0.2)	+37%	(0.2)	(0.2)
Shares issued	0.0	n/m	28.6	0.0

	30 Jun 26	31 Dec 25	31 Dec 24
Non-current assets
Other intangibles	–	52.4	53.6
Property, plant & equipment	3.2	3.4	1.4
Non-current assets	61.4	60.9	57.1
Current assets
Inventories	13.5	19.2	17.1
Trade receivables	13.0	18.2	16.6
Cash	52.0	40.8	14.5
Current assets	78.8	78.2	48.2
Total assets	140.2	139.0	105.3
Current liabilities
Trade payables	18.0	32.7	21.0
Borrowings, current	0.0	0.0	0.1
Lease liabilities, current	0.4	0.4	0.3
Current liabilities	24.5	39.4	27.5
Non-current liabilities
Borrowings, non-current	0.0	0.0	41.5
Lease liabilities, non-current	3.9	3.5	1.8
Deferred consideration	1.8	1.6	2.6
Non-current liabilities	9.2	9.7	49.8
Total liabilities	33.7	49.1	77.2
Equity
Total equity	106.4	89.9	28.1
Net cash and other figures
Net cash / (debt) ex leases	52.0	40.8	(27.1)
Treasury shares	–	-12.2m	0.0m
Undrawn facilities	12.5	5.0	–

	30 Jun 26	31 Dec 25	30 Jun 25	31 Dec 24
Non-current assets
Other intangibles	–	52.4	–	53.6
Property, plant & equipment	3.2	3.4	2.8	1.4
Non-current assets	61.4	60.9	59.6	57.1
Current assets
Inventories	13.5	19.2	22.7	17.1
Trade receivables	13.0	18.2	14.1	16.6
Cash	52.0	40.8	8.6	14.5
Current assets	78.8	78.2	45.3	48.2
Total assets	140.2	139.0	105.0	105.3
Current liabilities
Trade payables	18.0	32.7	13.0	21.0
Borrowings, current	0.0	0.0	5.0	0.1
Lease liabilities, current	0.4	0.4	0.3	0.3
Current liabilities	24.5	39.4	24.2	27.5
Non-current liabilities
Borrowings, non-current	0.0	0.0	38.7	41.5
Lease liabilities, non-current	3.9	3.5	3.6	1.8
Deferred consideration	1.8	1.6	2.5	2.6
Non-current liabilities	9.2	9.7	48.7	49.8
Total liabilities	33.7	49.1	72.8	77.2
Equity
Total equity	106.4	89.9	32.1	28.1
Net cash and other figures
Net cash / (debt) ex leases	52.0	40.8	–	(27.1)
Treasury shares	–	-12.2m	–	0.0m
Undrawn facilities	12.5	5.0	–	–

Read automatically from each results announcement. Check the source before relying on a figure.

Company filings. Not investment advice.