Revolution Beauty made adjusted EBITDA of £2.0m in the six months to 31 August 2026, compared with a £12.5m loss a year earlier. The loss before tax narrowed from £18.4m to £1.9m.
Revenue fell 2.0 per cent to £48.4m. The company says the prior period was inflated by clearance sales, discontinued brands and one-off licence income. Excluding those, underlying revenue grew 8.3 per cent.
Key figures
- Gross margin: 43.6 per cent, up from 32.2 per cent
- Operating costs: down 32.7 per cent to £19.1m
- Online sales across revolutionbeauty.com, TikTok Shop and Amazon: up 22 per cent, driven by TikTok Shop
- UK revenue: up 1.7 per cent to £15.6m
- US revenue: £10.2m (prior year £10.5m)
- Rest of world revenue: £22.6m (prior year £23.5m)
- Net debt: £25.7m, down from £30.2m a year earlier
- Cash: £4.3m
The company says it has made positive adjusted EBITDA every month for 13 consecutive months to 30 September. September and October trading has been in line with the board’s expectations. It expects full-year results at the top end of market forecasts, which it puts at revenue of £92.0m to £95.0m and adjusted EBITDA of £6.0m to £6.6m.
Debenhams Group licence
In June, Revolution Beauty agreed a licensing partnership with Debenhams Group for fragrance and gifting under the PrettyLittleThing, Karen Millen and boohooMAN brands. The first collections launch ahead of Christmas.
The group sells direct to consumers online and through around 17,500 retail doors in the UK, US and other markets. It has its own UK manufacturing facility and employs 226 people. Co-founder Tom Allsworth is chief executive, and fellow co-founder Adam Minto leads product strategy.
Allsworth said: “Online sales are up 22 per cent, our retail partners are backing our new ranges, and we are opening up exciting new opportunities such as our licensing partnership with Debenhams Group.”
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