The Beauty Tech Group raised its full-year adjusted EBITDA guidance to at least GBP 48.5 million following a first-half results report that showed revenue surging 44.3% year-on-year to GBP 79.7 million and adjusted EBITDA climbing 53% to GBP 21.3 million.
The London-listed company, which operates beauty technology brands including CurrentBody Skin, ZIIP Beauty and Tria Laser, posted gross margin of 64.4%, up 3.6 percentage points from 60.8% a year earlier. Adjusted EBITDA margin reached 26.7%, while adjusted profit before tax rose 49% to GBP 15.3 million.
"Revenue grew 44%, adjusted EBITDA grew 53%. EBITDA grew faster than revenue because the gross margin increased by 3.4 percentage points year-on-year," said CFO Samuel Glynn during the earnings call. "That margin improvement is why we are raising guidance today."
Cash generation remained strong. The company generated GBP 11.5 million in operating cash flow for the half and ended with GBP 52 million in net cash and no debt. Glynn attributed working capital release to the timing of peak-season inventory buildup, noting that this year's stock bill came later than last year's.
Free cash flow over the trailing twelve months stood at GBP 42.8 million against adjusted EBITDA of GBP 44.8 million.
CurrentBody Skin, the group's largest unit, accounted for 89% of revenue with GBP 71.1 million, up 45%, and an improved gross margin of 66%. ZIIP Beauty grew 26% to GBP 7 million, though a GBP 1.5 million stock provision pushed reported gross margin to 49.8%; pre-provision margin was 71.1%. Tria Laser contributed GBP 1.6 million, up from GBP 0.6 million in 2025.
Regionally, the U.S. and Canada generated 41% of group revenue, growing 37% year-on-year. Europe rose 48%, Asia 57%, and the U.K. 30%. Direct-to-consumer sales outside China made up 87% of total revenue, up from 82% a year ago, with DTC revenue growing 53% and direct marketing efficiency improving to 15.6% of channel revenue.
The board announced plans to launch a share buyback in the second half. Full-year revenue guidance was maintained at no less than GBP 170 million.
Laurence Newman, founder and CEO, highlighted the product pipeline, pointing to a third-generation LED range set to launch in H2. "We believe this to be the best product we have ever made," he said.
Shares rose 11.2% to $389.20, trading near a 52-week high of $410. The company's market capitalization stood at $497 million, with a P/E ratio of 33.5.
