Beauty Tech raises earnings outlook and announces share buyback
Beauty Tech Group PLC on Thursday said it enters the second half of 2026 with "real momentum" as it increased earnings guidance for the full-year.
The Cheshire, England-based seller of at-home beauty treatment technology now expects 2026 adjusted earnings before interest, tax, depreciation and amortisation to be no less than £48.5 million, raised from guidance of £45 million provided in July.
This would be up 29% from £37.5 million in 2025, which itself was 64% higher than £22.9 million in 2024.
The improved outlook came as the firm released half-year results which it said were ahead of original expectations across all key metrics.
Pretax profit more than trebled to £17.5 million for the six months ended June 30 from £5.0 million a year earlier, as revenue jumped 44% to £79.7 million from £55.2 million.
The improved profitability reflects "strong margin growth" and the removal of pre-initial public offer financing costs, the firm explained.
Adjusted Ebitda rose 53% to £21.3 million from £13.9 million, with its margin improving to 26.7% from 25.2%.
The company proposed no interim dividend but did announce a £20 million share buyback programme which is expected to start in the next four weeks.
In response, Beauty Tech stock was up 13% to 395.00 pence Thursday in London, giving the company a market capitalisation of just over £437 million.
Beauty Tech listed in October last year at 271p, so the stock is up more than 45% since then.
"We have entered the second half, typically our strongest period of trading, with real momentum and a significant launch pipeline, and as a result I remain confident in the outlook for the year," commented Chief Executive Laurence Newman.
Beauty Tech said it remains confident it will deliver full-year revenue of at least £170 million, in line with upgraded guidance issued in July.
In 2025, the firm reported revenue of £141.0 million up 39% from £101.1 million in 2024.
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