Cash flow THG Plc

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THG

GB00BMTV7393

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Market Closed - London S.E. Other stock markets 11:35:28 2026-07-20 am EDT			5-day change	1st Jan Change
30.32 ^GBX	-1.17%		-2.38%	-33.71%

Jul. 13	Nichols extends THG partnership with launch of protein water range	AN
Jun. 24	THG backs full-year outlook despite "unprecedented" whey inflation	AN

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Published financial data: THG PLC

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2021	2022	2023	2024	2025
Revenues	2.18B	2.24B	2.05B	1.75B	1.72B
Total Revenues	2.18B	2.24B	2.05B	1.75B	1.72B
Cost of Goods Sold, Total	1.23B	1.33B	1.19B	1.02B	1.02B
Gross Profit	954M	905M	856M	727M	699M
Selling General & Admin Expenses, Total	980M	1.06B	973M	751M	720M
Other Operating Expenses	-	-	17.66M	-	-
Other Operating Expenses, Total	980M	1.06B	990M	751M	720M
Operating Income	-25.71M	-154M	-135M	-23.44M	-21.29M
Interest Expense, Total	-48.85M	-57.12M	-79.9M	-63.55M	-80.05M
Interest And Investment Income	323K	2.36M	13.33M	9.05M	2.54M
Net Interest Expenses	-48.52M	-54.76M	-66.57M	-54.5M	-77.52M
Other Non Operating Income (Expenses)	-301K	601K	-	-	-
EBT, Excl. Unusual Items	-74.53M	-208M	-201M	-77.95M	-98.81M
Restructuring Charges	-10.23M	-43.02M	-44.66M	-112M	-25.89M
Merger & Related Restructuring Charges	-17.55M	-8.05M	-703K	-3.05M	-148K
Impairment of Goodwill	-33.36M	-271M	-	-	-
Gain (Loss) On Sale Of Assets	-	-	-	-	60.54M
Asset Writedown	-22.63M	-656K	-	-	-
Other Unusual Items	-27.98M	-19.07M	-5.26M	-8.98M	-5.08M
EBT, Incl. Unusual Items	-186M	-550M	-252M	-202M	-69.38M
Income Tax Expense	-48.21M	-9.77M	-3.59M	-21.87M	-5.71M
Earnings From Continuing Operations	-138M	-540M	-248M	-181M	-63.68M
Earnings Of Discontinued Operations	-	-	-	-146M	118M
Net Income to Company	-138M	-540M	-248M	-326M	54.12M
Net Income - (IS)	-138M	-540M	-248M	-326M	54.12M
Net Income to Common Incl Extra Items	-138M	-540M	-248M	-326M	54.12M
Net Income to Common Excl. Extra Items	-138M	-540M	-248M	-181M	-63.68M
Per Share Items
Net EPS - Basic	-0.13	-0.44	-0.19	-0.24	0.04
Basic EPS - Continuing Operations	-0.13	-0.44	-0.19	-0.13	-0.05
Basic Weighted Average Shares Outstanding	1.1B	1.24B	1.3B	1.37B	1.39B
Net EPS - Diluted	-0.13	-0.44	-0.19	-0.24	0.04
Diluted EPS - Continuing Operations	-0.13	-0.44	-0.19	-0.13	-0.05
Diluted Weighted Average Shares Outstanding	1.1B	1.24B	1.3B	1.37B	1.39B
Normalized Basic EPS	-0.04	-0.1	-0.1	-0.04	-0.04
Normalized Diluted EPS	-0.04	-0.1	-0.1	-0.04	-0.04
American Depositary Receipts Ratio (ADR)	1	1	1	1	1
Supplemental Items
EBITDA	71.16M	-35.61M	292K	97.08M	46.47M
EBITA	34.89M	-86.51M	-55.4M	42.77M	34.46M
EBIT	-25.71M	-154M	-135M	-23.44M	-21.29M
EBITDAR	-	-	-	-	-
Effective Tax Rate - (Ratio)	25.88	1.78	1.43	10.8	8.23
Total Current Taxes	14.41M	-807K	8.77M	3.89M	2.94M
Total Deferred Taxes	-62.62M	-8.96M	-12.36M	-25.76M	-8.64M
Normalized Net Income	-46.58M	-130M	-126M	-48.72M	-61.76M
Interest on Long-Term Debt	12.35M	14.33M	14.64M	1.59M	7.01M
Supplemental Operating Expense Items
Selling and Marketing Expenses	403M	384M	294M	230M	215M
General and Administrative Expenses	577M	675M	679M	521M	506M
Research And Development Expense From Footnotes	40.19M	42.09M	40.24M	46.28M	2.65M
Net Rental Expense, Total	-	-	-	-	-
Imputed Operating Lease Interest Expense	-	-	-	-	-
Imputed Operating Lease Depreciation	-	-	-	-	-
Stock-Based Comp., G&A Exp. (Total)	-	-	16.72M	16.58M	7.9M
Stock-Based Comp., Other (Total)	-	10.73M	-	-	-
Total Stock-Based Compensation	-	10.73M	16.72M	16.58M	7.9M

Fiscal Period: December	2021	2022	2023	2024	2025
Assets
Cash And Equivalents	537M	474M	416M	309M	183M
Total Cash And Short Term Investments	537M	474M	416M	309M	183M
Accounts Receivable, Total	117M	119M	109M	33.46M	38.03M
Other Receivables	125M	120M	134M	101M	53.4M
Total Receivables	243M	239M	243M	134M	91.43M
Inventory	467M	373M	297M	265M	273M
Prepaid Expenses	21.37M	28.36M	28.48M	13.25M	16.06M
Other Current Assets, Total	2.7M	21.7M	1.92M	763M	26.47M
Total Current Assets	1.27B	1.14B	987M	1.48B	590M
Gross Property Plant And Equipment	770M	824M	808M	198M	286M
Accumulated Depreciation	-124M	-169M	-232M	-104M	-113M
Net Property Plant And Equipment	646M	654M	577M	94.22M	173M
Long-term Investments	1.4M	1.4M	9.4M	-	-
Goodwill	721M	486M	470M	429M	381M
Other Intangibles, Total	697M	681M	608M	522M	444M
Deferred Tax Assets Long-Term	-	-	-	4.07M	599K
Deferred Charges Long-Term	87.51M	108M	129M	7.18M	11.07M
Other Long-Term Assets, Total	-	21.57M	-	4.59M	-
Total Assets	3.42B	3.09B	2.78B	2.55B	1.6B
Liabilities
Accounts Payable, Total	298M	322M	369M	246M	334M
Accrued Expenses, Total	355M	303M	265M	96.49M	131M
Current Portion of Long-Term Debt	752K	30.99M	29.03M	113M	69.62M
Current Portion of Leases	43.34M	44M	43.54M	10.29M	20.94M
Current Income Taxes Payable	4.12M	-	1.27M	3.57M	3.19M
Unearned Revenue Current, Total	38.74M	36.89M	25.21M	15.65M	17.28M
Other Current Liabilities	44.04M	12.26M	25.48M	1.12B	67.18M
Total Current Liabilities	784M	749M	759M	1.61B	643M
Long-Term Debt	489M	648M	621M	492M	361M
Long-Term Leases	306M	290M	301M	31.08M	110M
Deferred Tax Liability Non Current	73.77M	76.6M	55.7M	63.7M	44.4M
Other Non Current Liabilities	15.62M	23.03M	22.13M	47.62M	15.87M
Total Liabilities	1.67B	1.79B	1.76B	2.24B	1.17B
Common Stock, Total	6.68M	6.9M	7.07M	8.22M	9.61M
Additional Paid In Capital	2.02B	2.02B	2.02B	2.12B	2.21B
Retained Earnings	-274M	-803M	-1.03B	-1.85B	-1.79B
Comprehensive Income and Other	774K	73.48M	22M	26.24M	-5.59M
Total Common Equity	1.76B	1.3B	1.02B	306M	425M
Total Equity	1.76B	1.3B	1.02B	306M	425M
Total Liabilities And Equity	3.42B	3.09B	2.78B	2.55B	1.6B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	1.22B	1.27B	1.3B	1.32B	1.6B
ECS Total Common Shares Outstanding	1.22B	1.27B	1.3B	1.32B	1.6B
Book Value / Share	1.44	1.03	0.79	0.23	0.27
Tangible Book Value	337M	134M	-56.34M	-645M	-400M
Tangible Book Value Per Share	0.28	0.11	-0.04	-0.49	-0.25
Total Debt	839M	1.01B	995M	646M	561M
Net Debt	302M	540M	579M	337M	378M
Debt Equivalent Oper. Leases	-	-	-	-	-
Account Code - Inventory Valuation	6	6	6	6	6
Inventories - Raw Materials, Total	80.54M	72.33M	67.43M	60.3M	62.7M
Inventories - Finished Goods, Total	386M	301M	230M	205M	210M
Buildings, Total	123M	-	-	-	-
Machinery, Total	337M	406M	395M	98.88M	101M
Full Time Employees	10.05K	8.24K	7.29K	6.8K	2.67K
Assets under Capital Lease - Gross	-	-	-	-	-
Assets under Capital Lease - Accumulated Depreciation	-	-	-	-	-
Accumulated Allowance for Doubtful Accounts (Supple)	2.27M	1.8M	2.06M	1.12M	222K

Fiscal Period: December	2021	2022	2023	2024	2025
Net Income	-138M	-540M	-248M	-326M	54.12M
Depreciation & Amortization - CF	68.48M	94.19M	95.11M	93.23M	32.46M
Amortization of Goodwill and Intangible Assets - (CF)	60.6M	67.25M	79.37M	66.22M	55.76M
Depreciation & Amortization, Total	129M	161M	174M	159M	88.21M
Amortization of Deferred Charges, Total - (CF)	38.43M	41.72M	40M	46.28M	2.65M
(Gain) Loss From Sale Of Asset	-	-	-	-	-60.54M
Asset Writedown & Restructuring Costs	55.99M	275M	44.66M	112M	25.89M
Stock-Based Compensation (CF)	-	10.73M	16.72M	16.58M	7.9M
Net Cash From Discontinued Operations	-	-	-	-121M	0
Other Operating Activities, Total	2.78M	66.24M	65.96M	187M	-63.05M
Change In Accounts Receivable	-27.12M	1.03M	-10.41M	24.5M	29.08M
Change In Inventories	-113M	79.26M	70.68M	1.28M	-14.54M
Change In Accounts Payable	75.19M	-56.89M	-11.34M	-9.8M	-28.66M
Change in Other Net Operating Assets	-416K	-1.29M	-575K	6.08M	-7.66M
Cash from Operations	23.33M	37.71M	142M	96.46M	33.4M
Capital Expenditure	-112M	-94.85M	-46.29M	-31.71M	-4.03M
Sale of Property, Plant, and Equipment	-	-	55.45M	-	-
Cash Acquisitions	-768M	-5.69M	-20.26M	-23K	-
Divestitures	-	-	-	-	101M
Sale (Purchase) of Intangible assets	-77.62M	-81.56M	-79.37M	-69.57M	-17.12M
Investment in Marketable and Equity Securities, Total	-1.4M	-	-	-	-
Other Investing Activities, Total	323K	2.36M	13.33M	9.19M	-44.17M
Cash from Investing	-959M	-180M	-77.14M	-92.11M	36.06M
Long-Term Debt Issued, Total	-	156M	-	-	505M
Total Debt Issued	-	156M	-	-	505M
Long-Term Debt Repaid, Total	-36.22M	-49.01M	-74.49M	-71.28M	-675M
Total Debt Repaid	-36.22M	-49.01M	-74.49M	-71.28M	-675M
Issuance of Common Stock	760M	-	-	93.32M	21.42M
Repurchase of Common Stock	-	-	-	-	-
Other Financing Activities, Total	-25.36M	-28M	-47.8M	-44.95M	-46M
Cash from Financing	699M	78.99M	-122M	-22.91M	-195M
Net Change in Cash	-237M	-63.04M	-57.62M	-18.56M	-126M
Supplemental Items
Cash Interest Paid	25.36M	27.92M	47.8M	44.95M	46M
Cash Income Tax Paid (Refund)	7.1M	4.86M	5.41M	621K	3.68M
Levered Free Cash Flow	-28.62M	-88.63M	74.69M	258M	-147M
Unlevered Free Cash Flow	1.9M	-52.93M	125M	298M	-96.75M
Change In Net Working Capital	-39.64M	-5.69M	-103M	-192M	161M
Net Debt Issued / Repaid	-36.22M	107M	-74.49M	-71.28M	-170M

Fiscal Period: December	2021	2022	2023	2024	2025
Profitability
Return on Assets	-0.55	-2.95	-2.87	-0.55	-0.64
Return on Total Capital	-0.71	-3.91	-3.89	-0.99	-1.37
Return On Equity %	-9.52	-35.32	-21.38	-27.2	-17.42
Return on Common Equity	-9.52	-35.32	-21.38	-27.2	-17.42
Margin Analysis
Gross Profit Margin %	43.78	40.44	41.83	41.52	40.69
SG&A Margin	44.96	47.3	47.55	42.86	41.93
EBITDA Margin %	3.26	-1.59	0.01	5.54	2.71
EBITA Margin %	1.6	-3.86	-2.71	2.44	2.01
EBIT Margin %	-1.18	-6.87	-6.59	-1.34	-1.24
Income From Continuing Operations Margin %	-6.33	-24.11	-12.14	-10.31	-3.71
Net Income Margin %	-6.33	-24.11	-12.14	-18.62	3.15
Net Avail. For Common Margin %	-6.33	-24.11	-12.14	-10.31	-3.71
Normalized Net Income Margin	-2.14	-5.8	-6.15	-2.78	-3.59
Levered Free Cash Flow Margin	-1.31	-3.96	3.65	14.74	-8.54
Unlevered Free Cash Flow Margin	0.09	-2.36	6.09	17.01	-5.63
Asset Turnover
Asset Turnover	0.74	0.69	0.7	0.66	0.83
Fixed Assets Turnover	4.04	3.44	3.32	5.22	12.88
Receivables Turnover (Average Receivables)	22.71	18.93	17.93	24.61	48.06
Inventory Turnover (Average Inventory)	3.19	3.18	3.55	3.64	3.79
Short Term Liquidity
Current Ratio	1.62	1.52	1.3	0.92	0.92
Quick Ratio	0.99	0.95	0.87	0.28	0.43
Operating Cash Flow to Current Liabilities	0.03	0.05	0.19	0.06	0.05
Days Sales Outstanding (Average Receivables)	16.07	19.28	20.36	14.87	7.59
Days Outstanding Inventory (Average Inventory)	114.59	114.95	102.83	100.5	96.4
Average Days Payable Outstanding	72.52	91.12	113.16	113.38	103.12
Cash Conversion Cycle (Average Days)	58.14	43.11	10.03	1.99	0.87
Long Term Solvency
Total Debt/Equity	47.79	77.86	97.39	211.21	131.97
Total Debt / Total Capital	32.34	43.78	49.34	67.87	56.89
LT Debt/Equity	45.28	72.1	90.29	170.97	110.67
Long-Term Debt / Total Capital	30.64	40.54	45.74	54.94	47.71
Total Liabilities / Total Assets	48.72	57.86	63.26	87.99	73.41
EBIT / Interest Expense	-0.53	-2.69	-1.69	-0.37	-0.27
EBITDA / Interest Expense	2.12	0.13	0.5	2.14	0.84
(EBITDA - Capex) / Interest Expense	-0.17	-1.53	-0.08	1.64	0.79
Total Debt / EBITDA	8.12	131.91	25.05	4.75	8.39
Net Debt / EBITDA	2.92	70.25	14.58	2.48	5.65
Total Debt / (EBITDA - Capex)	-102.56	-11.63	-151.33	6.19	8.92
Net Debt / (EBITDA - Capex)	-36.94	-6.19	-88.04	3.23	6.01
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	35.09	2.72	-8.66	-6.83	-1.91
Gross Profit, 1 Yr. Growth %	33.83	-5.12	-5.52	-10.52	-3.88
EBITDA, 1 Yr. Growth %	-15.99	-148.67	-100.92	-23.82	-52.13
EBITA, 1 Yr. Growth %	-31.44	-347.91	-32.88	-40.38	-19.43
EBIT, 1 Yr. Growth %	-212.56	498.08	-10.03	207.44	-9.17
Earnings From Cont. Operations, 1 Yr. Growth %	-74.08	291.06	-54	67.22	-64.73
Net Income, 1 Yr. Growth %	-74.08	291.06	-54	31.31	-116.6
Normalized Net Income, 1 Yr. Growth %	148.73	178.97	-1.28	28.53	26.77
Diluted EPS Before Extra, 1 Yr. Growth %	-81.03	246.75	-56.04	58.46	-65.21
Accounts Receivable, 1 Yr. Growth %	57.03	1.72	-8.77	-69.27	13.67
Inventory, 1 Yr. Growth %	54.22	-20.03	-20.39	-10.69	2.81
Net Property, Plant and Equip., 1 Yr. Growth %	48.79	1.31	-11.85	-83.67	83.22
Total Assets, 1 Yr. Growth %	39.81	-9.77	-9.99	-8.45	-37.18
Tangible Book Value, 1 Yr. Growth %	-38.72	-60.25	-142.06	1.05K	-38.05
Common Equity, 1 Yr. Growth %	53.4	-25.86	-21.52	-70.07	39.04
Cash From Operations, 1 Yr. Growth %	-69.13	61.65	276.01	-31.98	-65.37
Capital Expenditures, 1 Yr. Growth %	-36.21	-14.97	-51.2	-31.5	-87.29
Levered Free Cash Flow, 1 Yr. Growth %	-122.05	232.89	-186.71	58.47	-156.86
Unlevered Free Cash Flow, 1 Yr. Growth %	-98.83	-1.46K	-347.07	45.95	-132.48
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	38.27	17.8	-3.13	-11.56	-4.41
Gross Profit, 2 Yr. CAGR %	38.6	12.68	-5.32	-10.39	-7.26
EBITDA, 2 Yr. CAGR %	25.99	-35.16	-93.68	75.18	-39.61
EBITA, 2 Yr. CAGR %	57.99	30.37	26	-28.01	-30.69
EBIT, 2 Yr. CAGR %	179.41	159.46	128.95	-60.44	67.11
Earnings From Cont. Operations, 2 Yr. CAGR %	76.77	0.69	34.12	-42.18	-23.2
Net Income, 2 Yr. CAGR %	76.77	0.69	34.12	-22.28	-53.32
Normalized Net Income, 2 Yr. CAGR %	61.12	163.41	64.36	-38.18	27.64
Diluted EPS Before Extra, 2 Yr. CAGR %	43.5	-18.89	23.47	-44.97	-25.75
Accounts Receivable, 2 Yr. CAGR %	55.31	26.39	-3.67	-47.05	-40.89
Inventory, 2 Yr. CAGR %	51.24	11.05	-20.21	-15.68	-4.18
Net Property, Plant and Equip., 2 Yr. CAGR %	28.09	22.77	-5.5	-62.05	-45.29
Total Assets, 2 Yr. CAGR %	45.18	12.32	-9.88	-9.22	-24.16
Tangible Book Value, 2 Yr. CAGR %	181.59	-50.65	-59.11	119.5	166.37
Common Equity, 2 Yr. CAGR %	93.76	6.65	-23.72	-51.53	-35.49
Cash From Operations, 2 Yr. CAGR %	-34.36	-29.35	146.54	59.93	-51.47
Capital Expenditures, 2 Yr. CAGR %	-5.26	-26.35	-35.58	-42.18	-70.49
Levered Free Cash Flow, 2 Yr. CAGR %	-52.42	-17.37	67.5	73.11	-5.08
Unlevered Free Cash Flow, 2 Yr. CAGR %	-86.87	-43.01	464.95	143.01	-31.15
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	33.52	25.23	8.22	-7.04	-8.46
Gross Profit, 3 Yr. CAGR %	31.73	22.15	6.26	-8.67	-8.27
EBITDA, 3 Yr. CAGR %	-1.08	-7.39	-84.89	9.89	13.68
EBITA, 3 Yr. CAGR %	-13.69	83.59	2.87	7.02	-25.26
EBIT, 3 Yr. CAGR %	-13.23	260.1	80.7	-3.03	-47.81
Earnings From Cont. Operations, 3 Yr. CAGR %	455.84	130.33	-22.45	9.35	-50.96
Net Income, 3 Yr. CAGR %	455.84	130.33	-22.45	33.18	-53.55
Normalized Net Income, 3 Yr. CAGR %	44.94	93.47	88.7	1.5	-21.46
Diluted EPS Before Extra, 3 Yr. CAGR %	-16.95	92.57	-33.87	1.64	-52.77
Accounts Receivable, 3 Yr. CAGR %	47.95	34.88	13.37	-34.17	-31.69
Inventory, 3 Yr. CAGR %	44.33	22.3	-0.61	-17.16	-9.92
Net Property, Plant and Equip., 3 Yr. CAGR %	43.58	18.46	9.94	-47.36	-35.86
Total Assets, 3 Yr. CAGR %	41	23.89	4.33	-9.41	-19.71
Tangible Book Value, 3 Yr. CAGR %	61.48	46.62	-53.21	24.18	43.98
Common Equity, 3 Yr. CAGR %	65.81	40.67	-3.71	-44.15	-31.13
Cash From Operations, 3 Yr. CAGR %	-19.69	-11.36	23.34	60.5	-3.97
Capital Expenditures, 3 Yr. CAGR %	43.44	-8.61	-35.79	-34.25	-65.11
Levered Free Cash Flow, 3 Yr. CAGR %	-9.84	-11.17	-16.83	113.24	19.44
Unlevered Free Cash Flow, 3 Yr. CAGR %	-59.95	-21.75	-8.55	324.11	24.25
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	34.17	24.94	17.44	8.96	1.26
Gross Profit, 5 Yr. CAGR %	35.21	23.24	15.43	7.92	-0.4
EBITDA, 5 Yr. CAGR %	13.77	-7	-66.9	16.71	-11.31
EBITA, 5 Yr. CAGR %	2.29	20.27	0.41	25.06	-7.5
EBIT, 5 Yr. CAGR %	-0.64	42.45	27.92	48.07	-1.39
Earnings From Cont. Operations, 5 Yr. CAGR %	66.46	121.65	214.75	32.51	-34.61
Net Income, 5 Yr. CAGR %	66.46	121.65	214.75	49.15	-36.7
Normalized Net Income, 5 Yr. CAGR %	25.24	60.73	52.42	22.11	26.95
Diluted EPS Before Extra, 5 Yr. CAGR %	-48.7	-31.37	-2.67	16.68	-41.37
Accounts Receivable, 5 Yr. CAGR %	101.18	55.23	24.62	-7.21	-12.63
Inventory, 5 Yr. CAGR %	51.28	34.5	13.87	5.39	-2.05
Net Property, Plant and Equip., 5 Yr. CAGR %	33.55	28.58	21.46	-24.87	-16.84
Total Assets, 5 Yr. CAGR %	40.45	26.89	17.89	9.4	-8.17
Tangible Book Value, 5 Yr. CAGR %	47.18	12.52	-6.78	72.3	-6.18
Common Equity, 5 Yr. CAGR %	65.01	32.46	21.55	-8.14	-17.97
Cash From Operations, 5 Yr. CAGR %	-20.83	18.08	25.78	12.24	-15.06
Capital Expenditures, 5 Yr. CAGR %	-1.21	19.65	4.13	-23.9	-52.96
Levered Free Cash Flow, 5 Yr. CAGR %	-17.66	23.67	13.85	15.35	2.49
Unlevered Free Cash Flow, 5 Yr. CAGR %	-51.92	15.12	33.26	21.95	-9.9