REVOLUTION BEAUTY GROUP PLC - Audited full year results for the year ended 28 February 2026

Revolution Beauty Group PLC's latest investor update highlighted a successful turnaround strategy, with management reporting a return to profitability and outlining a clear roadmap for sustainable, profitable growth. Following the return of the founding leadership team in September 2025, the company delivered a positive second-half adjusted EBITDA of £4.3 million, compared with a £12.5 million loss in the first half, supported by significant gross margin improvement, cost reductions and stronger operational execution. Full-year revenue was £102.1 million, while management emphasised that underlying sales trends have stabilised and returned to growth after exiting low-margin clearance activity. The company reported a strong start to FY27, with first-quarter profitability improving by nearly £5 million year-on-year alongside 26% e-commerce growth driven by TikTok Shop and increasing consumer engagement. Revolution Beauty’s growth strategy is centred on improving productivity across its existing global retail footprint of over 15,000 stores, expanding into new retail partners, including a major rollout with Etos in the Netherlands, and leveraging its strategic licensing agreement with Debenhams to launch new beauty brands and product categories. Management also highlighted improving inventory management, higher service levels, stronger cash generation, reduced net debt following refinancing, and a healthier balance sheet. Looking ahead, the company is targeting sustained double-digit revenue growth over the next three to four years through product innovation, international expansion, disciplined execution and continued margin improvement, positioning Revolution Beauty for long-term value creation.