Revolution Beauty Group plc
Revolution Beauty Group plc is a mass-market, multi-brand beauty company (Revolution Beauty masterbrand plus BH Cosmetics and other brands) selling make-up, skincare and haircare to a predominantly Gen Z/value-conscious customer base. Products are developed via an in-house fast-track NPD process (16-20 weeks) and sold through wholesale/retail store groups and digital (own e-commerce and third-party platforms such as Amazon and TikTok Shop) across the UK, US and c.75 other markets. The Group is listed on AIM and reported FY26 revenue of £102.1m, down from £142.6m, with a statutory loss before tax of £30.6m.
FY2026 in sixty seconds
year to 28 Feb 2026 · approved 20 Jul 2026 · 114 pages · Companies House
Revolution Beauty Group plc sells low-cost make-up, skincare and haircare in the UK, US and around 75 other markets. In the year to 28 February 2026, revenue fell to £102.1m from £142.6m, and the loss before tax grew to £30.6m from £16.8m.
The report blames heavy discounting in the first half, when the previous management cleared stock to raise cash ahead of a refinancing. Changes at some US retailers and new US tariffs also hurt. Online sales fell after the company cut its product range and marketing. One-off costs, including restructuring, legal and advisory fees and a loss on changing its bank loan, added to the loss.
The company raised £15.5m from new shares. It ended the year with £5.9m of cash and £30.5m of borrowings, and paid no dividend. Management said trading improved late in the year, and that early FY27 trading was broadly flat on the year before and ahead of its expectations. However, the auditor flagged a material uncertainty over whether the company can continue trading. That depends on delivering cost savings and meeting the conditions of its bank loan.
Store group (B2B wholesale/retail) sales, 82% of FY26 revenue
Store group revenue £83.7m of £102.1m total revenue (FY25: £113.9m)
page 14H1 clearance activity ahead of refinancing, increasing markdowns
Gross margin fell to 36.9% (FY25: 38.2%) due to clearance activity by prior management team to generate cash ahead of refinancing
page 14Chairman: 'The return of the founders has brought renewed focus to the business, with encouraging improvements in trading in the latter part of the year.'
page 6No ordinary dividends paid during FY26 and no final dividend recommended (FY25: £nil). Consistent with IPO guidance, the Group does not envisage paying dividends in the foreseeable future and intends to re-invest surplus funds in the business.
page 167 years on one page · FY2019–FY2026
| Line | FY2019locked | FY2021locked | FY2022locked | FY2023locked | FY202402/24 | FY202502/25 | FY202602/26 |
|---|---|---|---|---|---|---|---|
| Revenue | |||||||
| Operating profit | |||||||
| Profit for the year | |||||||
| Basic EPS | |||||||
| Free cash flow | |||||||
| Net debt (negative = net cash) | |||||||
| Shares in issue | |||||||
| Operating margin | |||||||
| Return on capital employed |
GBP millions, negatives in brackets. Per-share lines in pence. Share counts in millions. Margins and returns as percentages, calculated from the filed figures. later is what a following report restated the figure to; vs is a second reading that disagrees. The figure shown is the one the original filing printed, and both readings are kept. Click any figure: opens the report page it was read from, highlighted; shows how it was calculated.
48 figures restated in a later report
Every figure is read again from the following year’s report: 167 confirmed, 1 differ, 48 restated.
| Line | Year | As first filed | In the later report |
|---|---|---|---|
| FY2024 | £2.1mFY2024 report | £2.2mFY2025 report | |
| FY2024 | £119mFY2024 report | £117mFY2025 report | |
| FY2024 | £98.3mFY2024 report | £96.3mFY2025 report | |
| FY2024 | £75.3mFY2024 report | £73.4mFY2025 report | |
| FY2024 | £119mFY2024 report | £117mFY2025 report | |
| FY2024 | £67.2mFY2024 report | £65.3mFY2025 report | |
| FY2024 | £42.7mFY2024 report | £40.8mFY2025 report |
41 more figures were restated in FY2019 to FY2023, which a free account opens.