The Beauty Tech Group’s (Beauty Tech) maiden FY25 results came in ahead of expectations and our estimates, with revenue +39.4% to £141.0m and EBITDA (adj.) +63.8% to £37.5m. Both CurrentBody Skin and ZIIP Beauty delivered strong revenue growth of 59% and 46% respectively, validating our initiation report investment thesis that the group should benefit from a premium own-brand focus. The move away from third-party revenue, the launch of the CurrentBody Series 2 and the redesign of ZIIP Beauty pro ....
