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Manchester-founded company floated on the London Stock Exchange last year

The Beauty Tech Group has more than tripled its first-half profits as surging demand for at-home beauty devices drove sales up by over 40 per cent.

The owner of Currentbody Skin, ZIIP Beauty and Tria Laser posted pre-tax profits of £17.5m for the six months ending June, up from £5m the previous year. Revenues jumped 44.3 per cent to £79.7m, from £55.2m, while gross profit increased 52.8 per cent to £51.3m.

The Manchester-founded firm, which floated on the London Stock Exchange last October at a valuation of some £300m, has capitalised on rising consumer appetite for devices that bring treatments formerly confined to beauty salons into people’s homes.

Its most recognisable products include CurrentBody’s LED face masks, which employ varying wavelengths of light in treatments designed to enhance skin quality.

The Alderley Edge-based group said first-half trading had exceeded expectations and now anticipates full-year revenues of at least £170m, maintaining the upgraded guidance it issued in July, as reported by City AM.

It also lifted its expectations for underlying earnings, though the company stopped short of providing fresh statutory profit forecasts.

The business closed June with £52m in net cash after accounting for liabilities and zero debt, up from £40.8m at the end of 2025, and has separately unveiled plans to repurchase up to £20m of its own shares. No interim dividend will be distributed.

“At-home beauty technology is the fastest-growing part of the beauty market and we are uniquely positioned to take advantage of it through our three distinct brands: CurrentBody Skin, ZIIP Beauty and Tria Laser”, founder and chief executive Laurence Newman said.

“We have entered the second half, typically our strongest period of trading, with real momentum and a significant launch pipeline”.

The figures arrive less than a year after Beauty Tech Group made its London market debut, in one of comparatively few notable floats on the struggling exchange last year.

The business raised approximately £29m through the IPO, enabling it to eliminate external debt. Its inaugural annual results since listing, released in April, revealed turnover had climbed 39.4 per cent to £141m in 2025, while gross profit jumped 53.9 per cent to £88.3m.

Roughly 80 per cent of its sales were generated beyond the UK and Ireland last year, with the group trading across more than 90 markets.

Its swift expansion has been driven by Currentbody Skin, which has helped transform the somewhat disconcerting spectacle of an illuminated face mask from something akin to a science fiction prop into a staple of beauty regimes and social media platforms.

Currentbody introduced its first LED light therapy mask in 2018, when persuading customers to fasten a glowing contraption to their face demanded considerably more justification. “It was definitely a real challenge in the early days” Emily Buckwell, associate communications director at Currentbody, told City AM ahead of the results.

“The science on LED light therapy was already there, but consumer awareness wasn’t, so it was about finding the right balance between educating people and normalising the idea of actually wearing the mask”.

The firm has since developed a third generation of its LED range, set to launch in the second half of the year following two years of research and testing.

Beauty Tech Group is also investing in its own laboratory, due to open in early 2027, while research conducted alongside the University of Manchester is exploring how skin changes following the use of at-home LED devices.

ZIIP Beauty, meanwhile, has completed manufacturing adjustments ahead of a new product range rolling out in the second half of the year, as the group also moves to bring its European warehousing operations in-house.

The company remains confident there is substantial room for growth within the category. Beauty technology currently accounts for just one per cent of consumer beauty spending across its core markets, according to the group.

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While Paramount has yet to announce its official departure from Hollywood, Los Angeles officials are on high alert after Los Angeles Mayor Karen Bass and Attorney General Rob Bonta were told an exit announcement was imminent.

While TMZ reported that the statement was expected Tuesday, no announcement has been made. Meanwhile, Paramount Skydance officials have been spotted in Nashville scouting commercial properties as the studio considers moving some of its operations there, according to insiders with knowledge of the search in a new report.

The studio has already looked at more than 400,000 square feet of potential space in Music City, according to a report by Politico. Other possible relocation options on the table include Texas and Georgia.

Paramount declined to comment on the reports of a possible move when contacted by Fox News Digital.

The Paramount Studios sign in Los Angeles April 23, 2026. (Noah Suave / Getty Images)

PARAMOUNT’S CALIFORNIA FUTURE IN DOUBT AMID ESCALATING LEGAL FIGHT

“We cannot comment on a company’s plans,” Bonta’s office told Fox News Digital. “It’s no secret that Paramount has been making this threat despite its alleged commitment to California and Hollywood. What Paramount decides to do is Paramount’s choice alone. We’ll continue to apply the law without fear or favor and continue to be open to coming to the table for good faith discussions.”

Bonta told MS NOW Thursday that LA officials are still willing to come to the table and negotiate.

“We’ve heard this threat before, and it’s inconsistent with other things that they have said,” he said. “If they decide to leave, that’s their independent choice. I’m not asking for it. I don’t want it, obviously, and that responsibility will lay at their feet.”

CNN STAFFERS SEE PARAMOUNT MERGER AS ‘INEVITABLE’ DESPITE LEGAL BATTLE DELAYING ELLISON TAKEOVER

California Attorney General Rob Bonta speaks to the media after graduation ceremonies for the School of Social Ecology at UC Irvine in Irvine, Calif., June 16, 2025. (Paul Bersebach/MediaNews Group/Orange County Register via Getty Images / Getty Images)

Bonta was also asked about the possible move Thursday at The Atlantic Festival in New York.

“We will do our job,” he said. “We have a job to enforce the law without fear and without favor, and, at the same time, we are always open to come to the table if it is in good faith and it is sincere. And we will always explore an opportunity to get the results that we want with our evaluation of the case at the table.”

CNN STAFFERS BRACE FOR PARAMOUNT CEO’S POTENTIAL PLAN TO LAUNCH EDITORIAL BOARD TO OVERSEE NETWORK

In July, Bonta, and 11 other state attorneys general, filed an antitrust lawsuit against Paramount in an attempt to block the proposed Warner Bros. Discovery acquisition. They claimed the merger would eliminate competition in film distribution and basic cable while negatively affecting industry workers and consumers.

For his part, Paramount CEO David Ellison then threatened to move the iconic studio out of the Golden State if Bonta did not back off and a settlement was not reached by Oct. 1.

Paramount CEO David Ellison (Charly Triballeau/AFP via Getty Images / Getty Images)

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Now, it appears increasingly unlikely that a deal can be reached.

Fox News Digital’s Brian Flood and Joseph Wulfsohn contributed to this report.