Space NK may now be part of Ulta Beauty since its acquisition last summer, but it remains a UK-registered company so its results are still available at Companies House and its latest accounts have just been filed.
Space NK
What do they show? In the 12 months to the end of March 2025, the premium beauty retailer enjoyed another strong year with turnover rising to £266 million from £196.5 million a year earlier. Coming on top of a strong increase in that 2023/24 period, it highlights just what appealed to Ulta Beauty when it made its move on the company.
The latest revenue increase added up to a 35% leap and came as the company’s like-for-like performance in its stores was up a hugely impressive 19%. Newly opened and enlarged stores, as well as online growth, made up the rest of that 35% surge.
The company also said that EBITDA for the period rose to £26.47 million from £15.94 million. And net profit for the the period jumped to £12.35 million from £7.45 million.
Meanwhile it said its continued strategy of investment to fuel growth “is paying a strong return”, a sentiment that’s hard to argue with. And this investment in its stores, operations, technology and customer acquisition has continued with 2025 seeing plenty of activity on this front.
And with the July acquisition of 100% of the company, it added that it sees this as “a positive strategic development that is expected to deliver long-term benefits through increased scale, investment, and access to boiler group capabilities”.
Regardless of the acquisition, even as an independent company the future outlook was “positive with growth in customer numbers across all age and spend demographics”.
