17th Sep 2026 10:54
(Alliance News) - boohoo Group PLC on Thursday announced a return to earnings rise as its gross merchandise value climbed.
The Manchester, England-based online fashion, home and beauty retailer trading as Debenhams said its turnaround is continuing "at pace", with gross merchandise value rising 1.8% year-on-year to GBP864 million in the six months ended August 31, from GBP849 million.
Growth accelerated to 2.9% in the second quarter from 0.5% in the first, led by a 14% increase at Debenhams, which now represents around 41% of group gross merchandise value.
Marketplace GMV rises to 39% of the group total from 33%, while gross margin improved to 54% from 52%. Adjusted earnings before interest, tax, depreciation and amortisation rose 14% to GBP24 million from GBP21 million.
Pertinently, reported Ebitda improved to GBP20 million from a GBP3 million loss.
boohoo highlighted a "record" marketplace mix, materially improved profitability and "significantly" improved cash flows.
Exceptional costs reduced to GBP4 million from GBP24 million and net debt narrowed to GBP102 million from GBP111 million.
Following the GBP90 million Sheffield distribution centre disposal and USD16 million Nasty Gal sale, boohoo expects net debt to be negligible at year-end.
The firm reiterated guidance for full-year financial 2027 adjusted Ebitda of at least GBP59 million, alongside GMV growth, positive pretax profit and free cash flow generation.
Its current financial year runs to February 28.
boohoo shares rose 3.3% to 25.30 pence each on Thursday morning in London.
By Tom Budszus, Alliance News slot editor
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