REG - Boohoo Group Plc - Trading Update

BoohooAnnouncement

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RNS Number : 6305Q  Boohoo Group Plc  28 January 2026

 
 

This announcement contains inside information for the purposes of the Market
Abuse Regulation (EU) No. 596/2014 (as amended) as it forms part of the
domestic law of the United Kingdom by virtue of the European Union
(Withdrawal) Act 2018 (as amended).

 

 

boohoo group plc

 

("Debenhams Group", "Debenhams" or the "Company")

 

Trading Update

 

Debenhams Group (AIM: DEBS), a leading online platform, is pleased to announce
that for the year to 28 February 2026 ("FY26"), it is trading above
expectations and full year Adjusted EBITDA( 1 )  for total operations in the
current year is now expected to be £50m( 2 ).

This is a result of the continued momentum in our Debenhams brand, a
discernible improvement in the performance of our Youth Brands and accelerated
progress on our transformation plan. All our Brands continue to trade
profitably.

We are particularly pleased with the pace and scale of PLT's turnaround and
the resulting material improvement in profitability. The Board had previously
held the brand as an asset for sale. Given the success we are seeing with the
turnaround, the momentum it is building and the substantial opportunity ahead
as a fashion-led marketplace, the brand will be retained. As a result, PLT
will be reported in the current year in Debenhams' continuing operations.

Debenhams is exploring significant licensing opportunities and continues to
advance the sale of non-core assets which would materially reduce the net debt
in the next 12 months.

The Company will update the market in March 2026.

Notes:

( 1 ) Adjusted EBITDA is calculated as loss before tax, interest,
depreciation, amortisation, share-based payment charges and exceptional items.

( 2 ) Previous guidance as at 27 November 2025 was approximately £45m
Adjusted EBITDA for total operations for FY26.

 

 Enquiries
 Debenhams Group
 Phil Ellis, Chief Financial Officer       Tel: +44 (0)161 233 2050

 Zeus Capital - Nominated Advisor and Joint Broker
 Dan Bate / James Edis                     Tel: +44 (0)161 831 1512
 Benjamin Robertson                        Tel: +44 (0)20 3829 5000

 Panmure Liberum - Joint Broker                                 Tel: +44 (0)20 3100 2000
 Mark Dickenson / James Sinclair-Ford / Shalin Bhamra

 Sodali & Co - Financial PR Adviser
 Ben Foster / Louisa Henry                                      Tel: +44 (0)20 3984 0114

 

About Debenhams Group

Debenhams Group is an online platform, for fashion, home, and beauty, serving
millions of customers across five shopping destinations: Debenhams, Karen
Millen, boohoo, MAN and PLT. Debenhams Group dates back to 1778 when William
Clark, a retail pioneer of the time, opened the UK's first department store.
Today, the Group is home to Debenhams, Britain's online department store and
leading fashion-led marketplaces, boohoo, PLT, MAN, and Karen Millen.

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