boohoo group (DEBS) Trading update summary

Trading performance

• Trading for the year to 28 February 2026 is above expectations, with full year Adjusted EBITDA now expected to reach £50m, up from previous guidance of £45m.

• Continued momentum in the Debenhams brand and improved performance in Youth Brands have contributed to the positive outlook.

• All brands are trading profitably, with a notable turnaround and profitability improvement in PLT.

Strategic initiatives

• PLT, previously held as an asset for sale, will be retained due to its successful turnaround and future potential as a fashion-led marketplace.

• Significant licensing opportunities are being explored, and the sale of non-core assets is advancing to materially reduce net debt within 12 months.

Outlook and updates

• The company will provide a further market update in March 2026.