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boohoo group (DEBS) investor relations material
boohoo group H1 2027 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Turnaround continued: GMV returned to growth, returns declined, gross margin expanded, and reported EBITDA improved by £23.2m YoY to £19.7m.
Statutory profit before tax was £28.3m, the first positive result since August 2021; the result includes a £40.6m non-cash US distribution-centre sublease credit.
Financial highlights
Revenue was £409.6m, down 3.0% YoY; gross profit rose 1.0% to £221.5m.
Adjusted EBITDA increased 14.6% to £24.0m; reported EBITDA was £19.7m versus a £3.5m loss, with exceptional costs before non-cash credits down to £4.3m from £24.5m.
Statutory profit after tax was £25.8m versus a £14.7m loss; adjusted loss after tax narrowed to £2.1m from £13.9m.
Free cash flow improved to a £5.6m inflow from a £22.1m outflow; capex fell 27% to £5.5m.
Outlook and guidance
FY27 guidance remains GMV growth and Adjusted EBITDA of at least £59m, with continued material improvement in Reported EBITDA, positive PBT, free cash flow generation and negligible year-end net debt.
September trading continued to show further accelerated growth; the £100m fixed-cost target remains on track.
FY28 costs are expected to fall: depreciation to £14m from FY27 £22m, lease costs to £4m from £14m, and interest by at least ~£10m on the current facility.
Medium-term ambition is £ multi-billion GMV and £100m+ PBT; future cash flows are supported by over £200m of brought-forward tax losses.
- Accelerated growth, improved profitability, and asset disposals set the stage for negligible net debt.DEBS
Q2 2027 TU - Adjusted EBITDA surged 34.6% as the marketplace model scaled and costs were sharply reduced.DEBS
H2 2026 - Returned to growth in Q1 FY27 with improved profitability and double-digit EBITDA growth expected.DEBS
Q1 2027 TU - FY26 Adjusted EBITDA up 36% to £53m; FY27 outlook raised with further growth and deleveraging.DEBS
H2 2026 TU - FY26 Adjusted EBITDA raised to £50m, driven by brand momentum and PLT turnaround.DEBS
Trading update - Marketplace-led turnaround delivers profit, margin expansion, and lower net debt.DEBS
H1 2026 - Aggressive restructuring drove profit growth, debt reduction, and a strong Debenhams rebound.DEBS
H2 2025 - Debenhams Marketplace GMV surged 170% as cost cuts and equity placing offset youth brand declines.DEBS
H1 2025 - Marketplace-led model drives profitability and growth, supported by new leadership and ESG focus.DEBS
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