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Mothercare (MTC) investor relations material
Mothercare Trading update summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Financial performance
Worldwide retail sales by franchise partners reached £180 million, down 22% year-on-year (19% at constant currency).
Adjusted EBITDA for FY26 is approximately £1.25 million, compared to £3.5 million in FY25.
Net borrowings increased to £5.7 million at year end, up from £3.7 million in March 2025.
Pension scheme deficit remains at £35 million as of December 2025.
Key operational factors
End of exclusive distribution with Boots and Middle East uncertainty, including the Iran war, impacted results.
Excluding the Middle East and UK, like-for-like retail sales were positive for the year.
Estimated impact of the Middle East war in the last month was approximately £0.1 million.
Strategic and refinancing updates
Debt facilities were successfully refinanced in February 2026, deferring pension contributions.
No material change in financial position since the February 2026 refinancing announcement.
Ongoing discussions with potential partners to restore critical mass and optimize brand IP.
- Adjusted EBITDA grew to £6.9m as debt refinancing and a South Asia JV improved financial stability.MTC
H2 202424 Feb 2026 - Retail sales fell 18% to £230.6m, with profit boosted by a South Asia JV and debt reduction.MTC
H2 202524 Feb 2026 - Retail sales fell 25% and EBITDA dropped, but debt reduction and new partnerships offer growth potential.MTC
H1 202629 Dec 2025 - Sales fell 18% amid Middle East headwinds, but net borrowings dropped and growth plans continue.MTC
Trading Update6 Jun 2025 - Profitability improved despite a 15% sales drop, with refinancing and cost control in focus.MTC
H1 20245 Jun 2025 - Retail sales declined, but profitability improved and refinancing efforts are in progress.MTC
Trading Update5 Jun 2025 - New South Asian JV and refinancing de-leverage Mothercare amid ongoing Middle East challenges.MTC
H1 20255 Jun 2025
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