Our year in numbers
£2,456m
Gross Merchandise Value (GMV)
(FY24: £2,818m)
£2,465m
Adjusted revenue
(FY24: £2,896m)
47.1%
Adjusted gross margin
(FY24: 43.4%)
£132m
Adjusted EBITDA
(FY24: £80m)
£14m
Free cash flow
(FY24: £38m)
£(185)m
Net debt (excluding leases)
(FY24: £(297)m)
Annual Report 2025
Published December 2025
Regulatory news
04 March 2026 Holding(s) in Company
05 February 2026 Holding(s) in Company
02 February 2026 Change of Company Registrar
23 January 2026 Director/PDMR Shareholding
22 January 2026 Result of AGM
Our strategy
Bringing the most relevant fashion product via an inspirational shopping experience with a sustainable and efficient operating model.
