Our year in numbers
£2,349.0m
Gross Merchandise Value (GMV)
(FY25: £2,456.3m)
£2,240.3m
Adjusted revenue
(FY25: £2,464.8m)
50.5%
Adjusted gross margin
(FY25: 47.1%)
£170.3m
Adjusted EBITDA
(FY25: £131.6m)
£(16.4)m
Free cash flow
(FY25: £14.1m)
£(109.3)m
Net debt (excluding leases)
(FY25: £(184.7)m)
Annual Report 2025
Published December 2025
Regulatory news
09 November 2026 Holding(s) in Company
05 November 2026 Final results for the 52 weeks to 30 August 2026
03 November 2026 Holding(s) in Company
02 November 2026 Holding(s) in Company
29 October 2026 Holding(s) in Company
Our strategy
Bringing the most relevant fashion product via an inspirational shopping experience with a sustainable and efficient operating model.
