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
15 April 2026 Director Declaration
09 April 2026 Notice of Results
25 March 2026 Pre-close Trading Update
23 March 2026 Holding(s) in Company
13 March 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.
