By Ian Walker

Boohoo reported a rise in its preferred profit figure for fiscal 2025 as it benefited from the transformation of Debenhams and cost-cutting measures, and said it is exploring the sale of its PLT brand.

The clothing retailer--which has rebranded as Debenhams--said Tuesday that it is also weighing up options for its distributions sites in the U.S. and Burnley in England as its center in Sheffield has capacity to fulfill all of the group's needs.

Adjusted earnings before interest, taxes, depreciation and amortization from continuing operations for the year ended Feb. 28 rose to 41.6 million pounds ($56 million) from 40.4 million pounds for the comparable period a year earlier.

Revenue for the year was 790.3 million pounds compared with 902.3 million pounds.

The company added that it cut operating costs to 375.5 million pounds from 440.2 million pounds, including a 30% reduction in staffing.

It said Debenhams brand's gross merchandise value--a key industry metric--rose by 34% to 654.0 million pounds.

The company said all brands are now performing profitably at an adjusted Ebitda level and it expects the metric for the first half of the new year to beat the comparable period a year earlier.

"I strongly believe in the medium-term opportunity for our group. We continue forward as Debenhams Group under new leadership, a new strategy, and a new direction," Chief Executive Dan Finley said.

Shares were up 0.32 pence, or 2.2%, at 14.90 pence in mid-afternoon European trading. However, they are currently down 56% over the year to date.

Write to Ian Walker at ian.walker@wsj.com

(END) Dow Jones Newswires

August 26, 2025 09:54 ET (13:54 GMT)

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