This announcement contains inside information for the purposes of the Market Abuse Regulation (EU) No. 596/2014 (as amended) as it forms part of the domestic law of the United Kingdom by virtue of the European Union (Withdrawal) Act 2018 (as amended).

boohoo group plc

("Debenhams Group", "Debenhams" or the "Company")

Trading Update

Debenhams Group (AIM: DEBS), a leading online platform, is pleased to announce that for the year to 28 February 2026 ("FY26"), it is trading above expectations and full year Adjusted EBITDA^[1]  for total operations in the current year is now expected to be £50m^[2].

This is a result of the continued momentum in our Debenhams brand, a discernible improvement in the performance of our Youth Brands and accelerated progress on our transformation plan. All our Brands continue to trade profitably. 

We are particularly pleased with the pace and scale of PLT's turnaround and the resulting material improvement in profitability. The Board had previously held the brand as an asset for sale. Given the success we are seeing with the turnaround, the momentum it is building and the substantial opportunity ahead as a fashion-led marketplace, the brand will be retained. As a result, PLT will be reported in the current year in Debenhams' continuing operations. 

Debenhams is exploring significant licensing opportunities and continues to advance the sale of non-core assets which would materially reduce the net debt in the next 12 months. 

The Company will update the market in March 2026.

Notes:

^[1] Adjusted EBITDA is calculated as loss before tax, interest, depreciation, amortisation, share-based payment charges and exceptional items.

^[2] Previous guidance as at 27 November 2025 was approximately £45m Adjusted EBITDA for total operations for FY26.

About Debenhams Group

Debenhams Group is an online platform, for fashion, home, and beauty, serving millions of customers across five shopping destinations: Debenhams, Karen Millen, boohoo, MAN and PLT. Debenhams Group dates back to 1778 when William Clark, a retail pioneer of the time, opened the UK's first department store. Today, the Group is home to Debenhams, Britain's online department store and leading fashion-led marketplaces, boohoo, PLT, MAN, and Karen Millen.