ASOS Plc (ASC.L), Tuesday announced a full year update, as part of its multi-year turnaround, made significant strides in the fiscal year 2025, concentrating on creating a profitable and sustainable business.
By cutting back on excess inventory, streamlining warehouse operations, and fortifying its balance sheet, the company initially addressed legacy issues.
It then improved supplier contracts, cost base, stock management, and product design by restructuring its commercial model. This led to increased gross margins and a more robust business model.
In terms of finances, profit per order increased by 30 percent, adjusted EBITDA increased by more than 60 percent, gross margins increased by roughly 350 basis points, and free cash flow was slightly positive.
ASC.L closed Tuesday's trading at 279.00 GBP, down 14.00 GBP or 4.78 percent on the London Stock Exchange.
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June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.