Dr. Martens plc (DOCS.L), a British footwear and clothing company, on Thursday reported improved profitability for the first half, despite a slight decline in revenue.
Loss before tax improved sharply to £11 million from £28.7 million a year earlier. One-time costs decreased to £1.4 million from £9.2 million last year.
Excluding one-time items, adjusted loss before tax also reduced to £9.4 million versus £16.6 million last year.
The company posted EBIT of £1.5 million compared with a loss of £15.1 million a year earlier. Adjusted EBIT improved to £3.1 million compared with loss of £3 million in the prior-year period.
Loss after tax narrowed to £10 million from £20.8 million, while adjusted loss after tax decreased to £9 million from £11.8 million. Basic loss per share improved to 1p from 2.2p loss, and adjusted basic loss per share was 0.9p compared with 1.2p loss last year.
Revenue slipped 0.8% year on year to £322 million. Ecommerce sales declined 7.3% to £81.3 million, while retail rose 3% to £98.2 million. Direct-to-consumer revenue fell 1.9% to £179.5 million, and wholesale edged up 0.6% to £142.5 million.
The Board has declared an interim dividend of 0.85p, payable on April 9, 2026 to shareholders of record on March 6, 2026.
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