ASOS PLC (ASC.L,ASOMF.PK,ASOMY.PK), a British online fashion and cosmetic retailer, on Friday reported a narrower pre-tax loss for the full year. The company has also registered a decline in revenue.
For the 12-month period to August 31, the company posted a pre-tax loss of GBP 281.6 million, compared with a loss of GBP 379.3 million last year. Excluding items, pre-tax loss was GBP 98.2 million, versus a loss of GBP 126 million in 2024.
Net loss stood at GBP 298.4 million, or 250.1 pence per share, as against the prior year's loss of GBP 338.7 million, or 284.4 pence per share. Adjusted loss moved down to GBP 95.9 million from last year's loss of GBP 123.4 million.
Operating loss was GBP 212.3 million, narrower than a loss of GBP 331.9 million a year ago. Adjusted EBITDA, however, surged to GBP 131.6 million from GBP 80.1 million last year.
Revenue was GBP 2.477 billion, less than GBP 2.905 billion in the previous year. Gross Merchandise Value slipped to GBP 2.456 billion from the previous year's GBP 2.817 billion.
Looking ahead, for the full year, ASOS PLC said: "GMV to show an improving trajectory through the year, with FY26 GMV 3-4ppts ahead of revenue performance as FF scales. Further gross margin expansion of at least 100bps to 48-50%, driven by continued growth in full-price sale mix and FF models. Further adjusted EBITDA growth to £150m to £180m, supported by continued variable and fixed cost discipline, with meaningful YoY margin expansion in H1 and H2. FCF expected to be broadly neutral."
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