ASOS Plc (ASC.L), an online fashion retailer, on Thursday reported narrower loss for the first half compared with the same period last year despite lower revenue.
The company posted a loss before tax of £137.9 million, compared with a loss of £241.5 million previously.
Excluding one-time items, adjusted loss before tax of £52.4 million, lower than a loss of £69.5 million a year earlier.
Operating loss narrowed to £100.9 million from £210.1 million a year earlier.
Adjusted operating loss narrowed to £18.3 million from £39.6 million in the prior-year period.
Adjusted EBITDA increased by 50% year-on-year to £64 million.
Loss for the period was £131.3 million or 109.9p per share, compared with £198.8 million or 166.8p per share in the prior-year period.
Adjusted loss for the period, however, widened to £62.3 million, from £56.2 million previously.
Revenue declined to £1.116 billion from £1.299 billion, representing a decrease year on year.
Adjusted revenue dropped to £1.114 billion from £1.292 billion last year.
For the full year, the company confirmed its outlook, expecting adjusted EBITDA of £150 million-£180 million.
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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.