Key facts
- Boohoo targets over £100 million in annual profit before tax.
- Half-year reported EBITDA surged to £19.7 million from a £3.5 million loss.
- Statutory profit before tax was £28.3 million, a turnaround from a £17.9 million loss.
- Gross margin rose 220 basis points to 54.1%.
- Free cash flow turned to an inflow of £5.6 million from an outflow of £22.1 million.
Boohoo, the online fashion retailer formerly known as Debenhams Group, is targeting more than £100 million in annual profit before tax as its turnaround accelerates. The company reported half-year results to August 31, 2026, showing reported EBITDA surged more than 600% to £19.7 million, from a loss of £3.5 million a year earlier. Statutory profit before tax was £28.3 million in the period, compared with a loss of £17.9 million a year earlier. Gross merchandise value (GMV) before returns grew 1.8% to £863.8 million, and free cash flow swung to an inflow of £5.6 million from an outflow of £22.1 million.