Highlights

  • Debenhams Group FY26 Adjusted EBITDA now projected at GBP 50m across total operations.
  • PLT turnaround contributes materially, prompting its retention in Debenhams’ continuing operations.
  • Company progressing licensing deals and non-core asset sales to reduce net debt over 12 months.

Debenhams Group (LSE:DEBS), a leading online platform, announced that for the fiscal year ending 28 February 2026 (FY26), trading has exceeded prior expectations. The Group now forecasts full-year Adjusted EBITDA for total operations to reach GBP 50m. This improvement reflects continued momentum in the Debenhams brand, notable gains in Youth Brands performance, and accelerated progress on the ongoing transformation plan. All brands under the Group’s portfolio continue to operate profitably.

PLT Brand Turnaround
The Board highlighted PLT's turnaround as a key factor in the year’s improved profitability. Previously considered an asset for sale, PLT will now remain part of Debenhams’ continuing operations. The company cited the pace and scale of the turnaround, coupled with the potential as a fashion-led marketplace, as reasons for retention.

Asset Optimization and Licensing
Debenhams is actively exploring substantial licensing opportunities while progressing the sale of non-core assets. Management indicated that successful transactions could materially reduce net debt over the next 12 months, enhancing financial flexibility. The company has committed to updating the market on progress in March 2026.

Outlook
While no specific guidance beyond FY26 is provided, Debenhams continues to focus on operational efficiency, brand performance, and financial optimization. The combination of brand momentum, ongoing transformation efforts, and strategic asset management remains central to the Group's fiscal planning.

Share performance
DEBS shares raise 6.68% to GBX 25.39 at time of writing on January 28, 2026.