**Summary**
Boohoo Group Plc (Debenhams Group) released a trading update on January 28, 2026, announcing that its financial performance for the year ending February 28, 2026 (FY26), is exceeding expectations. The company now anticipates full-year Adjusted EBITDA of ยฃ50 million, up from the previous guidance of ยฃ45 million issued in November 2025. This improvement is attributed to strong momentum in the Debenhams brand, enhanced performance of its Youth Brands, and accelerated progress on its transformation plan. Notably, the turnaround of the PLT brand has been successful, leading the Board to retain it as a core asset rather than selling it. PLT will now be reported as part of continuing operations. Debenhams Group is also exploring licensing opportunities and advancing the sale of non-core assets to reduce net debt over the next 12 months. The company will provide further updates in March 2026.
**Key Points**
1. FY26 Adjusted EBITDA expected at ยฃ50 million, surpassing previous guidance of ยฃ45 million.
2. Strong performance driven by Debenhams brand, Youth Brands improvement, and transformation progress.
3. PLT brand turnaround successful
retained as a core asset and included in continuing operations.
4. Exploring licensing opportunities and non-core asset sales to reduce net debt.
5. Next market update scheduled for March 2026.
Below is the HTML table code comparing the financials and debt year-on-year based on the provided text. Since the text only provides information for FY26 and a previous guidance from FY25, the table reflects these details:
### Explanation:
1. **Adjusted EBITDA**: The table compares the previous guidance for FY25 (ยฃ45m) with the current expectation for FY26 (ยฃ50m), showing a ยฃ5m increase.
2. **Net Debt**: The text mentions that Debenhams is exploring opportunities to materially reduce net debt in the next 12 months, but no specific figures are provided for comparison. Hence, it is noted as a positive improvement. This table provides a clear year-on-year comparison based on the available data.