ASOS Narrows First-Half Losses Amid Improved Earnings
ASOS reported a 51% year-on-year increase in adjusted EBITDA to £64m for the first half of 2026, despite declining sales and customer numbers. The company's pre-tax losses narrowed to £137.9m from £241.5m in the prior year, driven by a non-cash impairment charge on legacy technology assets.
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Topics: customer growth debt earnings EBITDA GMV losses operating loss revenue decline