Strong Cash Generation
GBP 10 million cash generation was reported, with GBP 2 million used for share buyback, resulting in an GBP 8 million increase over the last 12 months.
Doubling of Adjusted EBITDA
Adjusted EBITDA increased by 112% to GBP 3.6 billion, reflecting strategic focus on higher-quality core profitable customers.
Gross Profit Margin Improvement
Gross profit margin increased significantly, partially due to inventory liquidation and improved efficiency in marketing and cost savings.
Successful Inventory Management
Continued progress in inventory liquidation, with a plan to generate GBP 40 million in net cash from inventory.
Positive Retention and Acquisition Efforts
Retention metrics improved, entry-level product range in the U.S. saw increased sales, and acquisition metrics showed better efficiency.