ASOS expects full-year (2025) revenue to come in slightly below market expectations, amid soft consumer demand.
Underlying cash profit (EBITDA) rose over 60% year-on-year, reflecting higher gross margins and cost savings - but is now expected at the lower end of the £130-£150mn guided range.
ASOS also mentioned that it delivered a modest free cash inflow for the year.
For the full year 2026, the group expects profit and free cash flow to be in line with market expectations.
The shares fell 12.9% in early trading.
Our view
HL view to follow.
ASOS key facts
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This article is original Hargreaves Lansdown content, published by Hargreaves Lansdown. It was correct as at the date of publication, and our views may have changed since then. Unless otherwise stated estimates, including prospective yields, are a consensus of analyst forecasts provided by LSEG. These estimates are not a reliable indicator of future performance. Yields are variable and not guaranteed. Investments rise and fall in value so investors could make a loss.
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