Debenhams reports improved financial performance, saying its adjusted earnings rise as its turnaround gathers pace. The company says adjusted EBITDA increases by 13.9% to £24m in the first half of FY27, reflecting accelerated growth during the period.
The company also provides an update on its balance sheet. It says it aims to reduce net debt from £102m to “negligible” levels after selling parts of its business in recent weeks. The reporting emphasizes progress on the restructuring and debt reduction plan, with outlets focusing on either the earnings improvement or the scale of the debt reduction objective.
While the outlets share the same core figures—higher adjusted EBITDA and the net debt target—their coverage is framed slightly differently. Some focus more on the strength of the turnaround momentum, while others highlight the steps taken through asset sales and the prospect of bringing net debt down to near zero.
