India, Sept. 24 -- ASOS Plc (ASC.L), an online fashion retailer, Thursday said that it now expects full-year adjusted EBITDA to be above the midpoint of its £150 million-£180 million guidance.
The company said adjusted EBITDA increased more than 25% year-on-year in fiscal 2026, driven by improved gross margin, a lower returns rate and continued cost discipline. Adjusted gross margin exceeded 50%, ahead of the company's guided range of 48% to 50%.
Full-year gross merchandise value (GMV) declined 5% year-on-year, although the rate of decline improved through the year, with GMV returning to low-single-digit growth in Q4.
On the LSE, ASOS shares were up nearly 7% at 460p.
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