Mothercare PLC (LSE:MTC) posted interim results that it said show how it has "stabilised as a smaller and cash generative business with greatly reduced debt".
The mother and child products retailer reported a 25% decline in global retail sales to £90.7 million for the 26 weeks to 27 September 2025, attributed to store closures in the Middle East and the planned exit from Boots.
An adjusted loss from operations of £0.5 million was recorded, compared to a £1.1 million profit in the same period last year. Underlying profit on an adjusted EBITDA basis fell to £0.8 million from £1.7 million in the prior period.
Net debt was cut to £5.8 million from £17.1 million a year earlier.
Chairman Clive Whiley said: “Mothercare is making good progress against our strategic priorities. After the strategic and operational challenges of the last few years, our performance in the first half shows that Mothercare has been stabilised as a smaller and cash generative business with greatly reduced debt.”
He added that the company’s new partnerships in South Asia and Turkey were “now bearing fruit, underlining the intrinsic value of and opportunity for our brand". He said 2026 will see a focus on rebuilding scale in the UK and overseas as well as refinancing debt facilities.