Asos FY25 profitability improves but revenues decline

Asos reported a step forward in its multi-year turnaround as the Group delivered substantial improvements in profitability, stock efficiency and cost discipline during the 52 weeks to 31 August 2025, despite softer consumer demand and a deliberate pullback on low-quality orders. The company posted an adjusted loss before tax of 98.2 million pounds and adjusted EBITDA of 131.6 million pounds, an improvement of 51.5 million pounds on the prior year, reflecting the impact of its new commercial and stock operating models.