Retailer reports £5.0m statutory loss for FY26 as franchise sales drop 22% year-on-year amid regional turmoil and UK partnership termination.
Mothercare reported a £5.0m statutory loss for the 52 weeks ending 28 March 2026, reversing a £6.2m profit from the prior year. The loss was driven by a 22% decline in worldwide retail sales by franchise partners to £180.0m, impacted by the Middle East crisis and the end of its UK arrangement with Boots.
Operating losses reached £1.2m, down from a £16.0m profit in FY25, while adjusted EBITDA fell to £1.3m from £3.5m. Administrative expenses before adjustments dropped by £2.1m to £10.4m, aided by IT cost reductions and tighter controls on payroll and professional fees.
Chairman Clive Whiley acknowledged resilience in financial performance but highlighted ongoing challenges in restoring critical mass. The company completed a refinancing and aligned its first-charge debt with equity to support recovery efforts.