River Island saw losses swell in its latest annual results.
The clothing brand’s operating loss nearly doubled (86.3%) to £65.3m for the 52 weeks to 28 December 2024.
EBITDA nearly tripled (186.6%) from a £17.2m loss the year prior to a £49.3m loss in 2024.
Sales declined 7.1% year on year to £537m.
Additionally, the brand’s pre-tax loss nearly doubled (92.7%) to £64m over the period, compared to a £33.2m loss the year before.
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The results come after River Island secured High Court approval for a restructuring plan back in August, designed to keep the fashion chain out of administration.
A Companies House filing for River Island read: “These accounts have been impacted by a significant post balance sheet event where the company undertook a formal Restructuring Plan (RP).
“Post RP, the company has a new and secure financing facility until 2028 with no cash interest servicing costs, a reduced store base with increased profitability per store, and a significantly reduced administration and distribution cost base.
“In parallel, the company has been executing a wider business transformation plan during 2025 to reduce costs, improve margins and increase sales, as described further below. Together, these changes will allow the business to return to profitability.”
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