Core Insights - Mothercare's revenue declined significantly due to store closures and the end of its partnership with Boots, with a 45% drop to £11.6 million [3] - The company is focusing on stabilizing its operations and reducing debt, with net debt down to £5.8 million from £17.1 million [4][5] Group 1: Financial Performance - Retail sales on a like-for-like basis decreased by 6% [1] - Adjusted EBITDA fell to £0.8 million from £1.7 million in the previous year [3] - The adjusted loss from operations was £0.5 million, compared to a profit of £1.1 million in the prior period [3] - Adjusted loss before taxation improved slightly to £1.1 million from £1.4 million [3] Group 2: Strategic Developments - Mothercare is maintaining a cash-neutral position and expects growth in retail sales, particularly in Turkiye and India [2] - The joint venture with Reliance Brands in South Asia is valued at approximately £30 million, granting perpetual rights to use the Mothercare brand in several countries [6] - Reliance Brands aims to increase retail sales to around £300 million within five years, with plans to open 50 new stores by 2026 [7] - In Turkiye, a licensing agreement with Ebebek Mağazacılık allows exclusive rights to use the Mothercare brand for a decade [7][8] - Ebebek Mağazacılık operates nearly 280 stores and has expanded into the UK, allowing Mothercare to purchase and rebrand products sourced by Ebebek for sale outside Turkiye [8]