MOTHERCARE

Mothercare reported a 25% decline in global retail sales in H1 2026 to £90.7m. Adjusted EBITDA fell to £0.8m and the company recorded an adjusted operating loss of £0.5m, compared with a £1.1m profit a year earlier. Net debt fell to £5.8m, but the company breached the liquidity covenant on an £8m credit facility, which may be called. Mothercare cites store closures in the Middle East and the withdrawal from its Boots partnership as main reasons, sees stabilization from new partners in South Asia and Turkey, and plans to refinance credit facilities and explore growth options. » Altro su de.investing.com

The trustee of Mothercare’s pension fund has agreed to extend the deferral of pension contributions until March 2026; outstanding contributions for the financial year total £3.0m. A new payment plan is to be drawn up by 31 March 2026, with payments resuming from 19 April 2026 at an amount the trustee considers affordable. Mothercare also confirms a breach of the liquidity covenant on an £8m credit facility, but the lender has indicated support and is not demanding immediate repayment. The company says it has sufficient liquidity to continue trading and is exploring options to close the pension deficit as well as strategic measures to strengthen its business in the UK market. » Altro su de.investing.com