Asos (LSE:ASC) has signed and completed the disposal of its Atlanta fulfilment centre, assigning the lease to an undisclosed global consumer brand and selling the automation assets to a DHL Group subsidiary, generating net proceeds of approximately £48m.
The site had been fully written down in prior periods and was non-operational, so the transaction crystallises value from a non-core asset rather than unwinding a live operation.
The deal delivers annual cash savings of approximately £6m in rent and occupancy costs, and produces a one-off profit before tax of approximately £78m, which will be recognised as an adjusting item in the full-year 2026 results.
Combined with the £67m raised from the Lichfield fulfilment centre sale in May, the two disposals reduce pro forma net debt, excluding lease liabilities, to approximately £180m from £295m as at 1 March, against a cash position of £209.5m at that date.
"The disposal of Atlanta is another clear demonstration of us delivering on our commitments, strengthening the balance sheet, simplifying the business and maintaining strict discipline in how we allocate capital," said chief executive Jose Antonio Ramos.
The Atlanta transaction completes what Asos describes as its non-core asset sale programme, following the November 2025 refinancing and repayment of its 2026 convertible bonds in April.
