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The retailer noted that rising sales, good gross margin performance and improved stock management have all helped to raise the figure over the 12-month period.
It will announce its preliminary results next month and chief executive Rob Templeman said the firm's performance has been "pleasing", news that may be welcomed by those trading in Debenhams shares on the stock market.
However, he warned that it "will be difficult to predict consumer behaviour" over the coming months.
Market share increased for the business over the 12 months, but it saw a 3.8 per cent fall in like-for-like sales during the second half as a result of disrupted trading while around 530,000 sq ft of retail space was being converted.
Shares in Debenhams were down 0.7p to 84.35p at 11:04 BST.
