Marks and Spencer Group plc reported in its Annual Report and Financial Statements 2025 that its profit after tax fell 31.3% compared with the prior financial year.
NOT BSTOTAL BS
NOT BS — Verdict: True
Verified by Lenz ·
The Short Version
The annual-report disclosures support this figure exactly. Marks and Spencer Group plc reported statutory profit after tax of £291.9m for 2024/25 versus £425.2m for 2023/24, which is a 31.3% year-on-year decline. The only apparent discrepancy comes from separate accounts for Marks and Spencer plc, a different legal entity from the group named in the claim.
Caveats
Do not confuse Marks and Spencer Group plc with Marks and Spencer plc; they are different reporting entities and can show different profit figures.
The 31.3% figure refers to statutory profit after tax, not adjusted profit, operating profit, or another earnings measure.
The comparison is specifically FY 2024/25 against FY 2023/24 as reported in the 2025 annual-report package.