Marks & Spencer’s full-year sales rose 25% to £17.4bn, driven by the inclusion of Ocado Retail revenue for the first time.
Excluding this, total sales rose 2% to £14.2bn, with Food sales growth of 7% largely offset by an 8% decline in Fashion, Home & Beauty (FH&B) resulting from the cyber-attack.
Underlying pre-tax profits fell by 24% to £671mn, due to disruption from the cyber incident across both Food and FH&B.
Free cash flow fell from a £420mn inflow to an £8mn outflow. Net debt, including lease liabilities, rose from £1.8bn to £2.4bn.
For the year ahead, M&S expects profits to grow relative to 2024/25 levels.
A final dividend of 3.0p per share was announced, taking the full-year total to 4.2p, up 17%.
The shares rose 4.0% in early trading.
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Marks & Spencer key facts
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