Income on the grocery store M&S plummeted within the agency’s newest outcomes because it revealed the price of a latest high-profile cyber assault in opposition to it was over £100m.
The group posted a pre-tax revenue for the half-year ended September 2025 of £184.1m, down 55.4% from the earlier 12 months.
In its interim outcomes, M&S revealed the direct prices of its latest cyber assault, which noticed all on-line gross sales suspended quickly, was £101.6m, with additional fees of £34m anticipated within the second half of the monetary 12 months, bringing the entire prices to £136m.
The incident has contributed considerably to the agency’s statutory income being virtually totally worn out, going from £391.9m to simply £3.4m, regardless of general income growing by 22.5% to £7.9bn.
The corporate was in a position to declare as a lot as £100m in insurance coverage following the assault.
“The previous six months have been a rare interval for M&S and the one-off results of the incident are mirrored in our first half outcomes,” the corporate stated.
“Regardless of the substantial disruption, we made additional progress and elevated funding in our transformation, investing in new shops, launching the long-term modernisation of our meals and vogue provide chains, and strengthening our expertise infrastructure. These actions are reshaping M&S for restored momentum within the second half of the 12 months and past.”
