- Asda , the UK's third-largest supermarket chain, reported a pre-tax loss of £989 million for 2025, a significant increase from the £599 million loss recorded the previous year.
- The substantial loss was largely driven by a £656 million one-off cost related to the IT separation from its former parent company, Walmart .
- The supermarket also saw its adjusted earnings fall by 33 per cent to £761 million for the year, in part due to the Asda Price and Rollback price investment.
- Meanwhile, like-for-like sales, excluding fuel, slipped 3.1 per cent lower year-on-year.
- Despite the financial losses, an Asda spokesperson affirmed the business's “strong balance sheet”, citing “£1.3bn in cash” and “£2.1 billion of total liquidity”. They added: “This gives us the flexibility to continue investing in our long-term growth strategy and deliver a disciplined and sustainable turnaround.”
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