Morrisons reports stagnant annual profit despite revenue growth as budget costs and cyber incident weigh on earnings
Morrisons reported flat core earnings of 835 million pounds for the year. Revenue grew 3.2 percent but was offset by fiscal costs and a cyber incident.
Insights:
Morrisons, the fifth-largest supermarket group in the United Kingdom 
GB, reported flat underlying EBITDA of 835 million pounds for the 2024/25 financial year despite a 3.2 percent increase in revenue to 15.8 billion pounds. The stagnation in core earnings occurred as the retailer faced a 200 million pound cost increase stemming from the UK government's 2024 budget, a first-quarter cyber incident, and higher-than-expected inflation.
GB, reported flat underlying EBITDA of 835 million pounds for the 2024/25 financial year despite a 3.2 percent increase in revenue to 15.8 billion pounds. The stagnation in core earnings occurred as the retailer faced a 200 million pound cost increase stemming from the UK government's 2024 budget, a first-quarter cyber incident, and higher-than-expected inflation.
