Marks & Spencers announce a final dividend of 2.6p per share has been declared. This will be payable on 4 July 2025 to shareholders on the register of members as at close of business on 30 May 2025.
Other financial highlights include:
Profit before tax and adjusting items up 22.2% at £875.5m (2023/24: £716.4m), highest in over 15 years
Statutory PBT down 23.9% at £511.8m (2023/24: £672.5m); £248.5m non-cash impairment of investment in ORL
Food sales up 8.7% to £9.0bn; adj. operating profit £484.1m (2023/24: £388.4m); margin of 5.4%
Fashion, Home & Beauty sales up 3.5% to £4.2bn; adj. operating profit £475.3m (2023/24: £437.5m); margin of 11.2%
International constant currency sales down 7.1% to £0.7bn; adj. operating profit £46.3m (2023/24: £47.8m)
Ocado Retail Limited (ORL) JV share of adj. loss £28.7m (2023/24: £37.3m share of adj. loss)
Adjusted return on capital employed increased to 16.4% (2023/24: 14.1%)
Very strong balance sheet; £443.3m free cash flow from operations and £437.8m net funds excluding lease liabilities
