Marks & Spencer Suffers Major Profit Loss Due to Cyber Attack

Marks & Spencer (M&S) reported a significant decline in profits following a cyber attack in April 2025 that disrupted its online and in-store operations. The retailer's statutory pre-tax profits fell from £391.9 million to just £3.4 million, reflecting a 99% drop, while the estimated cost of the attack is around £136 million, impacting sales and operations severely during the first half of the financial year.