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, which forced the retailer to suspend online orders for seven weeks. The attack resulted in a 55.4% drop in underlying pre-tax profits, with statutory profits plummeting to £3.4 million from £391.9 million in the previous year, costing the company approximately £136 million in total related expenses.