Asda losses plunge to nearly £1bn amid major price cuts

Stay up to date with notifications from The IndependentNotifications can be managed in browser preferences.Jump to contentThank you for registeringPlease refresh the page or navigate to another page on the site to be automatically logged inPlease refresh your browser to be logged inAllNewsSportCultureLifestyleAsda, the UK's third-largest supermarket chain, reported a pre-tax loss of £989 million for 2025 (Rui Vieira/PA) (PA Archive)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.”In fullAsda tumbles to near-£1bn loss amid heavy price cuttingThank you for registeringPlease refresh the page or navigate to another page on the site to be automatically logged inPlease refresh your browser to be logged in

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