Morrisons delivers ‘resilient’ full year performance
Morrisons increased its revenue by 3.2% to £15.8 billion in the year to 26 October 2025.
Group like-for-like sales edged up 2.8%, following growth of 2.4% in the fourth quarter. Full-year underlying EBITDA was maintained at £835 million, despite significant and some unexpected external cost pressures.
Subscribe to TRBThe supermarket also delivered a strong online performance, achieving double-digit like-for-like growth over the year. Active users of the Morrisons More Card rose by 11% to a record high of eight million.
Rami Baitiéh, Morrisons chief executive, said: “2024/25 was another year of renewal and modernisation for Morrisons.
“In a year when consumers were feeling the squeeze, we grew like-for-like sales for a twelfth consecutive quarter, maintained EBITDA and our market share, and demonstrated our resilience in the face of some tough external headwinds, from the cyber incident, rising inflation and government cost increases, which we worked hard to offset.
“In Q4 we also made the changes and investments in prices, promotions and loyalty that laid the foundations for more robust momentum in the first quarter of the new financial year.”
Morrisons also gave an update on its Christmas trading period when like-for-like sales grew by 3.4% following strong performances in fresh food and The Best premium range.
Baitiéh said: “We had a good Christmas in 2025, providing a solid foundation for the first quarter. As we enter 2026, the grocery market remains competitive and we are committed to our focus on delivering good value and keeping prices low for customers, announcing a further 2,500 price cuts at the start of January.
“I would like to thank all of our colleagues, farmers and suppliers for everything they do for Morrisons, their commitment and diligence is the foundation for the progress we are making.”
