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flag Asda profits drop 33% despite sales growth and IT upgrade recovery.

flag Asda reported a 33% drop in adjusted earnings to £764 million and a 3.3% decline in sales to £21 billion for 2025. flag Despite challenges from a botched £1 billion IT upgrade and a transition following its 2021 sale, the retailer is seeing progress. flag Product availability has returned to an eight-year high of 95%, and like-for-like sales grew by 1.2% in March. flag Executive chairman Allan Leighton emphasized momentum in the turnaround plan, which includes lowering prices and strengthening the balance sheet.

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