Alstom, the train manufacturer supplying the London Underground, has seen its profit cut by nearly £100m as turnover significantly decreased during its most recent financial year.

The Derby-based firm reported a pre-tax profit of £21.9m for the 12 months to 31 March, 2025, a sharp drop from the £121m it posted in the previous year, as reported by City AM .

Recently filed accounts at Companies House reveal that its turnover also fell from £672.8m to £555.4m over the same period.

These declines follow a period where Alstom's turnover had risen from £489.4m in the year to 31 March, 2023, and its pre-tax profit had increased from £60.8m.

The new financial statements also indicate that the value of orders received by Alstom in the year dropped from £181.9m to £164.4m, while its dividend

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