Next ’s latest financial report on Thursday’s showed just how strong the fast-growing UK-based retail business is and also how much it has benefited from M&S ’s cyberattack-linked issues this year.

The figures didn’t come as a surprise given that Next had issued an upbeat trading statement for Q2 back in late July. But Thursday’s confirmed figures contained plenty of extra detail.

So let's look at the numbers first. As full-price sales rose 10.9%, total group sales including markdowns and subsidiaries were up 10.3% at £3.249 billion. Statutory revenue rose 9.9% to £3.145 billion. Group profit before tax rose 13.8% to £515 million, statutory profit before tax jumped 17.8% to £509 million and group profit after tax rose 13.4% to £387 million.

For the year to January 2026 the company ex

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