Discount supermarket behemoth Aldi witnessed its profit plummet by more than £100m during its most recent financial year, despite turnover surpassing the £18bn threshold.
Fresh figures disclosed by the retailer reveal operating profit dropped from £552.9m to £435.5m in 2024, as reported by .
Aldi attributed the decline to its ongoing commitment to "lower prices for customers, invest in infrastructure and increase pay for colleagues."
Throughout the same timeframe, Aldi's revenue climbed from £17.9bn to £18.1bn.
The retailer reported that sales have expanded by 4.8 per cent thus far in 2025, pushing its market share to 10.8 per cent.
Aldi has additionally unveiled plans to inject a record £1.6bn over the coming two years.
Aldi boss warns of price rises
However, in comments to BBC News, Aldi º£½ÇÊÓƵ chief executive Giles Hurley cautioned that Chancellor Rachel Reeves' Budget might trigger elevated food prices should additional increases to employers' expenses be incorporated.
The chief executive noted that the consequences of last year's National Insurance hike and the expense of fresh packaging initiatives had already "rippled through to prices on the shelf edge" throughout the supermarket industry.
Speaking to the BBC, Hurley stated: "Any policies which affect the operating costs of business should be considered very, very carefully because of the very real risk they find their way... back into the food system and onto prices."
In a statement accompanying the results, Hurley commented: "Shoppers are still finding things difficult and that's why we're staying laser focused on doing what Aldi does best – offering customers great quality products at unbeatable prices."
"Nobody else is making the same commitment to everyday low prices – no clubs, no gimmicks, no tricks – just prices our customers can trust and quality they can depend on."
"Since we opened our first º£½ÇÊÓƵ store over 35 years ago, we've brought high-quality, affordable groceries to almost 800 towns and cities, but there are hundreds more communities that don't have an Aldi nearby."
"We're more determined than ever to meet that demand, and that's why we're investing a record £1.6bn over the next two years, to bring Aldi prices closer to millions more customers."
