Sky News can reveal that Harrods recorded a pre-tax profit of £84.9m in the year ended 31 January, according to accounts to be made public on Tuesday. The profit figure compares to a pre-tax loss of just over £34m in 2024, with tougher trading conditions exacerbated by a £62.5m compensation charge relating to Mohamed Al Fayed’s decades-long catalogue of abuse. As the provision was included in our FY24 accounts, this is not reflected again in our FY25 accounts. Geoff Weaver, Harrods’ chief financial officer, described the latest results for Harrods Group (Holding) Limited as showing “further stabilisation and modest growth”. Harrods’ latest results come as rival Harvey Nichols is on the brink of a pre-pack administration which will see it sold to the billionaire retailer Mike Ashley’s Frasers Group.