PwC UK profit rises to £1.37bn in 2025

Core Insights - PwC UK reported a profit of £1.37 billion for the financial year ending 30 June 2025, marking a 20% increase from £1.14 billion in 2024 [1] - The group's revenue was relatively flat at £6.35 billion in 2025, a slight rise of 0.4% from £6.33 billion the previous year [1] - The growth in profits was driven by the Tax, Deals, and Audit divisions, with the Tax service line achieving a 6% revenue increase [3] Financial Performance - Profit for the financial year 2025: £1.37 billion, up 20% from £1.14 billion in 2024 [1] - Revenue for 2025: £6.35 billion, a 0.4% increase from £6.33 billion in 2024 [1] - Revenue growth rates: UK market at 0.3%, Middle East at 0.4%, and Channel Islands at 5% [1] Operational Changes - The company made the decision to reduce roles in certain areas, though specific numbers were not disclosed [2] - Average distributable profit per UK partner remained stable at £865,000, compared to £862,000 in FY24 [2] - Consulting and risk advisory services in the UK contracted by approximately 3% due to tougher market conditions [2] Strategic Initiatives - PwC launched the Tech Catalyst, an independent unit aimed at fostering technology-driven transformation [4] - The company is focused on sustainable growth and improving market sentiment to create a stronger pipeline across its multidisciplinary portfolio [4]