PwC UK has reported a profit of £1.37bn for the financial year ending 30 June 2025, a 20% increase from £1.14bn in 2024.

The group's revenue remained relatively flat at £6.35bn in 2025, a 0.4% rise from £6.33bn the previous year.

This financial performance encompasses the group's operations across the UK, Middle East and Channel Islands.

Within the group, the UK and Middle East markets experienced growth rates of 0.3% and 0.4%, respectively.

The Channel Islands reported a revenue increase of 5%.

The company has also taken the “tough decision to reduce roles in some areas”, although it has not disclosed specific numbers.

Despite these cuts, the average distributable profit per UK partner remained relatively stable at £865,000, compared to £862,000 in fiscal year 2024 (FY24).

In the UK, PwC's consulting and risk advisory services experienced a contraction of around 3%, which the company attributed to “tougher market conditions”.

The growth in profits was supported by the performance of the Tax, Deals and Audit divisions, with the Tax service line achieving a 6% revenue increase.

This was partly due to the company's efforts in assisting clients with navigating complex regulatory changes.

Commenting on the results, PwC senior partner Marco Amitrano said: “Against a challenging macro backdrop, we have shown resilience and taken decisive steps to position our business for sustainable growth that meets the interests and expectations of all our stakeholders. While headwinds remain, improving market sentiment is creating a stronger pipeline across our multidisciplinary portfolio.”

On the innovation front, PwC launched the Tech Catalyst, an independent unit dedicated to fostering technology-driven transformation.

This includes a range of services, from the early stages of prototyping to engineering and platform services.

According to a Financial Times report in June, PwC UK planned to lay off 175 junior auditors.

"PwC UK profit rises to £1.37bn in 2025 " was originally created and published by International Accounting Bulletin, a GlobalData owned brand.

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