Asda’s owners TDR Capital have split £44m between them despite the supermarket’s recent struggles.

Newly filed accounts for the private equity firm show its 17 partners shared a £43.9m payout in the year to March, up from £33.6m the year prior, with the highest earning partner receiving £2.9m, The Telegraph reported.

TDR Capital first acquired Asda in 2021, alongside billionaire brothers Mohsin and Zuber Issa.

However, in June, it was announced that TDR Capital had agreed to acquire Zuber’s shares in the supermarket chain, becoming the majority owner of the supermarket giant.

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The agreement redistributed the ownership of the grocer to 67.5% by TDR Capital, 22.5% by Mohsin Issa, and 10% by Walmart Inc.

The past year has been a turbulent one for the supermarket giant, as it attempts to deliver a turnaround plan to halt its recent decline in sales and market share.

According to data from NIQ, Asda was the only supermarket to see its sales decline in the lead up the Christmas trading period, causing its market share to drop 1.1 percentage points to 12.1%.

Last month, Asda named former CEO Allan Leighton as its executive chairman, who has claimed it could take three to five years to turnaround the grocer.

Leighton said his initial priority would be to “restore Asda’s DNA”, including making improvements to price and availability, and hiring a new CEO.