All HTML markup is stripped when you save an article
From Joomla! Documentation
Revision as of 10:26, 2 September 2012 by Tom Hutchison
In some cases (for example, when you have a database error during the update), when you edit an article, all of the HTML markup is removed when the article is saved.
To fix this, navigate to Global Configuration → Text Filters, make sure the filters are set correctly, then Save.
This is caused by moving the Text Filter function from Article ManagerOptions → Global Configuration. In a normal 2.5.0 update, these Text Filter settings are transferred automatically.