Ocado Group plc reported a statutory pre-tax profit of £17.1 million for the 26 weeks ending May 31, 2026. This result reverses a £173.1 million loss recorded in the same period last year. Group revenue increased 54% to £1.04 billion. One-off payments from partners Kroger and Sobeys fueled this revenue growth. Excluding these one-off impacts, underlying revenue grew by 1%.
The Ocado Retail joint venture with Marks & Spencer returned to profitability with an adjusted EBIT of £12 million. This performance compares to a £17 million loss in the prior year. Revenue for the retail division grew by 15%.
Ocado reaffirmed its full-year guidance following the results. The company expects to reach a cash flow positive position in the second half of 2026. Management remains on track for positive cash flow for the full fiscal year 2027.