Ocado swings to £17 million 1H26 statutory EBT; revenue rises 53.9% to £1.04 billion

• Ocado Group posted statutory EBT of £17 million for the 26 weeks ended May 31, swinging from a loss; revenue rose 53.9% to £1.04 billion.
• Adjusted EBITDA more than doubled to £432 million; Technology Solutions revenue more than doubled to £609.2 million, due to £353.5 million closure and cancellation fees.
• Underlying cash flow was an outflow of £147.3 million excluding Kroger and Sobeys closure impacts; cash and cash equivalents totaled £764.6 million.
• Technology Solutions recurring fees fell 3.2% to £230.8 million; Ocado Logistics revenue increased 7.8% to £427.8 million.
• Partnership with Asda to develop its UK online business, expected to go live in FY27; guidance kept for FY26 Technology Solutions revenue of about £500 million excluding closure fees.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Ocado Group plc published the original content used to generate this news brief on July 16, 2026, and is solely responsible for the information contained therein.