Ocado FY26 1H adjusted EBITDA drops 11% to £81 million; revenue rises 1% to £684 million

Kroger Co.

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Ocado Group 1H26 group revenue rose 1% to £684 million excluding Kroger/Sobeys closure fees; reported revenue climbed 54% to £1.04 billion.
Group adjusted EBITDA slipped 11% to £81 million excluding closures; reported adjusted EBITDA rose to £432 million, lifted by £351 million of closure impacts.
EBT narrowed to a loss of £208 million excluding closures; reported EBT turned to profit of £17 million.
Underlying cash outflow widened to £147 million; reported cash flow swung to an inflow of £25 million on £263 million of net closure receipts.
Ocado Retail revenue increased 15% to £1.76 billion, adjusted EBITDA climbed to £73 million, adjusted EBT swung to profit of £12 million.

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