Co-op has released its results for the six months ended 5th July 2025, with its net debt reduced to £43 million, down from nearly £1 billion in 2021.
Group revenue for the first half (H1) totalled £5.4 billion, down from H1 2024’s revenue of £5.6 billion. Food revenue decreased by 1.6%, changing from £3.67 million in H1 2024 to £3.62 million in H1 2025.
Co-op estimated that the impact of a targeted cyber attack had left the retailer down £206 million in group revenue, and down by £80 million in group operating profit.
Looking at its reported figures, Co-op experienced a £56 million operating loss, a decrease on the year prior, which saw Co-op achieve an operating profit of £35 million.
Co-op chair Debbie White commented: “The first half of 2025 brought significant challenges, most notably from a malicious cyber attack. Our balance sheet strength and the magnificent response of our 53,000 colleagues enabled us to maintain vital services for our members and their communities. We must now build our Co-op back better and stronger to meet the challenges and opportunities that lie ahead.”
Shirine Khoury-Haq, chief executive of Co-op, said: “Over the past three years, we’ve built a stronger and more resilient Co-op – one that’s better able to navigate the headwinds that all businesses are facing.
“When we experienced a significant cyber attack, that financial strength allowed us to respond as a member-owned organisation. I’m very proud of how we reacted: we kept trading, prioritised colleagues and vulnerable communities, and launched a partnership with The Hacking Games to tackle youth disenfranchisement – the root of many cyber threats.
“The cyber attack highlighted many of our strengths. But more importantly, it also highlighted areas we need to focus on – particularly in our Food business. We’ve already started on this journey, refining our member and customer proposition, making structural changes to our business, and setting our Co-op up for long-term success.”
Outlook
Co-op said it anticipates “continued cost headwinds, global volatility and high competition”, with future planning to be “stepped up” across all business areas.
The retailer will work towards 30 planned store openings in H2, including food stores and franchise formats. It also said it would build on the £131 million invested in H1, while launching new ranges and opening ‘On The Go’ microstores with deli options and hot food.
