Online grocer Ocado has revealed its half year results for the 26 weeks ended 1st June 2025, reporting a 16.3% increase in its retail revenue.
Group revenue reached £674 million, up 13.2% compared to the 2024 H1 revenue. Its group adjusted earnings before interest, taxes, depreciation and amortisation (EBITDA) were £91.8 million, while Ocado’s retail revenue increased by 16.3% on the year prior to reach £1,525.5 million.
The increase in retail revenue was reportedly driven by order growth of 14.7% to 491,000 orders per week and underpinned by an increase in average active consumers of 13.4% as well as an improved frequency of purchase.
Ocado stated that its retail division had “maintained its strong growth position” in the UK market, ending the period as the UK’s fastest growing grocer over the past 12 consecutive months. Its share of the online market increased to 14.4% in the four weeks to 17th May 2025 (Nielsen), up 2.1% year-on-year. The online market now represents 11.9% of the total UK grocery market, according to data from Nielsen.
The average basket value grew by 0.7% to £124.19, and a small decline in the average number of items in a basket was offset by a “modest” increase of 1.4% in average selling price. Ocado said this remained “well below” the UK grocery inflation rate of 3.1%.
“Ocado Retail has maintained its position as the fastest-growing grocer in the UK, reflecting strong customer growth and continued market share gains.”
Tim Steiner, CEO of Ocado Group, said: “Ocado Group has delivered a strong first half and we have reached important milestones both in our UK business, as well as across our international partnerships.
“In recent months we have gone live in one of the most highly developed online markets, with Lotte in Korea, as well as a market in an early stage of online development with Panda in KSA. We have also expanded our long-standing partnership with Bon Preu in Catalonia. Meanwhile, Ocado Retail has maintained its position as the fastest-growing grocer in the UK, reflecting strong customer growth and continued market share gains. We continue to work hard with our partners to make sure they are all able to take full advantage of Ocado’s technology.
“Our current exclusivity terms are expected to roll off in multiple markets towards the end of this year, and we will start ramping up commercial conversations across global regions. Many of these markets have developed substantially in recent years and the online channel is fully established as the major growth driver in grocery globally. This is an exciting moment to bring the proven, enhanced and even more flexible Ocado offering back to these markets.ˮ
