Co-op Reports £161 Million Profit Surge While Addressing Rising Costs

The Co-operative Group reduced its debt by 94% and grew membership to 6.2 million but faces over £200 million in projected costs for 2025.

The Co-operative Group's annual pre-tax profits jumped to £161 million, a significant increase from £28 million the previous year.
Net debt was reduced to £55 million, marking a 94% decrease from its peak of £900 million three years ago.
Membership grew by 22% to 6.2 million, with the group on track to reach its target of 8 million members by 2030.
The group anticipates over £200 million in costs for 2025, including £80 million from shoplifting losses and £50 million from increased national insurance contributions.
Revenue in the food retail sector rose by 1.9% to £7.4 billion, with online sales increasing by 46% to £460 million.