Overview

• The group reported an underlying loss before tax of £75 million for the six months to July 5, reversing a £3 million profit a year earlier.
• The attack in April disrupted stores with empty shelves and payment issues, affecting trading across the period.
• Co‑op said the earnings impact includes £20 million of non‑underlying one‑off costs related to the cyber incident.
• Underlying operating performance swung to a £32 million loss from £47 million of earnings in the prior year.
• The company expects a further, though reduced, financial impact in the second half of the year.