UK's Ocado targets cash flow positive in second half of 2026
26/02/2026 07:09
LONDON, Feb 26 (Reuters) - Ocado OCDO.L, the British technology and online grocery group, said on Thursday it was targeting becoming cash flow positive in the second half of 2026 as it reported a jump in underlying earnings for 2025. London-listed Ocado, which provides automated technology for distribution centres and runs its own UK online grocery business through a joint venture with Marks & Spencer MKS.L, reported underlying earnings of 178 million pounds ($241.3 million) for its 2024/25 year, up from 112 million pounds in the previous year. ($1 = 0.7378 pounds) UPDATE 2-UK's Ocado says Canadian partner to close warehouse in latest blow nL4N3YU0TG Ocado's robotic future under threat as Kroger looks to Instacart nL8N3WV1O1 (Reporting by James Davey; Editing by Kate Holton) ((james.davey@thomsonreuters.com))