The earnings call highlighted solid revenue growth, significant cash flow improvements, and strong liquidity, indicating positive business health. However, challenges such as increased finance costs, elevated support costs due to ongoing migrations, and the impact of wage increases affecting service delivery costs were noted. The deconsolidation of Ocado Retail also presented a financial setback.

Company Guidance -

Q4 2025

During the call, the guidance for Ocado Group emphasized several key metrics and strategic priorities. The company aims to become cash flow positive by fiscal year 2026 through disciplined execution and lean operations. Revenue growth was reported at 13% overall, with Technology Solutions and Logistics segments growing by 15% and 12%, respectively. Underlying cash flow improved by GBP 93 million, while group adjusted EBITDA increased by GBP 40 million to GBP 92 million. Technology Solutions reported a GBP 73 million EBITDA with a mid-20% margin. Liquidity was strong at GBP 1.2 billion, which includes a GBP 300 million revolving credit facility. Ocado Logistics showed a consistent EBITDA contribution of GBP 19 million, with improvements in productivity metrics such as units per hour. The deconsolidation of Ocado Retail led to a GBP 783 million gain, reflecting a cautious valuation of the company's 50% stake. The company plans to focus on evolving its commercial strategy while addressing changes in exclusivity terms, aiming for more flexibility in partnerships. These efforts are underpinned by a focus on cost discipline and strategic growth in their international operations.

Revenue Growth

Revenue increased by 13% overall, with Technology Solutions and Logistics growing at 15% and 12% respectively.

Cash Flow Improvement

Underlying cash flow improved by GBP 93 million year-over-year, driven by lower CapEx, fees from partners, and cost control.

Strong Liquidity Position

As of the end of June, liquidity was nearly GBP 1.2 billion, including GBP 866 million in cash and an undrawn GBP 300 million revolving credit facility.

Technology Solutions Performance

Technology Solutions reported GBP 73 million EBITDA, with a mid-20% EBITDA margin, driven by increased live modules and recurring revenue growth.

Ocado Retail Revenue Growth

Ocado Retail showed a 16% increase in revenue, with strong growth in customer numbers and order frequency.

Ocado Retail Customer Growth

Active customers increased by 13%, and Ocado Retail continues to invest in price to attract more customers.

Ocado Group (GB:OCDO) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

GB:OCDO Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Feb 26, 2026	2025 (Q4)	-0.25 / -	-0.313	―	―	―
Jul 17, 2025	2025 (Q2)	-0.19 / -0.17	-0.166	-1.81% (>-0.01)
Feb 27, 2025	2024 (Q4)	-0.26 / -0.31	-0.309	-1.29% (>-0.01)
Jul 16, 2024	2024 (Q2)	-0.23 / -0.17	-0.243	31.69% (+0.08)
Feb 29, 2024	2023 (Q4)	-0.35 / -0.31	-0.31	0.32% (<+0.01)
Jul 18, 2023	2023 (Q2)	-0.26 / -0.24	-0.287	15.33% (+0.04)
Feb 28, 2023	2022 (Q4)	-0.28 / -0.31	-0.178	-74.16% (-0.13)
Jul 21, 2022	2022 (Q2)	-0.27 / -0.29	-0.105	-173.33% (-0.18)	―	―
Feb 08, 2022	2021 (Q4)	-0.22 / -0.18	-0.064	-178.12% (-0.11)	―	―
Jul 06, 2021	2021 (Q2)	-0.09 / -0.10	-0.114	7.89% (<+0.01)	―	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

GB:OCDO Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Jul 17, 2025	235.50p	279.00p	+18.47%
Feb 27, 2025	333.20p	273.00p	-18.07%
Jul 16, 2024	340.40p	360.50p	+5.90%
Feb 29, 2024	490.70p	511.40p	+4.22%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does Ocado Group plc (GB:OCDO) report earnings?

Ocado Group plc (GB:OCDO) is schdueled to report earning on Feb 26, 2026, Before Open (Confirmed).

What is Ocado Group plc (GB:OCDO) earnings time?

Ocado Group plc (GB:OCDO) earnings time is at Feb 26, 2026, Before Open (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is the P/E ratio of Ocado Group plc stock?

The P/E ratio of Ocado Group is N/A.

What is GB:OCDO EPS forecast?

GB:OCDO EPS forecast for the fiscal quarter 2025 (Q4) is -0.25.

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