The Co-op maintained its revenue at £11.3 billion while increasing its underlying operating profit by £34 million to £131 million, along with reduced net debt of £55 million. The organization saw a 22% rise in membership, reaching 6.2 million, with a target of 8 million by 2030. Leadership highlighted ongoing investments to support members during a cost-of-living crisis and a focus on long-term financial growth. The Co-op's credit rating was upgraded, emphasizing improved financial management and sustainability initiatives.
"These results show that our strategy on delivering for our member owners whilst also delivering long term financial and operational progress is working. I'm particularly delighted we have increased our active membership by 22%."
"Our solid business performance alongside the progress in key areas demonstrates our commitment to supporting our members, colleagues, and communities during challenging economic times."
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