Key facts
- Co-op reported an £80 million ($107 million) operating profit loss due to the Scattered Spider cyberattack.
- The cyberattack led to £20 million in recovery costs and £60 million in lost sales.
- Total revenue reduction from the attack was £206 million ($277 million).
- Co-op anticipates further losses of £20 million in the second half of 2025.
- The company is relying on its funeral arm to aid in its financial turnaround.
The Co-operative Group has reported a significant financial impact from the Scattered Spider cyberattack, with an £80 million ($107 million) hit to operating profit. The incident in April 2025 resulted in £20 million in recovery costs and £60 million in lost sales due to system outages, contributing to a total revenue reduction of £206 million ($277 million).
The company warned that the cyberattack's effects will continue to impact its performance, forecasting an additional £20 million in losses for the second half of 2025 as recovery and system resilience efforts continue. The Co-op, a large UK consumer-facing organization with over 2,300 food stores and other life and B2B services, experienced disruption to its logistics, supply chain, and customer support, though store operations remained largely unaffected. The group is looking to its funeral arm, which posted a strong revenue uplift, to help navigate the financial fallout.