Ocado aims to generate cash in its next financial year after a 77% rise in first-half earnings, driven by its joint venture with Marks & Spencer and robotic warehouse technology sales. The company plans to be cash-flow positive by 2025/26, with lower costs and increased revenue. Shares rose 13% despite market concerns over site openings and technology deals.

Key partner Kroger has slowed warehouse roll-outs, while new deals with Bon Preu and upcoming CFCs could offset this. CEO Tim Steiner expects new grocery clients later this year as exclusivity terms end. Analysts caution potential strain on long-term relationships. Ocado reported adjusted EBITDA of 91.8 million pounds and swung to a profit of 611.8 million pounds in the first half.

Overall, Ocado remains optimistic about its full-year outlook, with revenue up 13.2% to 674 million pounds. The group’s strategy to increase cash flow and expand partnerships seems to be on track, despite some market uncertainties.($1 = 0.7468 pounds)

Read more at Yahoo Finance: Britain’s Ocado says priority is to turn cash flow positive in 2025/26