Scotmid recovers to £1.2m trading profit
Scotland’s largest independent co-operative Scotmid has recovered from supply chain disruption caused by the 2025 cyber attack on the Co-op Group, to reach a £209m turnover for the first half of the year.
In its latest results for the 26 weeks ending 01 August, Scotmid reported a trading profit of £1.2m. Like-for-like profit before tax rose to £2m, from a loss of £1.8m in the comparative period to £0.2m.
Net assets rose £2.9m year on year to £128.3m, while net debt reduced during the period. The society credited the results to “continued financial discipline and the resilience provided by Scotmid’s balance sheet and diversified business model”.
Additionally, it stressed it had focused on recovery and rebuilding customer confidence to drive footfall and transactions, contributing to the improved year-on-year performance, adding: “The strength and determination of Scotmid teams during this time was cited as having played a valuable role in achieving these results, which also enabled charity and community give-back to continue.”
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“The first half of 2026 has delivered an improved underlying performance,” said CEO Karen Scott. She added that it was “supported by a more stable supply environment and the hard work of colleagues across the society.
“Customers are still managing real pressures on household budgets, so our focus remains firmly on value, convenience and serving our local communities well. Whilst we expect the second half to be challenging, our teams will continue to work hard to deliver value to our customers and members in a difficult retail environment.
“We have maintained financial discipline while continuing to invest in the areas that matter for the future: our stores, customer proposition, colleagues, technology, cyber resilience and sustainability. The strength of our balance sheet and the diversity of our businesses give us the flexibility to take a long-term view.”
The report highlights “tactical investment” in the co-op’s store estate, including the first new-format store in Uddingston, with a refreshed and expanded food-to-go range.




