Strong trading at Scotmid delivers extra boost for profits
SCOTTISH retail chain Scotmid Co-op has reported a strong trading performance for its half-year results, representing an improved year-on-year performance.
Covering the 26 weeks to 1 August, Scotmid has reported a turnover of £209million, with trading profits of £1.2million representing a rise of £1.1million following significant disruption for the chain last year caused by the 2025 Co-op cyber attack.
Karen Scott, chief executive at Scotmid Co-op, said: “The first half of 2026 has delivered an improved underlying performance, 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.”
Following the cyber attack, Scotmid focused on recovery and worked to rebuild customer confidence to help drive footfall and increased transactions, which helped to lead to this performance.
The Society also reported that profit before tax improved by £2million, with net assets remaining strong at £128.3million, representing an increase of £2.9million year-on-year. Net debt for the firm also reduced during the period, reflecting the chain’s ongoing financial discipline and resilience during difficult trading periods.
Scotmid also wasn’t shy from investing into its estate across 2026 including the opening of Scotmid’s first new-format store in Uddingston, bringing an expanded food-to-go proposition to the area, as well as its impressive Scotmid Burghead store which transformed a former church into a massive store.
Community activity also kept Scotmid busy throughout the year, with over £260,000 invested in communities and good causes, including its ongoing support for the Healthy Living Programme.
And most recently, the Society reported it had amassed a whopping £474,474 for Alzheimer Scotland through a range of fundraising activities across its stores, colleagues and through Pennies micro-donations.
Scott said: “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.
“As a co-operative Society, commercial performance and social purpose go hand in hand. The support delivered through our Member Choice Awards, charity partnership and community programmes demonstrates the practical difference that co-operation can make. I would like to thank our colleagues, members and customers for their continued commitment and support.”
