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Tharsus' revenues halve as Ocado contract ends
The Journal
|September 03, 2025
ROBOTICS firm Tharsus has seen revenues more than halve as its key contract with supermarket chain Ocado came to an end.
Accounts for the Blyth company have been posted for the year ending November 30, 2024, in which revenues fell from £50.9m a year earlier to £24.5m. That was the third consecutive year of falling revenues, which had topped £90m in 2021.
The company remained profitable, however, posting an operating profit of £267,193, though this was down on the £1.1m profit reported a year earlier.
In the accounts, the company highlights the impact of the end of its long-term relationship with Ocado and outlines plans to target sales in new sectors.
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