Košík online supermarket: 878 million CZK loss as Czech sales grow

The online supermarket Košík, owned by structures of Daniel Křetínský and Patrik Tkáč, has published its annual reports for the first time in several years. Turnover is growing, but so are losses: the net loss reached 878 million crowns. Company director Ivan Utěšil insists the trend is turning around.

The reports for fiscal 2024 and 2025 show net turnover growth of 25% and 16% respectively, to roughly 3.3 billion crowns. In the CzechCrunch Top 100 e-shops ranking, Košík is among the ten largest online retailers in Czechia. The report for the year ending in March 2026 is not yet available, but according to the company, the whole group’s revenue for that period came to 4.5 billion crowns excluding VAT.

“The business is still loss-making, but the figures have improved markedly. Last fiscal year, for the first time, we reached positive operating economics,” says Utěšil. According to him, the EBITDA loss shrank by roughly 200 million crowns over the year.

A bet on growth and expansion. The company’s priority now is growth combined with better financial results. Utěšil points to investment in regional infrastructure, preparation for entering new foreign markets and the use of AI for efficient growth. Besides Czechia, Košík operates in Slovakia, and it has wound down its operations in Bulgaria. Last year Utěšil already spoke of expansion into a new market that should be considerably larger than Czechia, but he did not give details.

Why the losses “don’t get in the way.” Utěšil took over Košík in the summer of 2022, arriving from companies within Daniel Křetínský’s empire. Křetínský, together with Patrik Tkáč, holds a controlling stake through EC Investments. Another co-owner is the German wholesaler Metro, which runs the Makro chain in Czechia; control there also belongs to Křetínský and Tkáč, who, among other things, also hold a minority stake in the logistics company Dode.

This link is strategically important for Košík: Makro is a major supplier of goods and in some regions delivers orders from its warehouses, while there are synergies with Dode in delivery. According to Seznam Zprávy, within the group the e-shop is meant to be “neutral”: after mutual settlements are taken into account, the result is close to zero. In other words, Košík’s losses are offset by the margin earned by affiliated companies. The company declined to say directly what level of loss this model is designed for.

The Makro reports give an indirect picture: in the fiscal year ending on 30 September 2025, Košík brought Makro revenue of 905 million crowns, compared with 674 million a year earlier.

How the competitors do. Reaching profit in online grocery delivery is hard for everyone. Competitor Rohlík achieved it at group level for the first time in its latest fiscal year, with revenue of 35 billion crowns, while the Billa chain lost hundreds of millions in an attempt to launch an online store and closed it in 2025.