Sainsbury’s chief executive Simon Robert’s pay surged to more than £5m in the latest financial year, according to the retailer’s latest annual report.
Roberts took home £5.18m for the full year to March 1, 2025, up from his take home total of £4.81m in the previous financial year.
His pay included a £971,000 base salary, an annual bonus of £1.95m and a £2.17m bonus thanks to the grocery giant’s long-term incentive plan.
Both Roberts and Sainsbury’s chief financial officer Bláthnaid Bergin have also been awarded a 3% salary increase for the 2025/2026 financial year, taking Roberts’ base pay up to more than £1m and seeing Bergin’s rise from £670,000 to £696,280.
Bergin was paid a total of £2.27m last year, down slightly from £2.35m in the previous year, but she also received an annual bonus of £1.1m last year and £426,000 as a result of the long-term incentive plan.
The report added that for the year, benefits included a company car, private medical cover, group income protection insurance, life assurance and colleague discount.
This comes after Sainsbury’s reported its highest market share growth for more than a decade during the year alongside booming profits and sales.
Underlying profit before tax during the year was up 8.6% year on year and hit £761m, while underlying retail operating profit also rose 7.2% to £1.04bn.
Full-year sales excluding fuel were up 4.2% year on year to reach £26.6bn, while grocery sales also rose 4.5%.
No comments yet