ESTEVAN — It was another busy year for the 蘑菇视频短视频ern Plains Co-op, according to information released at their annual general meeting on May 26 at the Estevan Days Inn.
In his report to those in attendance, board president Scott Kienlen reported sales were $105,965,226, down $2.9 million from the previous year. The fuel loyalty program and patronage allocation from Federated Co-operatives Limited was $3,543,234, which dropped $1.35 million, but net savings were $2,297,112. The co-op paid $1,482,498 back to its members for 2024.
Equity allocations for members will be three per cent on dyed diesel fuel, oil, and groceries and spirits, 2.25 per cent on petroleum, two per cent on general merchandise, and 0.5 per cent on agro equipment, fertilizer, chemical and feed.
"Since the incorporation of 蘑菇视频短视频ern Plains Co-operative 78 years ago, sales are just shy of $2 billion, with nearly $31 million in repayments made to members; that is pretty impressive," said Kienlen.
He noted the sales reduction could be attributed to the decrease in the price of fuel, as well as a cyber-attack in June and July that affected various systems, especially cardlocks, which were down for over a week. Food and convenience store sales dipped slightly, while agro sales continued to grow, he said.
"That being said, our financial position remains strong. We continue to look for diversification opportunities to grow our business," he said.
Audited financial statements for the fiscal year ended Jan. 31, 2025, show the co-op had a cost of goods sold of $91,421,012, and the gross margin was $14,544,314. Operating and administration costs were $15,856,935, while interest generated $242,632, leaving the expenses listed at $15,614,303 and a loss of operations of $1,069,989. The FCL loyalty program was $1,621,053, and patronage refunds were $1,922,181. Savings after $176,133 paid for income taxes were $2,297,112.
The co-op currently employs 228 people, which is an increase from the previous year.
Among the highlights was the opening of the new Carlyle food store in November.
"The community support has exceeded our expectations, welcoming the fully modern store, which offers additional inventory and an increase in product offerings. This project was just over budget and was a $10.9 million investment," Kienlen said.
The administration office has also been relocated to Kensington Avenue in Estevan.
The co-op has contributed $169,013 back to local communities, which general manager Brian Enns said reflects its ongoing commitment to supporting local initiatives through various donations and sponsorships, fundraisers and community projects.
More than $115,000 was invested in member engagement, helping approximately 130 organizations through sponsorship, donations or teaming up with them in fundraising. Communities throughout the southeast benefitted.
"These efforts are made possible by the continued support of our members, customers and staff," said board member Connie Hagel, who is part of the member engagement committee.
Three directors were elected to another three-year term: Hagel, James Lainton and Rhonda Huish. Also, Erin Wilson of Estevan was elected to a three-year term on the board.
The co-op has operations in Estevan, Carlyle, Oxbow, Alameda and Gainsborough.
