SASKATOON — At the end of fiscal year, Federated Co-operatives Limited achieved total sales of $11.7 billion and $462 million in net earnings, returning $261 million in patronage to local co-ops, according to reports from the recent annual meeting.
Over the past five years, FCL has given back nearly $1.6 billion to local Co-ops, resulting in consistent support of more than 650 communities across Western Canada.
On March 1, delegates representing more than 150 local Co-ops across Western Canada gathered at Federated Co-operatives Limited’s 97th AGM.
While addressing the delegation, CEO Heather Ryan commended the Co-operative Retailing System (CRS) for its resilience and commitment to its co-operatives values, during times of uncertainty in the world. Ryan further praised the CRS and how together, it remained steadfast in making a difference in the lives of members and the communities it proudly serves across Western Canada.
“2025 brought challenges and instability beyond our control. But I prefer to talk about what we’ve been able to accomplish and how at Co-op, we’re built for this — built by our members, to support our members, their families and the communities we call home,” said Heather Ryan, FCL CEO. “Despite the economic uncertainty, we stood together as Canadians, but more importantly, as a co-operative grounded in our values-based approach to business. With that, we are proud to return $261 million in patronage to local Co-ops and Co-op members across Western Canada.
The 97th Annual Meeting marked Paul Hames’ first year, as President/Chair of FCL’s Board of Directors. Together, the membership reviewed the 2025 financial results and discussed the current and future state of the CRS.
“In my first year as President/Board Chair, I’ve been honoured to witness first-hand the strength of FCL and the Co-operative Retailing System,” said Paul Hames, President/Board Chair of FCL. “Building off our core values and deep commitment to community, we must listen, learn and lead together, as the CRS continues to evolve. I’m optimistic about where we’re going —not because the path is easy, but because I believe in the people who are taking us there."
