The Channel Islands Cooperative Society (CI Coop) has reported a return to profitability and announced a £2.8m million share of profits available for distribution to members, marking a significant turnaround following last year’s financial results.

At its Annual Members Meeting, held in Jersey on 20 May and Guernsey on 21 May, members voted in favour of the proposed 2% dividend on profits, reinforcing the Society’s commitment to rewarding loyalty while investing in its future.

The CI Coop reported a net profit of £0.8 million for the year ending January 2025, a reversal from the £1.8 million loss the previous year. Members heard that over 2,400 new members have joined the Society over the last year, and how ongoing investment in pricing, technology and community impact helped drive performance.

Mark Cox, CEO of CI Coop, said: “Our focus in 2024 was to return to surplus so we could continue delivering long-term value for our members and communities. This dividend vote is a clear sign that we’re back on the right track.

“With Member Pricing, we’re giving back at the checkout every day—but we’re going further. In 2025, we’ll be modernising our member rewards programme, launching new products including Coop Mobile, and deepening our impact in the communities we serve. This is about more than profit; it’s about purpose.”

Members were reminded that, should they wish to do so, their dividend can be withdrawn at in-store member services desks, and to expect increased demand over the coming days.

Alongside the approval of the dividend, director elections also took place in both islands. The Society welcomed new Directors to its Board:

Guernsey

·       Jill Clark

Jersey

·       Jennifer Bridge MBE

Each Director is voted for by the Membership and serves a three-year term

Chair of CI Coop, Jon Bond, said: "I am delighted that our members have shown their support to the Directors and re-elected Jill and Jennifer. Their expertise, energy and experience will continue to deliver value to our members, whilst providing continued stability to the board."

The Society also reaffirmed its commitment to the wider community, reporting that £328,000 had been donated to charitable causes and community groups, and £7.9 million spent with local suppliers during the year.

As the largest retail employer in the Channel Islands, the Society continues to demonstrate its cooperative values by balancing financial responsibility with social purpose.

ENDS

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Allan Watts - ORCHID
allan@weareorchid.com | 07797 734735

Notes to Editors:

CI Coop is a community-owned and focused retail cooperative serving the Channel Islands. With a long-standing commitment to sustainability, supporting local suppliers, and offering a wide range of quality products, Channel Islands Coop is dedicated to enhancing the lives of its customers and the communities it serves. With a proven track record of delivering for its members, profit is returned to members in respect to their purchases and all members have an equal vote on company policy at the AMM.