The Channel Islands Cooperative Society 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Members were reminded that, should they wish to do so, their dividend can be withdrawn at in-store member services desks, and to expect increased demand over the coming days.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:
- Jill Clark (Guernsey)
- Jennifer Bridge MBE (Jersey)
Each Director is voted for by the Membership and serves a three year term.
Chair of CI Coop, Jon Bond (pictured), 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.”
