Olymel parent company sees increased earnings in 2025

Meat processor Olymel recorded sales of nearly $4.9 billion in 2025 helped by strong pork and chicken markets, said parent company Sollio Cooperative Group in a news release.

Sollio Cooperative Group held its annual general meeting on Feb. 26.

The group saw consolidated sales of $8.4 billion and $562.3 million in adjusted earnings before interest, taxes, depreciation and amortization. Earnings before patronage refunds and income taxes were $211.9 million for the fiscal year compared to $129.5 million in 2024.

Sollio pledged to return $75 million to members of its co-operative network in dividends and share redemptions. This compares to $25 million in 2024, which was the first year it paid patronage refunds since 2020.

Sollio Agriculture saw sales of $2.56 billion. It attributed strong results to performance in its crop production and livestock production sectors.

Sollio Retail (BMR) saw sales of $968.2 million with a better-than-average financial performance attributed to “strict management,” the news release said.

The co-operative has bounced back in the last few years after booking deep losses in 2022 which occurred largely in its Olymel food division. It attributed its losses that year to lack of labour and high grain, transportation and labour costs. In 2023, Olymel dialed back pork production in Alberta and Saskatchewan and closed processing plants in Quebec and Ontario.