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The North West Company (NWC) investor relations material
The North West Company AGM 2026 summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Opening remarks and agenda
Meeting opened virtually, enabling equal participation and voting for all shareholders regardless of location.
Acknowledgement of Indigenous lands and commitment to reconciliation highlighted.
Agenda included financial statement presentation, director elections, auditor appointment, plan amendment, executive compensation, and Q&A.
Financial performance review
Sales increased 0.8% to CAD 2.6 billion; net earnings rose 1.9% to CAD 146 million for 2025.
EBITDA reached CAD 333 million, with earnings from operations at CAD 212 million.
Capital investments totaled CAD 138 million; dividends paid increased to CAD 77 million.
Q1 international operations saw a 4.3% same-store sales gain, offsetting a store closure in Guam.
Canadian Q1 same-store sales declined 0.9% due to reduced government support, but EBIT rose 7.5%.
Board and executive committee updates
Two new directors appointed: Gregg Saretsky (aviation executive) in August 2025 and Paul Soubry (transportation executive) in April 2026.
Board composition and committee chairs introduced; all directors recommended for re-election.
- Net earnings up 5.4% year-over-year, with international growth and asset sale offsetting Canadian headwinds.NWC
Q1 202710 Jun 2026 - Q4 net earnings fell 7.7% as Canadian headwinds offset international gains and annual growth.NWC
Q4 20268 Apr 2026 - Sales and earnings rose as new strategic and ESG initiatives advanced, with all motions approved.NWC
AGM 20244 Mar 2026 - Q1 2025 sales and earnings rose, with new directors elected and strategic growth plans advanced.NWC
AGM 20254 Mar 2026 - Net earnings rose 22.3% on 4% sales growth, improved margins, and a $0.39 dividend declared.NWC
Q1 20254 Mar 2026 - Sales and adjusted earnings rose, dividend increased, but net earnings dipped on higher taxes.NWC
Q2 20254 Mar 2026 - Net earnings fell 4.3% as higher costs and new tax rules offset sales growth.NWC
Q3 202511 Jan 2026 - Q4 net earnings rose 18.9% on strong sales and margin gains, with dividend up to $0.40.NWC
Q4 202523 Dec 2025 - Earnings up 12.9% to $41.1M on margin gains, cost controls, and a $0.41 dividend declared.NWC
Q3 202611 Dec 2025
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