86th Annual General Meeting and Special Meeting: Agropur is Well Positioned to Face Future Challenges

Drummondville, February 12, 2025 – At its 86th Annual General Meeting and Special Meeting held today, Agropur discussed the results of its latest financial year, highlighting the progress made in 2024. 

“We are proud to have once again improved our profitability, which will allow the Cooperative to reinvest in our manufacturing facilities, in our employees, and ultimately, to create long-term value for our members. These good results also allowed us to declare $60 million in rebates to our dairy farmer members. It is clear that Agropur is well positioned to continue its key role in feeding our communities by being a player in the sustainable processing of dairy products,” said Mr. Roger Massicotte, President of Agropur. 

The Cooperative achieved revenues of $8.8 billion for the year 2024, representing a growth of 6.8% compared to 2023. Earnings before interest, taxes, depreciation, and amortization (EBITDA) continued to progress, reaching $609.6 million, an increase of 11.7% compared to the previous year. 

Looking to the Future 

“The Cooperative is well positioned to maintain its competitiveness in an uncertain economic context. We are seeing an increase in sales of consumer milk in Canada and cheese sales in the United States. By achieving efficiency gains in our operations, we are better equipped to reinvest in the Cooperative and better prepared to face the challenges ahead,” added Émile Cordeau, CEO. 

About Agropur 

Agropur is the largest dairy cooperative in Canada and one of the leading suppliers of dairy products in the retail, food service, and industrial sectors in North America. Founded in 1938, the Cooperative is a source of pride for its nearly 2,700 members based in Quebec, Ontario, and the Atlantic provinces, and its 7,000 employees. Operating 29 plants in Canada and the United States, Agropur generated revenues of $8.8 billion CAD in 2024 and processed more than 6.8 billion liters of milk. The Cooperative’s members and employees work every day to achieve a shared vision, “Better Dairy. Better World.”, aimed at developing their communities economically and socially while respecting the environment and animal welfare. 

For more information: agropur.com/en 

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Source: 
Agropur 

Information and interview requests:  
Guillaume Bérubé  
Director, Public Relations and Strategic Communications  
Agropur  
(438) 506-5948 | [email protected]