PEILCC Annual Report 2025-2026

PRINCE EDWARD ISLAND LIQUOR CONTROL COMMISSION Statement of Changes in Equity March 31, 2026

2026

2025

$ - $ 23,540,576 23,540,576 (23,540,576)

$ - $ 21,359,517 21,359,517 (21,359,517)

Retained earnings - beginning of year Net income (Statement 5)

Annual income distribution to Province of Prince Edward Island

$

-

$

-

Retained earnings - end of year

PRINCE EDWARD ISLAND LIQUOR CONTROL COMMISSION Statement of Profit or Loss March 31, 2026

2026

2025

Revenues

Sales (Note 11)

$99,735,088

$ 97,809,496

Cost of sales (Note 6)

59,379,741

57,466,271

Gross margin

40,355,347

40,343,225

Expenses Amortization of property and equipment (Schedules 1 and 2) Amortization of right-of-use assets (Schedules 1 and 2) Credit and debit card charges Insurance and property taxes (Note 12) Interest on obligations under capital lease (Note 9) Operating leases

762,628 748,643 1,006,436 346,082 275,666 1,095,953 15,524,228 1,035,151 113,053 847,987 129,969 526,852

756,739 686,266 936,645 360,675 234,979 175,419

Other operating (Note 13) Repairs and maintenance Salaries and benefits (Notes 12, 14) Store and office Travel Utilities

497,979 1,100,123 13,372,285 1,131,659 127,791 883,109

Income from operations

22,412,648

20,263,669

17,942,699 3,416,818

20,079,556 3,461,020

Other revenues (Note 15)

Net income

$21,359,517

$ 23,540,576

PEILCC 2025-2026 Annual Report | 37