NSLC reporting increase in sales, decrease in profits last year

The NSLC cannabis shop on Clyde Street in Halifax is pictured. (Source: Jesse Thomas/CTV News Atlantic)

NSLC released its year-end financial results on Tuesday, showing an increase in total sales for both beverage alcohol and cannabis compared to the previous year.

According to Tuesday’s report, sales for the NSLC from April 1, 2024 to March 31, 2025, were up a total 1.6 per cent to $888.3 million. Beverage alcohol sales made up most of that number, with a total of $761.1 million in sales – a one per cent increase – while cannabis saw a five per cent increase to $127.1 million.

Despite the increase in alcohol and cannabis sales, the NSLC’s final earnings dropped by 1.3 per cent from last year to $280.2 million.

Sales of Nova Scotian alcohol products also saw an increase of 5.4 per cent to around $99.5 million compared to last year. These products include:

- ready-to-drink products with a 9.6 per cent increase to $37.6 million

- craft beer with a 5.8 per cent increase to $32 million

- wine with a decrease of 0.5 per cent to $17 million

- spirits with a 1.3 per cent increase to $13 million

Nova Scotian cannabis sales also decreased around 8.5 per cent to $36.2 million, with Nova Scotian cannabis products accounting for 28.2 per cent of all cannabis sales at NSLC.

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