Power Co. of Canada Q1 Earnings Call Highlights

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Sat, May 16, 2026 astatine 11:06 AM CDT 7 min read

Key Points

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Power Co. of Canada reported first-quarter adjusted nett net of CAD 905 million, up 15% twelvemonth implicit year, with EPS rising 17% to CAD 1.43. Management highlighted beardown show astatine Great-West Lifeco and IGM Financial arsenic the main drivers.
Net plus worth increased to CAD 84.54 per share, up 23% from a twelvemonth earlier, portion Power’s currency equilibrium roseate to CAD 2.1 billion. The institution returned CAD 650 cardinal to shareholders done buybacks and dividends during the quarter.
Operating momentum remained strong crossed cardinal businesses, including Great-West’s net growth, IGM’s stronger inflows and grounds AUM, and continued enlargement successful alternate platforms specified arsenic Sagard and Wealthsimple. Power besides noted that GBL is shifting further toward backstage assets and distant from nationalist holdings.

Power Co. of Canada (TSE:POW) reported higher first-quarter adjusted net and nett plus value, with absorption citing broad-based spot astatine Great-West Lifeco and IGM Financial, continued maturation successful backstage assets platforms and a larger currency equilibrium that is supporting stock repurchases.

On the company’s first-quarter 2026 net call, President and CEO R. Jeffrey Orr said helium was “very pleased” with the results and the momentum crossed Power’s businesses, noting supportive marketplace conditions contempt elevated planetary risks. “The banal marketplace levels proceed to rise. Interest rates person been supportive. Investors person made a batch of money,” Orr said, adding that concern conditions person remained favorable.

Adjusted net emergence 15%

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EVP and CFO Jake Lawrence said adjusted nett net were CAD 905 cardinal successful the quarter, up 15% from a twelvemonth earlier. Net net per stock were CAD 1.43, which Lawrence described arsenic the company’s second-highest quarterly EPS since its 2019 reorganization. EPS accrued 17% twelvemonth implicit year.

Lawrence said Power’s earnings-based businesses, Great-West Lifeco and IGM Financial, some delivered beardown results. Great-West’s publication to Power’s adjusted nett net roseate 21% from a twelvemonth earlier, supported by its eighth consecutive 4th of basal net supra CAD 1 cardinal and double-digit maturation crossed each segments. Great-West besides reported basal instrumentality connected equity supra 19%, reaching a medium-term nonsubjective for the archetypal time.

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IGM’s publication to Power’s adjusted net besides accrued 21% twelvemonth implicit year. Lawrence pointed to beardown nett flows astatine IG Wealth and Mackenzie Investments, grounds ending assets nether absorption and advisement that were up 14% twelvemonth implicit year, and a higher net publication from ChinaAMC. He besides said IGM reported its highest 4th ever for dividends and buybacks.

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