Power Corp of Canada Q1 2026 Earnings Call: Complete Transcript

Power Corp of Canada (OTC:PWCDF) reported first-quarter fiscal results connected Wednesday. The transcript from the company's first-quarter net telephone has been provided below.

Benzinga APIs supply real-time entree to net telephone transcripts and fiscal data. Visit https://www.benzinga.com/apis/ to larn more.

Access the afloat telephone astatine https://www.gowebcasting.com/events/power-corporation/2026/05/13/earnings-call-first-quarter-2-26-results/play

Summary

Power Corporation of Canada reported beardown fiscal show successful Q1 2026, with adjusted nett net of $905 million, up 15% twelvemonth implicit year.

Great West Life contributed importantly to earnings, with a 21% year-over-year increase, supported by beardown currency travel and an ROE exceeding 19%.

Strategic initiatives see continued maturation and simplification strategies astatine GBL, enlargement successful backstage equity solutions astatine Cigard, and a absorption connected alternate concern platforms.

The company's nett plus worth per stock accrued to $84.54, with 23% year-over-year maturation successful NAV.

Power Corporation of Canada is prioritizing stock buybacks, with $650 cardinal returned to shareholders successful Q1 2026, and plans to proceed this strategy fixed its existent currency position.

Management expressed assurance successful aboriginal growth, supported by beardown marketplace conditions and strategical initiatives crossed its subsidiaries, contempt challenges successful the broader market.

Full Transcript

OPERATOR

Good greeting ladies and gentlemen and invited to Power Corporation of Canada archetypal 4th 2026 net league call. At this time, each lines are successful perceive lone mode. Following the presentation, we volition behaviour a question and reply session. Analysts who privation to articulation the question queue whitethorn property prima past 1 astatine immoderate constituent passim the call. If anyone has difficulties proceeding the conference, delight property prima past zero for relation assistance astatine immoderate time. I would similar to punctual everyone that this telephone is being recorded connected Wednesday, May 13, 2026, (Please close if the day is incorrect). I would present similar to crook the league implicit to Mr. Stephen Hung, caput of Investor Relations for Power Corporation. Please spell ahead, sir.

Stephen Hung (Head of Investor Relations)

Thank you, operator. Good greeting everyone and convey you for joining our archetypal 4th fiscal results call. Before we start, delight enactment that a... nexus to our unrecorded webcast and materials for this telephone person been posted to our [email protected] nether the shareholder reports tab. Please crook to descent 2. I'd similar to gully your attraction to the cautionary enactment regarding the usage of guardant looking statements which signifier portion of today's remarks. Please besides Refer to Slide 3 for a enactment connected the usage of non IFRS fiscal measures and clarifications connected adjusted nett plus worth to sermon our results today. Joining america are President and CEO Jeffrey Orr and our EVP and CFO Jake Lawrence. We volition statesman with opening remarks followed by Q and A and with that I'll crook the telephone implicit to Jeff.