IGM Financial Inc

Latest Results (12.05.2026):

IGM Financial Inc. reported strong fourth quarter 2025 results with record adjusted net earnings of $301.4 million (up 20.6% year-over-year) and adjusted EPS of $1.27. Reported net earnings for Q4 2025 were $322.4 million (up 26.6% YoY) or $1.36 per share. For the full year 2025, IGM delivered all‑time high adjusted net earnings of $1,093.1 million ($4.61 per share) and reported net earnings of $1,101.0 million ($4.64 per share).

Quarterly earnings

Q4 2025 adjusted net earnings: $301.4M (+20.6% YoY); adjusted EPS $1.27 vs $1.05 in Q4 2024. Reported Q4 net earnings: $322.4M (+26.6% YoY); reported EPS $1.36 vs $1.07 in Q4 2024.

Full‑year performance

FY2025 adjusted net earnings reached a record $1,093.1M ($4.61/share) and reported net earnings were $1,101.0M ($4.64/share), both up substantially versus 2024.

Assets under management and advisement

Consolidated AUM&A at Dec 31, 2025 were $310.1B, up 14.7% YoY and up 2.5% vs prior quarter. Including strategic investments, AUM&A totaled $566.2B.

Flows and liquidity

Q4 2025 net inflows were $2.2B (vs $244M in Q4 2024). The company reports $1 billion of unallocated capital and low debt levels per management commentary.

Strategic investments and transactions

IGM received $394.2M in proceeds in Q4 2025 related primarily to a return of capital and partial equity sale of its Rockefeller investment; IGM’s Rockefeller stake reduced to 17.2% with an indicative value of $1.16B. Wealthsimple fair value was $2.3B at Dec 31, 2025 (after a $100M investment in the quarter).

Dividend and capital return

The Board approved a 10% increase in the quarterly dividend from $0.5625 to $0.62 per share, payable Apr 30, 2026 to shareholders of record Mar 31, 2026.

Wealth Management segment

Segment adjusted net earnings in Q4 2025 were $177.7M (+33.7% YoY), representing 59.0% of IGM’s adjusted net earnings. IG Wealth Management AUA hit a record $158.9B; quarter net client inflows were $694M and gross client inflows were a record $4.8B.

Asset Management segment

Segment adjusted net earnings in Q4 2025 were $88.6M (+1.3% YoY), representing 29.4% of adjusted net earnings. Mackenzie Investments reached record AUM of $244.0B; total net sales in the quarter were $1.5B and ETF AUM was $24.1B.

Corporate and other

IGM’s proportionate share of Great‑West Lifeco’s Q4 earnings was $26.0M. Management highlighted a strong strategic position and focus on returning capital to shareholders going into 2026.