Onex Corp

Latest Results (19.11.2025):

Onex Corp reported its Q3 2025 financial results for the period ended September 30, 2025, showcasing ongoing progress across its business segments with a focus on private equity and credit strategies. The company recorded net earnings of $39 million for the quarter, with detailed segment contributions and strategic transactions driving growth in fee-generating capital and setting the stage for future profitability improvements.

Overall Financial Performance

For Q3 2025, Onex Corp reported net earnings of $39 million with diluted earnings per share at $0.57, compared to $127 million and $1.68 respectively in Q3 2024. The total segment net earnings reached $70 million, reflecting the combined performance of its Investing and Asset Management segments.

Segment Results

The Investing segment delivered net earnings of $50 million while the Asset Management segment generated $20 million in net earnings. This breakdown highlights how each business unit contributed to a total segment net earnings of $70 million for the quarter, with further details provided in the MD&A.

Strategic Transactions & Acquisitions

Q3 2025 saw significant strategic moves including the announced acquisition of a majority interest in Convex Group Limited, supported by AIG’s $2 billion allocation to Onex private equity and credit strategies over the next three years. Additional transactions involving OneDigital and WestJet further underscored Onex’s proactive portfolio management and realization activities.

Capital & Fee-Related Performance

Onex’ Credit team raised or extended approximately $10.7 billion in fee-generating assets, with run-rate fee-related earnings at about $50 million at quarter end. The firm’s fee-generating capital increased to around $42 billion, driven by strong performances in Private Equity and Credit, while investing capital per fully diluted share demonstrated robust returns.

Dividend & Future Outlook

The Board declared a Q4 dividend of C$0.10 per Subordinate Voting Share, and the management remains confident that strategic initiatives, including the integration of Convex and forthcoming acquisitions, will pave the way for enhanced value creation in the coming periods.