Readers are referred to the sections Non-IFRS Financial Measures and Forward-Looking Statements later in this release. All figures are expressed in Canadian dollars unless otherwise noted.

MONTRÉAL, Aug. 7, 2025 /CNW/ - Power Corporation of Canada (Power Corporation or the Corporation) (TSX: POW; POW.PR.E) today reported earnings results for the three and six months ended June 30, 2025.

Power CorporationConsolidated results for the period ended June 30, 2025

HIGHLIGHTS

POWER CORPORATION 

Net earnings from continuing operations 1 for the second quarter of 2025 were $772 million or $1.20 per share 2, compared with $730 million or $1.12 per share in the second quarter of 2024. Adjusted net earnings from continuing operations 1 3 4 were $883 million or $1.38 per share, compared with $739 million or $1.14 per share in the second quarter of 2024.Adjusted net asset value per share 3 was $64.76 at June 30, 2025, compared with $60.44 at December 31, 2024. Book value per share 5 was $35.90 at June 30, 2025, compared with $35.56 at December 31, 2024.Power group's interest in Wealthsimple, held collectively with IGM Financial and Portage Ventures I, was valued at $2.7 billion, an increase of 21% in the second quarter 6, reflecting Wealthsimple's strong business performance and an increase in peer multiples. The Corporation's direct investment, valued at $997 million, was reflected in the second quarter adjusted net asset value.The Corporation purchased for cancellation 4.4 million subordinate voting shares for a total of $209 million at June 30, 2025.

MONTRÉAL, July 16, 2025 /CNW/ - Power Corporation of Canada (TSX: POW) (TSX: POW.PR.E) (Power Corporation) will release its second quarter 2025 financial results on Thursday, August 7, 2025, after market close.

R. Jeffrey Orr, President and Chief Executive Officer, and Jake Lawrence, Executive Vice-President and Chief Financial Officer, will host an earnings conference call on Friday, August 8, 2025 at 8:00 a.m. (Eastern Time). A question-and-answer period with analysts will follow the presentation. Shareholders, investors and other stakeholders are welcome to participate on a listen-only basis via telephone and live audio webcast.

MONTRÉAL, May 14, 2025 /CNW/ - In accordance with the Toronto Stock Exchange Company Manual, Power Corporation of Canada (TSX: POW) (TSX: POW.PR.E) is issuing this news release to disclose that the nominees listed in its Management Proxy Circular dated March 19, 2025 were elected as its Directors. The detailed results of the vote at its Annual Meeting of Shareholders held earlier today in Montréal, Quebec are set forth below.

On a vote by ballot, each of the following nominees proposed by management was elected as a Director:

Readers are referred to the sections Non-IFRS Financial Measures and Forward-Looking Statements later in this release. All figures are expressed in Canadian dollars unless otherwise noted.

MONTRÉAL, May 13, 2025 /CNW/ - Power Corporation of Canada (Power Corporation or the Corporation) (TSX: POW) (TSX: POW.PR.E) today reported earnings results for the three months ended March 31, 2025.

Power Corporation Consolidated results for the period ended March 31, 2025

HIGHLIGHTS

POWER CORPORATION

Net earnings from continuing operations 1 for the first quarter of 2025 were $689 million or $1.07 per share 2, compared with $758 million or $1.17 per share in the first quarter of 2024.Adjusted net earnings from continuing operations 1 3 4 were $787 million or $1.22 per share, compared with $710 million or $1.09 per share in the first quarter of 2024.Adjusted net asset value per share 3 was $68.99 at March 31, 2025, compared with $60.44 at December 31, 2024. Book value per share 5 was $36.10 at March 31, 2025, compared with $35.56 at December 31, 2024.The Corporation purchased for cancellation 3.0 million subordinate voting shares for a total of $135 million in the first quarter of 2025.

telMAX aims to be the most customer-centric and community-focused internet service provider in Canada.

TORONTO, MONTREAL and MIAMI, May 9, 2025 /PRNewswire/ - Power Sustainable Infrastructure Credit ("PSIC") recently closed on a CAD $110M senior secured financing for telMAX (the "Company"), a 100% fibre optic internet, phone and TV provider, based in Ontario, Canada. The credit facility will support the expansion of telMAX's multi-gigabit broadband network throughout the Greater Toronto Area ("GTA").

telMAX aims to be the most customer-centric and community-focused internet service provider in Canada.

TORONTO, MONTREAL and MIAMI, May 9, 2025 /CNW/ - Power Sustainable Infrastructure Credit ("PSIC") recently closed on a CAD $110M senior secured financing for telMAX (the "Company"), a 100% fibre optic internet, phone and TV provider, based in Ontario, Canada. The credit facility will support the expansion of telMAX's multi-gigabit broadband network throughout the Greater Toronto Area ("GTA").

MONTRÉAL, May 8, 2025 /CNW/ - Power Corporation of Canada's (TSX: POW) (TSX: POW.PR.E) (Power Corporation) Annual Meeting of Shareholders will be held on Wednesday, May 14, 2025 at 11 a.m. (Eastern Time), at the InterContinental Hotel, 360 St. Antoine Street West, Montréal, Quebec.

A brief photo session will precede the meeting. Please note that electronic equipment will only be allowed in the room during the photo session, and not during the actual meeting.

Webcast    

Management's presentations at the Annual Meeting of Shareholders will be webcast live at 11 a.m. (Eastern Time). In order to view the webcast, please register at:

MONTRÉAL, April 29, 2025 /CNW/ - Power Corporation of Canada (TSX: POW) (TSX: POW.PR.E) (Power Corporation) will release its first quarter 2025 financial results on Tuesday, May 13, 2025, after market close.

R. Jeffrey Orr, President and Chief Executive Officer, and Jake Lawrence, Executive Vice-President and Chief Financial Officer, will host an earnings conference call on Wednesday, May 14, 2025 at 8:00 a.m. (Eastern Time). A question-and-answer period with analysts will follow the presentation. Shareholders, investors and other stakeholders are welcome to participate on a listen-only basis via telephone and live audio webcast.

MONTRÉAL, March 21, 2025 /CNW/ - R. Jeffrey Orr, President and Chief Executive Officer of Power Corporation of Canada (TSX: POW) (TSX: POW.PR.E) (Power Corporation), will participate in a fireside chat at the National Bank Financial 23rd Annual Canadian Financial Services Conference on March 26, 2025 at 11:00 a.m. (Eastern Time).

The live webcast will be available and later archived in the Presentations & speeches section of Power Corporation's website at: www.powercorporation.com/en/investors/events-presentations/.

Readers are referred to the sections Non-IFRS Financial Measures and Forward-Looking Statements later in this release. All figures are expressed in Canadian dollars unless otherwise noted.

MONTRÉAL, March 19, 2025  /CNW/ - Power Corporation of Canada (Power Corporation or the Corporation) (TSX: POW) (TSX: POW.PR.E) today reported earnings results for the three and twelve months ended December 31, 2024.

Power CorporationConsolidated results for the period ended December 31, 2024

HIGHLIGHTS

POWER CORPORATION

MONTRÉAL, Feb. 26, 2025 /CNW/ - Power Corporation of Canada (TSX: POW) (TSX: POW.PR.E) (Power Corporation) will release its fourth quarter and year-end 2024 financial results on Wednesday, March 19, 2025, after markets close.

R. Jeffrey Orr, President and Chief Executive Officer, and Jake Lawrence, Executive Vice-President and Chief Financial Officer, will discuss the results in a conference call and live audio webcast on Thursday, March 20, 2025 at 8:30 a.m. (Eastern Time). A question-and-answer period with analysts will follow the presentation. Shareholders, investors and other stakeholders are welcome to participate on a listen-only basis.

CFOC aims to provide rural and remote communities with reliable and fast fiber optic internet

MIAMI, FLA, Jan. 14, 2025 /CNW/ - Power Sustainable Infrastructure Credit ("PSIC") recently closed on a CAD $85M financing for Canadian Fiber Optics Corporation ("CFOC"), a fiber optics company based in Calgary, to support the build-out of broadband internet in rural Western Canada.

CFOC designs, builds, and operates fiber optic networks to provide high speed internet services to residential, commercial and enterprise customers in rural or remote communities. Since 2017, CFOC has built 1,000km of fiber, passing 16k+ premises with over 4k subscribers as of December 31, 2024. CFOC's current ownership group includes funds managed by Tikehau Star Infra and the Bloomer Family Office.

CFOC aims to provide rural and remote communities with reliable and fast fiber optic internet

MIAMI, FLA, Jan. 14, 2025 /PRNewswire/ - Power Sustainable Infrastructure Credit ("PSIC") recently closed on a CAD $85M financing for Canadian Fiber Optics Corporation ("CFOC"), a fiber optics company based in Calgary, to support the build-out of broadband internet in rural Western Canada.

CFOC designs, builds, and operates fiber optic networks to provide high speed internet services to residential, commercial and enterprise customers in rural or remote communities. Since 2017, CFOC has built 1,000km of fiber, passing 16k+ premises with over 4k subscribers as of December 31, 2024. CFOC's current ownership group includes funds managed by Tikehau Star Infra and the Bloomer Family Office.

MONTRÉAL, Dec. 11, 2024 Power Sustainable is pleased to be celebrating a successful 2024 for its food private equity strategy, Power Sustainable Lios (PSL), including the final closing of its inaugural Fund, which invests in North American mid-market companies contributing to the sustainability transformation happening across the food value chain.

Highlights from 2024 include:

PSL's inaugural fund successfully closed in mid-2024 at $285 million with participation from leading pension funds, large corporations, family offices, and other strategic investorsPSL closed two additional investments in recent months and is now over 30% investedPSL leadership continues to see attractive opportunities across the North American food sector, highlighting the potential for superior returns alongside positive sustainability outcomes.

Readers are referred to the sections Non-IFRS Financial Measures and Forward-Looking Statements later in this release. All figures are expressed in Canadian dollars unless otherwise noted.

MONTRÉAL, Nov. 12, 2024 /CNW/ - Power Corporation of Canada (Power Corporation or the Corporation) (TSX: POW) (TSX: POW.PR.E) today reported earnings results for the three and nine months ended September 30, 2024.

Power CorporationConsolidated results for the period ended September 30, 2024

HIGHLIGHTS

POWER CORPORATION

MONTREAL, Nov. 7, 2024 /PRNewswire/ -- Power Sustainable, a leading sustainability-focused alternative asset manager, today announced the appointment of Delia Cristea as its new Chief Operating Officer (COO). Ms. Cristea is a Partner at Power Sustainable and has served as General Counsel since its founding in 2020.

"Delia has been a driving force behind this firm's growth since day one," said Bruce Heyman, CEO of Power Sustainable. "Her unerring sense of operational priorities, knack for culture-building, and strong business acumen were immediately obvious to me when I joined Power Sustainable as Senior Advisor in 2022. Today, I'm thrilled to welcome her into this new role."

MONTREAL, Nov. 7, 2024 /CNW/ -- Power Sustainable, a leading sustainability-focused alternative asset manager, today announced the appointment of Delia Cristea as its new Chief Operating Officer (COO). Ms. Cristea is a Partner at Power Sustainable and has served as General Counsel since its founding in 2020.

"Delia has been a driving force behind this firm's growth since day one," said Bruce Heyman, CEO of Power Sustainable. "Her unerring sense of operational priorities, knack for culture-building, and strong business acumen were immediately obvious to me when I joined Power Sustainable as Senior Advisor in 2022. Today, I'm thrilled to welcome her into this new role."

MONTRÉAL, Oct. 22, 2024 /CNW/ - Power Corporation of Canada (TSX: POW) (TSX: POW.PR.E) (Power Corporation) will release its third quarter 2024 financial results on Tuesday, November 12, 2024, after markets close.

R. Jeffrey Orr, President and Chief Executive Officer, and Jake Lawrence, Executive Vice-President and Chief Financial Officer, will discuss the results in a conference call and live audio webcast on Wednesday, November 13, 2024 at 8:30 a.m. (Eastern Time). A question-and-answer period with analysts will follow the presentation. Shareholders, investors and other stakeholders are welcome to participate on a listen-only basis.

Mr. Heyman brings tremendous experience, with over three decades in wealth and asset management as a former partner at Goldman Sachs, and as former U.S. Ambassador to Canada.

Olivier Desmarais, who started Power Sustainable in 2019, will remain Chairman of the Board.

MONTREAL, Oct. 2, 2024 /PRNewswire/ -- Power Sustainable, a leading sustainability-focused alternative asset manager, today announced the appointment of Bruce Heyman, former Goldman Sachs partner and U.S. Ambassador to Canada, as its new Chief Executive Officer. Mr. Heyman is joining Olivier Desmarais and his team, in order to accelerate growth, particularly in the U.S. market, and to further establish Power Sustainable as a global leader in sustainable investments. Mr. Desmarais will remain Chairman of the Board.

Mr. Heyman brings tremendous experience, with over three decades in wealth and asset management as a former partner at Goldman Sachs, and as former U.S. Ambassador to Canada.

Olivier Desmarais, who started Power Sustainable in 2019, will remain Chairman of the Board.

MONTREAL, Oct. 2, 2024 /CNW/ -- Power Sustainable, a leading sustainability-focused alternative asset manager, today announced the appointment of Bruce Heyman, former Goldman Sachs partner and U.S. Ambassador to Canada, as its new Chief Executive Officer. Mr. Heyman is joining Olivier Desmarais and his team, in order to accelerate growth, particularly in the U.S. market, and to further establish Power Sustainable as a global leader in sustainable investments. Mr. Desmarais will remain Chairman of the Board.