PR Newswire
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, 2025HIGHLIGHTS
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.
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