Power Corp Q2 FY26 net earnings fall to C$690 million; adjusted net earnings rise to C$974 million

Reuters2026/07/30 21:25

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Power Corporation of Canada posted IFRS net earnings attributable to participating shareholders of CAD 690 million, down 10.6% year over year, while adjusted net earnings rose 10.3% to CAD 974 million.
IFRS net earnings per share fell 8.3% to CAD 1.10; adjusted net earnings per share climbed 12.3% to CAD 1.55.
Adjusted net earnings contributions rose at Great-West Lifeco to CAD 871 million and at IGM Financial to CAD 211 million; GBL swung to a CAD 5 million loss.
Great-West repurchased 13,400,000 shares under its NCIB in the first half at an average CAD 69.06; it later moved to double the buyback limit to 40,000,000 shares.
Empower agreed to buy Milliman’s retirement plan and benefits administration business for about USD 340 million, adding about 1,500,000 participants and USD 130 billion in client assets.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. PCC - Power Corporation of Canada published the original content used to generate this news brief on July 30, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Power Corp Q2 FY26 net earnings fall to C$690 million; adjusted net earnings rise to C$974 million

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