22 slides from Cgi Inc. Class A's earnings presentation, Jan 28, 2026
Slide 1: First Quarter Fiscal 2026 Financial results and highlights
First Quarter Fiscal 2026 Financial results and highlights For the three months ended December 31, 2025 and 2024 January 28, 2026 © 2026 CGI Inc. 1
Slide 2: Forward-Looking Information and Statements
Forward-Looking Information and Statements Our presentations contain “forward-looking information” within the meaning of to declare and pay dividends, interest rate fluctuations and changes in Non-GAAP and Other Key Performance Measures Definitions Canadian securities laws and “forward-looking state
Slide 3: Building what's next
Building what’s next For 50 years, we’ve combined human ingenuity with the power of technology to help our clients achieve meaningful outcomes. To all those with whom we’ve had the privilege of collaborating: thank you. The role of technology in shaping a better world has never been more powerful—or
Slide 4: François Boulanger and Steve Perron
François Boulanger Steve Perron President and Executive Vice-President and Chief Executive Officer Chief Financial Officer © 2026 CGI Inc. 4
Slide 5: Financial highlights: Q1 F2026
Financial highlights: Q1 F2026 Q1 F2026 vs. Q1 F2025 Revenue $4.08B 7.7% Constant currency revenue growth* 3.4% Earnings before income taxes $600M 1.4% Earnings before income taxes margin* 14.7% (90 bps) Adjusted EBIT* $655M 7.1% Adjusted EBIT margin* 16.1% (10 bps) Net earnings $442M 0.8% Net earni
Slide 6: CEO Remarks
CEO Remarks “As CGI begins its 50th year in business in 2026, our first quarter results continued to reflect the strength of our business model, client relationships, expertise and operational discipline,” said François Boulanger, President and Chief Executive Officer. “CGI’s performance in the firs
Slide 7: CGI's Talent Profile: 94,000 consultants and professionals
CGI’s Talent Profile: 94,000 consultants and professionals CGI’s balanced global delivery model 63% of CGI consultants are 13% 24% of CGI consultants are in of CGI consultants are in in client proximity nearshore or onshore CGI’s Global Delivery Centers Delivery Centers (including India, Philippines
Slide 8: Revenue mix: Q1 F2026
Revenue mix: Q1 F2026 (% of revenue) Service type Client geography Vertical market H E G A D F A B E A C D B C B A. Managed IT and business A. U.S., 29% A. Government, 37% process services, 54% B. France, 16% B. MRD, 22% C. U.K., 14% B. Business and strategic IT C. Financial services, 22% consulting
Slide 9: Financial highlights: Q1 F2026
Financial highlights: Q1 F2026 (in millions of dollars and % of revenue) Earnings before income taxes and margin* Net earnings and margin* Diluted EPS $2.03 $592 +1.4% $600 $439 +0.8% $442 +5.7% $1.92 15.6% 14.7% 11.6% 10.8% Q1 F2025 Q1 F2026 Q1 F2025 Q1 F2026 Q1 F2025 Q1 F2026 Adjusted EBIT and mar
Slide 10: Other Financial Metrics
Other Financial Metrics Cash provided by operating activities * Capital structure ratios Q1 F2026 Return on Invested Capital* $872M 13.3% 21.4% of revenue* versus 16.2% in prior year period Prior year period $646M Last 12 months Net Debt to Capitalization* $2.46B 25.7% 15.2% of revenue* versus 13.7%
Slide 11: Book-to-bill ratio of 110.4% for the last twelve months
Book-to-bill ratio of 110.4% for the last twelve months Q1 F2026 bookings9 Q1 F2026 Book-to-bill ratio* Last-12-months Book-to-bill ratio* $4.5B 109.5% 110.4% Q1 F2026 Bookings by contract type Q1 F2026 Bookings by service type Business and strategic IT consulting and systems New business integratio
Slide 12: Segmented Results
Segmented Results Q1 F2026 Q1 F2025 Revenue Adjusted EBIT* Revenue Adjusted EBIT* In millions of CAD $ $ % $ $ % Western and Southern Europe 763.9 107.9 14.1% 645.2 83.0 12.9% U.S. Commercial and State Government 605.9 81.3 13.4% 578.2 78.0 13.5% U.K. and Australia 551.2 88.0 16.0% 406.2 67.0 16.5%
Slide 13: Quarterly Trends
Quarterly Trends © 2026 CGI Inc. 13
Slide 14: Revenue Trend (Quarterly)
Revenue Trend (Quarterly) Revenue of $4,078 million, year-over-year growth of 7.7% or 3.4%* on a constant currency basis In millions Revenue Growth Constant currency growth* 20.0% $4,000 15.0% $3,500 7.7% 10.0% $3,000 5.0% $2,500 3.4% 0.0% $2,000 -5.0% $1,500 -10.0% Q1 F2023 Q2 F2023 Q3 F2023 Q4 F20
Slide 15: Earnings Before Income Taxes and Margin Trend (Quarterly)
Earnings Before Income Taxes and Margin* Trend (Quarterly) Earnings before incomes taxes of $600 million; margin* of 14.7%, down 90 basis points from Q1 F2025 In millions Earnings before income taxes Earnings before income taxes margin* $700 20.0% $650 14.7% $600 15.0% $550 $500 10.0% $450 $400 5.0%
Slide 16: Adjusted EBIT and Margin Trend (Quarterly)
Adjusted EBIT* and Margin* Trend (Quarterly) Adjusted EBIT* of $655 million; margin* of 16.1%, down 10 basis points from Q1 F2025 In millions Adjusted EBIT* Adjusted EBIT margin* $700 17.0% $650 $600 16.1% $550 16.0% $500 $450 $400 15.0% Q1 F2023 Q2 F2023 Q3 F2023 Q4 F2023 Q1 F2024 Q2 F2024 Q3 F2024
Slide 17: Net Earnings Margin and Diluted EPS Trend (Quarterly)
Net Earnings Margin* and Diluted EPS Trend (Quarterly) Net earnings of $442 million – diluted EPS of $2.03, up 5.7% from Q1 F2025 Diluted EPS Net earnings margin* $2.40 15.0% $2.30 12.5% $2.20 10.8% $2.10 10.0% $2.00 $1.90 7.5% $1.80 5.0% $1.70 $1.60 2.5% $1.50 $1.40 0.0% Q1 F2023 Q2 F2023 Q3 F2023
Slide 18: Adjusted Net Earnings Margin and Adjusted Diluted EPS Trend
Adjusted Net Earnings Margin* and Adjusted Diluted EPS* Trend (Quarterly) Adjusted net earnings* of $461 million – adjusted diluted EPS* of $2.12 up 7.6% from Q1 F2025 Adjusted Diluted EPS* Adjusted Net Earnings Margin* $2.20 13.0% $2.10 $2.00 $1.90 12.0% $1.80 $1.70 11.3% $1.60 11.0% $1.50 $1.40 $1
Slide 19: Long-Term Debt and Lease Liabilities Trend (Quarterly)
Long-Term Debt and Lease Liabilities* Trend (Quarterly) Long-term debt and lease liabilities* at $4.29 billion, up $0.89 billion from Q1 F2025 In millions Long-term debt and lease liabilities* $4,500 $4,000 $3,500 $3,000 $2,500 $2,000 Q1 F2023 Q2 F2023 Q3 F2023 Q4 F2023 Q1 F2024 Q2 F2024 Q3 F2024 Q4
Slide 20: Net Debt Trend (Quarterly)
Net Debt* Trend (Quarterly) Net debt* at $3.45 billion or 25.7% net debt to capitalization ratio* In millions Net debt * Net debt to capitalization ratio* $4,000 35.0% $3,500 30.0% 25.7% $3,000 25.0% $2,500 20.0% $2,000 15.0% $1,500 10.0% $1,000 $500 5.0% $0 0.0% Q1 F2023 Q2 F2023 Q3 F2023 Q4 F2023
Slide 21: Contact our investor relations team to continue the conversation
Contact our investor relations team to continue the conversation Kevin Linder Christina Leclerc Senior Vice-President, Investor Relations Director, Investor Relations kevin.linder@cgi.com christina.leclerc@cgi.com +1-905-973-8363 +1-514-978-5448 IR@cgi.com For more information: cgi.com/investors © 2
Slide 22: Insights you can act on
Insights you can act on Founded in 1976, CGI is among the largest IT and business consulting services firms in the world. We are insights-driven and outcomes-focused to help accelerate returns on your investments. Across hundreds of locations worldwide, we provide comprehensive, scalable and sustain