29 slides from Cgi Inc. Class A's earnings presentation, Nov 5, 2025
Slide 1: Fourth Quarter Fiscal 2025
Fourth Quarter Fiscal 2025 Financial results and highlights For the three and twelve months ended September 30, 2025 and 2024 November 5, 2025
Slide 2: Forward-Looking Information and Statements
Forward-Looking Information and Statements Our presentations contain “forward-looking information” within the our services and to collect receivables, to disclose, manage and All amounts are in Canadian dollars unless otherwise indicated. meaning of Canadian securities laws and “forward-looking stat
Slide 3: François Boulanger and Steve Perron
François Boulanger Steve Perron President and Executive Vice-President and Chief Executive Officer Chief Financial Officer © 2025 CGI Inc. 3
Slide 4: Financial highlights: Q4 F2025
Financial highlights: Q4 F2025 Q4 F2025 vs. Q4 F2024 Revenue $4.01B 9.7% Constant currency revenue growth1 5.5% Earnings before income taxes $516M (12.9%) Earnings before income taxes margin2 12.9% (330 bps) Adjusted EBIT1 $667M 11.2% Adjusted EBIT margin1 16.6% 20 bps Net earnings $381M (12.5%) Net
Slide 5: CEO Remarks
CEO Remarks “In the fourth quarter, CGI delivered revenue growth, strong cash generation and double-digit EPS expansion led by our AI-embedded managed services, M&A and our share buyback program,” said François Boulanger, President and Chief Executive Officer. “Clients continued to rely on CGI as a
Slide 6: CGI's Talent Profile: 94,000 consultants and professionals
CGI’s Talent Profile: 94,000 consultants and professionals CGI’s balanced global delivery model 64% 13% of CGI consultants are 23% of CGI consultants are of CGI consultants are in in client proximity in nearshore or onshore Delivery CGI’s Global Delivery Centers (including India, Philippines and Mor
Slide 7: Revenue mix: Q4 F2025
Revenue mix: Q4 F2025 (% of revenue) Service type Client geography Vertical market H E G D F A A B E A C D B C B A. Managed IT and business A. U.S., 31% A. Government, 38% process services, 55% B. U.K., 15% B. Financial services, 22% C. France, 15% B. Business and strategic IT C. MRD, 21% consulting
Slide 8: Financial highlights: Q4 F2025
Financial highlights: Q4 F2025 (in millions of dollars and % of revenue) Earnings before income taxes and margin1 Net earnings and margin1 Diluted EPS $592 $1.91 -12.9% $436 -12.5% -9.9% $516 $381 $1.72 16.2% 12.9% 11.9% 9.5% Q4 F2024 Q4 F2025 Q4 F2024 Q4 F2025 Q4 F2024 Q4 F2025 Adjusted EBIT and ma
Slide 9: Other Financial Metrics
Other Financial Metrics Cash provided by operating activities 1 Capital structure ratios Q4 F2025 Return on Invested Capital2 $663M 13.6% 16.5% of revenue1 versus 16.0% in prior year period Prior year period $629M Last 12 months Net Debt to Capitalization2 $2.23B 25.1% 14.0% of revenue1 versus 16.2%
Slide 10: Book-to-bill ratio of 110.4% for the last twelve months
Book-to-bill ratio of 110.4% for the last twelve months Q4 F2025 bookings1 Q4 F2025 Book-to-bill ratio1 Last-12-months Book-to-bill ratio1 $4.8B 119.2% 110.4% Q4 F2025 Bookings by contract type Q4 F2025 Bookings by service type Business and strategic IT consulting and systems New business integratio
Slide 11: Segmented Results
Segmented Results Q4 F2025 Q4 F2024 Revenue Adjusted EBIT1 Revenue Adjusted EBIT1 In millions of CAD $ $ % $ $ % Western and Southern Europe 681.0 92.6 13.6% 620.8 65.1 10.5% U.S. Commercial and State Government 627.7 86.9 13.8% 578.3 93.1 16.1% U.S. Federal 548.1 88.8 16.2% 522.8 94.0 18.0% Canada
Slide 12: Financial highlights: F2025
Financial highlights: F2025 F2025 vs. F2024 Revenue $15.9B 8.4% Constant currency revenue growth1 4.6% Earnings before income taxes $2.24B (2.1%) Earnings before income taxes margin2 14.1% (150 bps) Adjusted EBIT1 $2.61B 8.1% Adjusted EBIT margin1 16.4% (10 bps) Net earnings $1.66B (2.0%) Net earnin
Slide 13: Segmented Results
Segmented Results F2025 F2024 Revenue Adjusted EBIT1 Revenue Adjusted EBIT1 In millions of CAD $ $ % $ $ % Western and Southern Europe 2,679.2 354.4 13.2% 2,600.2 334.2 12.9% U.S. Commercial and State Government 2,523.0 359.2 14.2% 2,327.3 337.3 14.5% U.S. Federal 2,247.9 332.0 14.8% 2,001.4 322.7 1
Slide 14: Quarterly Trends
Quarterly Trends © 2025 CGI Inc. 14
Slide 15: Revenue Trend (Quarterly)
Revenue Trend (Quarterly) Revenue of $4,014 million, year-over-year growth of 9.7% or 5.5%* on a constant currency basis In millions Revenue Growth Constant currency growth* 20.0% $4,000 15.0% $3,500 9.7% 10.0% $3,000 5.0% 5.5% $2,500 0.0% $2,000 -5.0% $1,500 -10.0% Q4 F2022 Q1 F2023 Q2 F2023 Q3 F20
Slide 16: Earnings Before Income Taxes and Margin Trend (Quarterly)
Earnings Before Income Taxes and Margin* Trend (Quarterly) Earnings before incomes taxes of $516 million; margin* of 12.9%, down 330 basis from Q4 F2024 In millions Earnings before income taxes Earnings before income taxes margin* $600 20.0% $550 $500 15.0% 12.9% $450 $400 10.0% $350 $300 5.0% Q4 F2
Slide 17: Adjusted EBIT and Margin Trend (Quarterly)
Adjusted EBIT* and Margin* Trend (Quarterly) Adjusted EBIT* of $667 million; margin* of 16.6%, up 20 basis from Q4 F2024 In millions Adjusted EBIT* Adjusted EBIT margin* $700 17.0% $650 16.6% $600 16.0% $550 $500 15.0% $450 $400 14.0% Q4 F2022 Q1 F2023 Q2 F2023 Q3 F2023 Q4 F2023 Q1 F2024 Q2 F2024 Q3
Slide 18: Net Earnings Margin and Diluted EPS Trend (Quarterly)
Net Earnings Margin* and Diluted EPS Trend (Quarterly) Net earnings of $381 million – diluted EPS of $1.72, down 9.9% from Q4 F2024 Diluted EPS Net earnings margin* $2.00 15.0% $1.90 12.5% $1.80 9.5% 10.0% $1.70 $1.60 7.5% $1.50 5.0% $1.40 2.5% $1.30 $1.20 0.0% Q4 F2022 Q1 F2023 Q2 F2023 Q3 F2023 Q4
Slide 19: Adjusted Net Earnings Margin and Adjusted Diluted EPS Trend (Quarterly)
Adjusted Net Earnings Margin* and Adjusted Diluted EPS* Trend (Quarterly) Adjusted net earnings* of $472 million – adjusted diluted EPS* of $2.13 up 10.9% from Q4 F2024 Adjusted Diluted EPS* Adjusted Net Earnings Margin* $2.20 13.0% $2.10 $2.00 11.8% 12.0% $1.90 $1.80 $1.70 11.0% $1.60 $1.50 10.0% $
Slide 20: Long-Term Debt and Lease Liabilities Trend (Quarterly)
Long-Term Debt and Lease Liabilities* Trend (Quarterly) Long-term debt and lease liabilities at $4.33 billion, up $1.02 billion from Q4 F2024 In millions Long-term debt and lease liabilities* $4,500 $4,000 $3,500 $3,000 $2,500 $2,000 Q4 F2022 Q1 F2023 Q2 F2023 Q3 F2023 Q4 F2023 Q1 F2024 Q2 F2024 Q3
Slide 21: Net Debt Trend (Quarterly)
Net Debt* Trend (Quarterly) Net debt* at $3.45 billion or 25.1% net debt to capitalization ratio*, up 890 basis points from Q4 F2024 In millions Net debt * Net debt to capitalization ratio* $4,000 35.0% $3,500 30.0% 25.1% $3,000 25.0% $2,500 20.0% $2,000 15.0% $1,500 10.0% $1,000 $500 5.0% $0 0.0% Q
Slide 22: Annual Trends
Annual Trends © 2025 CGI Inc. 22
Slide 23: Revenue Trend (Annual)
Revenue Trend (Annual) Revenue of $15.91 billion, year-over-year growth of 8.4% or 4.6%* on a constant currency basis In millions Revenue Growth Constant currency growth* $16,000 15.0% $15,000 $14,000 12.0% $13,000 8.4% 9.0% $12,000 6.0% $11,000 $10,000 4.6% 3.0% $9,000 0.0% $8,000 -3.0% $7,000 $6,0
Slide 24: Earnings Before Income Taxes and Margin Trend (Annual)
Earnings Before Income Taxes and Margin* Trend (Annual) Earnings before incomes taxes of $2.24 billion; margin* of 14.1%, down 150 basis from F2024 In millions Earnings before income taxes Margin 16.0% $2,500 15.6% 15.2% $2,000 14.8% 14.1% 14.4% $1,500 14.0% 13.6% $1,000 13.2% $500 12.8% 12.4% $0 12
Slide 25: Adjusted EBIT Trend (Annual)
Adjusted EBIT* Trend (Annual) Adjusted EBIT* of $2.61 billion; margin* of 16.4%, down 10 basis from F2024 In millions Adjusted EBIT* Adjusted EBIT margin * $3,000 17.0% 16.4% 16.5% $2,500 16.0% $2,000 15.5% $1,500 15.0% $1,000 14.5% $500 14.0% $0 13.5% F2018 F2019 F2020 F2021 F2022 F2023 F2024 F2025
Slide 26: Net Earnings Margin and Diluted EPS Trend (Annual)
Net Earnings Margin* and Diluted EPS* Trend (Annual) Net earnings of $1.66 billion – diluted EPS of $7.35, up 0.5% from F2024 Diluted EPS Net Earnings Margin * $8.00 12.0% $7.00 11.5% $6.00 11.0% 10.4% $5.00 10.5% $4.00 10.0% $3.00 9.5% $2.00 9.0% $1.00 8.5% $0.00 8.0% F2018 F2019 F2020 F2021 F2022
Slide 27: Adjusted Net Earnings Margin and Adjusted Diluted EPS Trend (Annual)
Adjusted Net Earnings Margin* and Adjusted Diluted EPS* Trend (Annual) Net earnings margin* of $1.87 billion – adjusted diluted EPS* of $8.30, up 8.9% from F2024 Adjusted Diluted EPS* Adjusted Net Earnings Margin* $9.00 12.5% $8.00 11.8% 12.0% $7.00 $6.00 11.5% $5.00 11.0% $4.00 $3.00 10.5% $2.00 10
Slide 28: Cash Provided by Operating Activities (Annual)
Cash Provided by Operating Activities (Annual) Cash from operations of $2.23 billion, representing 14.0%* of revenue In millions Cash Flow from Operations (CFO) CFO (% of revenue)* $2,500 18.0% 17.0% $2,000 16.0% $1,500 15.0% 14.0% 14.0% $1,000 13.0% $500 12.0% $0 11.0% F2018 F2019 F2020 F2021 F2022
Slide 29: Contact our investor relations team to continue the conversation
Contact our investor relations team to continue the conversation Kevin Linder Senior Vice-President, Investor Relations kevin.linder@cgi.com +1-905-973-8363 Christina Leclerc Director, Investor Relations christina.leclerc@cgi.com +1-514-978-5448 IR@cgi.com cgi.com For more information: cgi.com/inves