Power Corporation Reports Second Quarter 2026 Financial Results

About this update from Power Corporation Of Canada

MONTRÉAL, July 30, 2026 /CNW/ -- Power Corporation of Canada (Power Corporation or the Corporation) (TSX: POW) (TSX: POW.PR.E) today reported earnings results for the three and six months ended June 30, 2026. Power Corporation Consolidated results for the period ended June 30, 2026 HIGHLIGHTS POWER CORPORATION GREAT-WEST LIFECO INC.  (GREAT WEST) IGM FINANCIAL INC. (IGM) HIGHLIGHTS (CONTINUED) GROUPE BRUXELLES LAMBERT  (GBL) SAGARD HOLDINGS INC. (SAGARD) WEALTHSIMPLE FINANCIAL CORPORATION (WEALTHSIMPLE) Second Quarter Net earnings attributable to participating shareholders were $690 million or $1.10 per share, compared with $772 million or $1.20 per share in 2025. Adjusted net earnings attributable to participating shareholders [1] were $974 million or $1.55 per share, compared with $883 million or $1.38 per share in 2025. Adjustments in the second quarter of 2026, excluded from adjusted net earnings, were a net negative impact to earnings of $284 million or $0.45 per share, mainly comprised of the Corporation's share of Adjustments of: In the second quarter of 2025, Adjustments were a net negative impact to earnings of $111 million or $0.18 per share, mainly related to the Corporation's share of Adjustments of Great West, partially offset by the Corporation's share of Adjustments of IGM and Power Sustainable. Publicly traded operating companies:  contribution to net earnings was $817 million, an increase of 6.9% from the second quarter of 2025, and contribution to adjusted net earnings was $1,057 million, an increase of 14.4% from the second quarter of 2025: Great West:  contribution to net earnings and to adjusted net earnings increased by $97 million or 15.8% and by $81 million or 10.3%, respectively. IGM:  contribution to net earnings and adjusted net earnings increased by $13 million or 8.4% and by $53 million or 33.5%, respectively. GBL:  contribution to net earnings and adjusted net earnings of negative $5 million in the second quarter of 2026, compared with a contribution to net earnings and adjusted net earnings of negative $15 million in the second quarter of 2025. Sagard and Power Sustainable:  Sagard's contribution to net earnings and adjusted net earnings was positive $10 million and positive $33 million, respectively. The contribution to Sagard's net earnings and adjusted net earnings in 2025 included a positive contribution of $98 million from investing activities, mainly related to fair value changes in the private equity portfolio. Power Sustainable's contribution to net earnings and adjusted net earnings was positive $3 million and negative $4 million, respectively. Six Months Net earnings attributable to participating shareholders were $1,510 million or $2.39 per share, compared with $1,461 million or $2.27 per share in 2025. Adjusted net earnings attributable to participating shareholders [1] were $1,879 million or $2.98 per share, compared with $1,670 million or $2.60 per share in 2025. Great-West Lifeco, IGM Financial and Groupe Bruxelles Lambert Results for the quarter ended June 30, 2026 GREAT-WEST LIFECO INC. Second Quarter Net earnings attributable to common shareholders were $1,039 million or $1.16 per share, compared with $894 million or $0.96 per share in 2025. Adjusted net earnings [1] attributable to common shareholders were $1,270 million or $1.42 per share, compared with $1,149 million or $1.24 per share in 2025. Adjustments in the second quarter of 2026, excluded from adjusted net earnings, were a net negative impact of $231 million, compared with a net negative impact of $255 million in 2025. Great West's Adjustments consisted of: IGM FINANCIAL INC. Second Quarter Net earnings available to common shareholders were $261.5 million or $1.12 per share, compared with $246.7 million or $1.04 per share in 2025. Adjusted net earnings [2] attributable to common shareholders were $330.0 million or $1.41 per share, compared with $252.7 million or $1.07 per share in 2025. Adjusted net earnings of IGM in the second quarter of 2026 excluded a net negative impact mainly related to restructuring and other charges of $70.1 million net of tax, arising from a multi-year initiative to further simplify IGM's organization, partially offset by a gain on partial sale of investment in associates. Assets under management and advisement [3] at June 30, 2026 were $343.3 billion, an increase of 9.3% from March 31, 2026 and 20.9% from June 30, 2025. Net inflows [4] were $2.2 billion in the second quarter of 2026, compared with net inflows of $90 million in 2025. GROUPE BRUXELLES LAMBERT Second Quarter GBL reported a net loss of €12 million, compared with a net loss of €50 million in 2025. GBL reported a net asset value [3] of €13,079 million or €100.77 per share at June 30, 2026, compared with €14,035 million or €105.37 per share at December 31, 2025. Sagard and Power Sustainable Results for the quarter ended June 30, 2026 Second Quarter Net earnings of the alternative asset investment platforms were $13 million, compared with net earnings of $142 million in 2025. Adjusted net earnings [1] of the alternative asset investment platforms were $29 million, compared with adjusted net earnings of $93 million in 2025. Adjusted net earnings are comprised of: Summary of assets under management [3] (including unfunded commitments [3]): Adjusted Net Asset Value and Participating Shareholders' Equity At June 30, 2026 Adjusted Net Asset Value The Corporation's adjusted net asset value per share was $112.94 at June 30, 2026, compared with $85.77 at December 31, 2025, an increase of 31.7%. Participating Shareholders' Equity The Corporation's book value per participating share was $37.74 at June 30, 2026, compared with $36.31 at December 31, 2025, representing an increase of 3.9%. Dividend on Power Corporation Participating Shares The Board of Directors declared a quarterly dividend of 66.75 cents per share on the Participating Preferred Shares and the Subordinate Voting Shares of the Corporation, payable October 30, 2026 to shareholders of record September 29, 2026. Dividends on Power Corporation Non-Participating Preferred Shares The Board of Directors also declared quarterly dividends on the Corporation's preferred shares, payable October 15, 2026 to shareholders of record at September 24, 2026: Investor Information About Power Corporation Power Corporation is an international management and holding company that focuses on financial services in North America, Europe and Asia. Its core holdings are leading insurance, retirement, wealth management and investment businesses, including a portfolio of alternative asset investment platforms. To learn more, visit www.powercorporation.com . At June 30, 2026, Power Corporation held the following economic interests: Earnings Summary Contribution to Adjusted Net Earnings and Net Earnings

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