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IGM Financial (IGM) investor relations material
IGM Financial Q4 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Achieved record adjusted EPS of $4.61 (CAD 4.61) in 2025, up 17% year-over-year, with reported EPS of $4.64, reflecting broad-based growth in client assets and core businesses.
Consolidated AUM & A including strategic investments reached $566.2B, up 17.1% year-over-year, with strong net flows and client asset growth across all segments.
Returned $827MM to shareholders in 2025 through dividends and share repurchases, including a 10% increase in the quarterly dividend and a new NCIB for up to 5% of shares.
Strategic investments in Rockefeller and Wealthsimple delivered significant value, with Rockefeller's recapitalization nearly doubling equity interest value and Wealthsimple equity valued at $2.3B after a $100MM investment.
Recognized among Canada's top 100 employers and Corporate Knights Global 100 Most Sustainable Companies.
Financial highlights
Q4 2025 adjusted EPS was $1.27, up 21% year-over-year; reported EPS was $1.36, up 27.1% year-over-year.
Full-year net flows totaled $8.8B, with IG Wealth contributing $2.1B and Mackenzie $6.7B.
Asset growth at the IGM level was 17% year-over-year, with contributions from all six businesses.
Returned $263MM to shareholders in Q4, including $130MM in share repurchases.
Wealthsimple AUA grew by $47.3B (+74% year-over-year), and ChinaAMC investment fund net flows were $37.6B.
Outlook and guidance
Entering 2026 with record client assets, strong earnings, $1B in unallocated capital, and low debt levels.
2026 focus areas include continued growth in HNW and mass affluent segments, investment in core businesses, and increased capital returns to shareholders.
Expense growth guidance for 2026 set at 4%, with expense reclassification at Mackenzie.
Intends to repurchase the full 5% of shares outstanding under the NCIB in 2026.
Dividend policy reviewed annually, with a focus on maintaining payout ratios below 60%.
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