IGM Financial
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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.
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Q4 2025 earnings summary13 Feb, 2026

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%.

Rationale for reduced Rockefeller stake?
Plans for $1B unallocated capital?
What drove Mackenzie's net sales turnaround?
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Frequently asked questions

IGM Financial Inc is a Canadian-based wealth and asset management company providing financial advisory, investment management, and retirement planning services. The company operates through brands such as IG Wealth Management and Mackenzie Investments, serving individuals, businesses, and institutions. IGM Financial distributes investment products and advisory services across Canada. The company is headquartered in Winnipeg, Canada, and its shares are listed on the TSX.

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