CGI (GIB) AGM 2025 summary

Opening remarks and agenda

• The meeting was opened with a welcome and introduction of board members and executives, outlining the agenda: financial results, election of directors, appointment of auditor, shareholder proposal, and Q&A session.

Financial performance review

• Fiscal 2024 revenue reached CAD 14.7 billion, up 2.7% year-over-year; net earnings rose 3.8% with a margin of 11.5%.

• Diluted EPS was CAD 7.31, up 6.6%; adjusted diluted EPS was CAD 7.62, up 7.8%.

• Operating cash flow was CAD 2.2 billion, 50% of revenue; ROI achieved was 16%.

• Q1 2025 revenue was CAD 3.8 billion, up 5.1% year-over-year; diluted EPS was CAD 1.97, up 7.7%.

• Investments included CAD 361 million in business, CAD 542 million in acquisitions, and CAD 935 million in share buybacks in 2024.

Board and executive committee updates

• Julie Godin appointed Executive Chair of the Board; Serge Godin becomes Co-Chair, continuing active involvement.

• Succession planning highlighted, with seamless transitions in executive roles over the years.

• Board nominees introduced, with two directors not standing for re-election and appreciation expressed for their contributions.