Brief: CI Financial Q2 Adjusted EPS CAD 0.89

CI Financial

05/08/2025 12:00

Overview

CI Financial Q2 adjusted EPS of C$0.89 beats analyst expectations

Adjusted net income down 8.7% from prior quarter due to lower fees

Outlook

CI expects acquisition by Mubadala to close by August 12, 2025

Result Drivers

ASSET MANAGEMENT FEES - Decline in fees due to lower average assets under management and weaker U.S. dollar impacting U.S. revenues

EXPENSES - Adjusted expenses rose due to higher SG&A and Advisor and Dealer fees in Canada

REVENUE INCREASE - Total net revenues increased from Q1, driven by factors excluding non-operating items

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Adjusted EPS
Beat
C$0.89
C$0.88 (1 Analyst)
Q2 EPS
C$0.97
Q2 Adjusted Net Income
C$128.50 mln
Q2 Net Income
C$141.80 mln
Q2 Adjusted EBITDA
C$304.30 mln
Q2 Adjusted EBITDA Margin
39.2%
Q2 Pretax Profit
C$173.60 mln


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is no "strong buy" or "buy", 2 "hold" and 2 "sell" or "strong sell"

The average consensus recommendation for the investment management & fund operators peer group is "buy."

Wall Street's median 12-month price target for CI Financial Corp is C$32.00, about 0.1% above its August 1 closing price of C$31.96

The stock recently traded at 8 times the next 12-month earnings vs. a P/E of 7 three months ago

Press Release: ID:nBw40XSv2a

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)