Canada's Onex posts Q4 profit vs yr-ago loss

Onex

20/02/2026 12:10

Overview

Canada investment manager's Q4 net earnings rose significantly from a year-ago loss

Company completed $7 bln acquisition of Convex on Feb 6, enhancing growth prospects

Company raised over $8 bln in new capital in 2025

Outlook

Onex anticipates significant momentum in 2026 due to Convex acquisition and AIG partnership

Result Drivers

CAPITAL RAISING - Onex raised over $8 bln in new capital in 2025, indicating strong momentum for asset management platforms

CONVEX PERFORMANCE - Convex achieved record net income and gross premium growth in 2025, reflecting strong underwriting and expense management

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 EPS
$2.64
Q4 Net Income
$181 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", 1 "hold" and no "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 Onex Corp is C$160.00, about 50.5% above its February 19 closing price of C$106.33

Press Release: ID:nGNX8SmFbG

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(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.)