Power Corp Q2 FY26 net earnings fall to C$690 million; adjusted net earnings rise to C$974 million

• Power Corporation of Canada posted IFRS net earnings attributable to participating shareholders of CAD 690 million, down 10.6% year over year, while adjusted net earnings rose 10.3% to CAD 974 million.
• IFRS net earnings per share fell 8.3% to CAD 1.10; adjusted net earnings per share climbed 12.3% to CAD 1.55.
• Adjusted net earnings contributions rose at Great-West Lifeco to CAD 871 million and at IGM Financial to CAD 211 million; GBL swung to a CAD 5 million loss.
• Great-West repurchased 13,400,000 shares under its NCIB in the first half at an average CAD 69.06; it later moved to double the buyback limit to 40,000,000 shares.
• Empower agreed to buy Milliman’s retirement plan and benefits administration business for about USD 340 million, adding about 1,500,000 participants and USD 130 billion in client assets.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. PCC - Power Corporation of Canada published the original content used to generate this news brief on July 30, 2026, and is solely responsible for the information contained therein.