Power Corp. reports $408M in net earnings, down year over year from $933M

MONTREAL — Power Corp. of Canada says its net earnings from continuing operations were $408 million in the fourth quarter, down from $933 million during the same period last year.

On a per share basis, its net earnings from continuing operations came in at 64 cents during the period, down from $1.44 during last year’s fourth quarter.

The Montreal-based management and holding company, which holds a 68.7 per cent interest in Great-West Lifeco, says that company’s net earnings from continuing operations reached $1.05 billion compared with $1.12 billion in the prior year quarter.

Power Corp. also holds a 62.9 per cent stake in IGM Financial Inc. and says that the company’s net earnings came in at $322.4 million in the fourth quarter, up year over year from $254.7 million.

In February, Power Corp. named James O’Sullivan as its next president and chief executive, effective July 1.

He will succeed Jeffrey Orr, who will become vice-chair and stand for re-election to Power’s board of directors at the company’s annual meeting.

This report by The Canadian Press was first published March 18, 2026.

Companies in this story: (TSX:POW)

The Canadian Press