tiprankstipranks
Trending News
More News >

CI Financial Reports Q1 2025 Financial Results

CI Financial Reports Q1 2025 Financial Results

Ci Financial Corp. ( (CIXXF) ) has released its Q1 earnings. Here is a breakdown of the information Ci Financial Corp. presented to its investors.

Confident Investing Starts Here:

CI Financial Corp., a diversified global asset and wealth management company headquartered in Toronto, operates in Canada, the United States, and Australia, offering a comprehensive suite of financial services across asset management and wealth management sectors. In its first quarter of 2025 earnings report, CI Financial Corp. reported a net loss of $8.5 million, a significant improvement from the $405.4 million loss in the previous quarter. Despite the net loss, the company achieved an adjusted net income of $140.7 million, with total net revenues rising to $787.7 million, driven by acquisitions in the U.S. wealth management sector. Key financial metrics for the quarter included an adjusted EBITDA of $273.9 million attributable to shareholders and a free cash flow of $200.8 million. The company also completed acquisitions of two U.S. registered investment advisor businesses, adding approximately US$11 billion in client assets, and announced a $500 million debenture offering. Looking ahead, CI Financial is in the process of going private through a transaction with Mubadala Capital, expected to close in the third quarter of 2025, reflecting a strategic shift in its business operations.

Disclaimer & Disclosure

Looking for a trading platform? Check out TipRanks' Best Online Brokers , and find the ideal broker for your trades.

Report an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App