IGM Financial Reports Record First Quarter Earnings

IGM Financial ( (IGIFF) ) has released its Q1 earnings. Here is a breakdown of the information IGM Financial presented to its investors.

IGM Financial Inc. is a prominent Canadian wealth and asset management firm, offering a range of financial planning and investment services primarily through its subsidiaries, IG Wealth Management and Mackenzie Investments. The company is part of the Power Corporation group and is known for its strategic investments in Rockefeller Capital Management, Wealthsimple, ChinaAMC, and Northleaf Capital.

In its first-quarter earnings report for 2025, IGM Financial announced record high adjusted net earnings of $237.8 million, marking a 5.9% increase from the previous year. The company also reported a significant boost in assets under management and advisement, reaching $275 billion, a 9.1% increase from the same quarter in 2024.

Key financial highlights include a 4.7% rise in net earnings to $233.8 million and a 4.3% increase in earnings per share to $0.98. The company’s assets under management and advisement, including strategic investments, hit an all-time high of $503.6 billion. Notably, IG Wealth Management achieved record high gross client inflows of $4.2 billion, while Mackenzie Investments saw an increase in mutual fund sales and a reduction in net redemptions.

IGM Financial’s strategic investments contributed positively, with ChinaAMC’s earnings share rising to $30.6 million. The company’s dividend remains steady at 56.25 cents per share, reflecting a stable return for shareholders.

Looking ahead, IGM Financial’s management remains optimistic about continued growth, driven by strong performance in its core businesses and strategic investments. The company is well-positioned to capitalize on market opportunities and enhance its service offerings to meet the evolving needs of its clients.