The earnings call highlighted strong fundraising achievements, a profitable WestJet transaction, and growth in fee-generating AUM. Despite these positives, challenges such as a slowdown in M&A activity and market volatility due to global trade concerns were noted. Overall, the highlights outweigh the lowlights, indicating a positive sentiment.

Company Guidance -

Q3 2025

During the first quarter of 2025, Onex Corporation provided guidance reflecting a solid start to the year, with a focus on long-term value creation and strategic initiatives. Key financial metrics highlighted include a 3% increase in investing capital per share to $116.97, with a 9% increase over the past year. The private equity portfolio returned 2% in the quarter, outperforming the MSCI World MidCap Index, which was essentially flat. Onex announced a 25% sale of its equity investment in WestJet, achieving a significant premium of over 25% to the current NAV, while retaining 75% ownership. The company successfully raised $1.2 billion for its Onex Partners Opportunities Fund and $1.3 billion for ONCAP V, with the latter increasing third-party capital by 54% from the previous fund. Onex's Credit team executed 10 CLO transactions, raising $2.5 billion in new fee-generating AUM, contributing to a total of $37 billion in fee-generating AUM by the end of the quarter. These efforts underscore Onex's commitment to compounding NAV, increasing fee-related earnings, and returning capital to shareholders through share buybacks, facilitated by a large discount to NAV.

Successful Fundraising Achievements

Onex Partners closed its Opportunities Fund with $1.2 billion in commitments, exceeding the initial target. ONCAP V also had a successful final closing with $1.3 billion in commitments, increasing third-party capital by 54%.

WestJet Transaction

Onex announced a 25% sale of its equity investment in WestJet to Delta, Korean Air, and Air France KLM, at more than a 25% premium to the current NAV, fully realizing the original cost.

Growth in Fee-Generating Assets Under Management (AUM)

The Credit team executed 10 CLO transactions, raising $2.5 billion of new fee-generating AUM and resetting $1.8 billion of AUM. Total fee-generating AUM increased by 5% to $37 billion.

Strong Credit Performance

Credit investments delivered an $11 million net gain (1% return) in Q1, with structured credit strategies contributing significantly.

Share Buyback Program

Onex repurchased 1.4 million shares in Q1 and 800,000 additional shares in April, capitalizing on market volatility to buy shares below NAV.

ONEX Corporation (TSE:ONEX) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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TSE:ONEX Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Nov 07, 2025	2025 (Q3)	- / -	2.168	―	―	―
Aug 07, 2025	2025 (Q2)	- / 3.30	2.985	10.55% (+0.31)	―	―
May 09, 2025	2025 (Q1)	- / 3.40	0.127	2573.23% (+3.27)	―	―
Feb 21, 2025	2024 (Q4)	- / -0.03	9.023	-100.30% (-9.05)	―	―
Nov 08, 2024	2024 (Q3)	- / 2.17	5.974	-63.71% (-3.81)	―	―
Aug 08, 2024	2024 (Q2)	- / 2.98	1.63	83.13% (+1.35)	―	―
May 10, 2024	2024 (Q1)	- / 0.17	-3.945	104.43% (+4.12)	―	―
Feb 23, 2024	2023 (Q4)	- / 6.56	5.32	23.38% (+1.24)	―	―
Nov 10, 2023	2023 (Q3)	- / 4.35	-2.12	305.00% (+6.47)	―	―
Aug 10, 2023	2023 (Q2)	- / 2.24	-2.955	175.81% (+5.20)	―	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

TSE:ONEX Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
May 09, 2025	C$101.81	C$103.13	+1.30%
Feb 21, 2025	C$109.91	C$104.82	-4.63%
Nov 08, 2024	C$108.44	C$110.81	+2.19%
Aug 08, 2024	C$87.57	C$87.28	-0.33%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does ONEX Corporation (TSE:ONEX) report earnings?

ONEX Corporation (TSE:ONEX) is schdueled to report earning on Nov 07, 2025, Before Open (Confirmed).

What is ONEX Corporation (TSE:ONEX) earnings time?

ONEX Corporation (TSE:ONEX) earnings time is at Nov 07, 2025, Before Open (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

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