CI Financial (CIX) Q3 2025 earnings summary

Executive summary

• Completed privatization by Mubadala Capital in August 2025, with CI becoming a wholly owned subsidiary and receiving $823 million equity injection, used to repay credit facility.

• Significant acquisitions in Q3 include Stonehage Fleming and Stanhope Capital, adding over US$214 billion in client assets, expected to close in H1 2026.

• Amalgamation of CI and Accelerate Holdings Corp. completed, with new CI continuing as the surviving entity.

Financial highlights

• Total AUM and client assets reached $604.8 billion at September 30, 2025, up 17% year-over-year.

• Net loss attributable to shareholders was $311.5 million for Q3 2025, compared to a net loss of $27.6 million in Q3 2024 and net income of $141.8 million in Q2 2025.

• Adjusted EBITDA attributable to shareholders was $287.0 million, up from $270.5 million in Q3 2024 and $256.3 million in Q2 2025.

• Adjusted EBITDA margin was 40.5% in Q3 2025.

• Adjusted net revenue was $832.5 million, up from $754.9 million in Q3 2024.

Outlook and guidance

• Acquisitions and equity contributions are expected to further strengthen the global wealth management platform.

• Stonehage Fleming and Stanhope Capital acquisitions are anticipated to close in the first half of 2026, expanding global reach.