Power Corporation of Canada (POW) AGM 2026 summary

Opening remarks and agenda

• The meeting was called to order with a large in-person and online attendance, reflecting heightened interest.

• Simultaneous interpretation was available, and formalities such as quorum and notice of meeting were confirmed.

• The agenda included financial results, leadership transitions, election of directors, appointment of auditors, executive compensation, and shareholder proposals.

Financial performance review

• Adjusted net earnings for 2025 reached CAD 3.5 billion, up 14% from 2024; adjusted EPS rose 16% to CAD 5.31.

• Q1 2026 adjusted EPS increased 17% year-over-year to CAD 1.43; net EPS at CAD 1.29.

• Over CAD 2.3 billion was returned to shareholders in 2025 via dividends and share buybacks; share repurchases continue in 2026.

• Since 2020, more than CAD 11 billion has been returned to shareholders.

• Power’s returns have outperformed TSX benchmarks over 1, 3, 5, and 30-year periods.

Dividend announcements

• Quarterly dividend increased by 9% in Q1 2026 to CAD 0.6675 per share, mirroring a similar increase in Q1 2025.

• Dividends have grown over 50% since 2020.