Guardian Capital Group Limited (TSX: GCG; GCG.A) Announces 2025 Second Quarter Operating Results

Core Viewpoint - The company reported significant improvements in net revenue and net earnings for the quarter ended June 30, 2025, driven by gains in its securities portfolio and contributions from Sterling and Galibier, despite facing integration costs and lower management fee revenue in other areas. Financial Performance - Net revenue for Q2 2025 was $90.0 million, up from $64.2 million in Q2 2024, with $33.2 million contributed by Sterling and Galibier [3][5] - Operating earnings decreased to $6.1 million from $14.3 million year-over-year, while EBITDA fell to $14.9 million from $21.4 million [4][5] - Net gains for the quarter were $55.0 million, a significant recovery from net losses of $39.2 million in the same quarter last year [5] - Net earnings attributable to shareholders were $55.2 million, compared to a net loss of $23.1 million in the prior year [5] Cash Flow and Equity - Adjusted cash flow from operations attributable to shareholders was $10.7 million, down from $13.9 million in the comparative period [6] - Shareholders' equity as of June 30, 2025, was $1,323 million, or $54.29 per share, compared to $1,318 million, or $53.76 per share at the end of 2024 [6][9] Client Assets - Total client assets were reported at $164.1 billion as of June 30, 2025, down from $169.0 billion at the end of 2024, with a notable increase of $107.0 billion attributed to Sterling and Galibier since June 30, 2024 [2][6] - The decrease in total client assets since December 31, 2024, was primarily due to the depreciation of the US dollar against the Canadian dollar, which reduced total client assets in the US segment by $6.5 billion [2]