Core Insights - Clairvest Group Inc. reported a book value of CAD 1,255 million or CAD 91.66 per share as of December 31, 2025, reflecting a 9% increase from CAD 1,154 million or CAD 83.92 per share as of September 30, 2025 [2][8] - The company recorded a net income of CAD 105.1 million, or CAD 7.65 per share, for the quarter ended December 31, 2025, primarily driven by two significant investment realizations [2][8] - For the nine months ended December 31, 2025, net income was CAD 49.7 million, or CAD 3.74 per share, which included a CAD 128 million write-down of Head Digital Works [6][8] Financial Performance - Clairvest's net investment gain for the quarter was CAD 119.5 million, compared to CAD 22.3 million in the same quarter of the previous year [11] - Total expenses for the quarter, excluding income taxes, were CAD 9.4 million, up from CAD 6.2 million year-over-year [11] - The company had total assets of CAD 1,406.4 million and total liabilities of CAD 151.2 million as of December 31, 2025 [11] Investment Activities - Clairvest and Clairvest Equity Partners VI (CEP VI) sold their interest in F12.net for proceeds of CAD 164 million, achieving a 4.6x multiple on invested capital [3][8] - The company also agreed to sell its interest in Acera Insurance for CAD 325 million in cash and CAD 81.5 million in a promissory note, generating a 3.0x multiple on invested capital [4][8] - Clairvest and Clairvest Equity Partners VII (CEP VII) entered into an agreement to acquire Northfield Park for USD 546 million, with Clairvest expected to invest approximately 25% of the equity [5][8] Shareholder Actions - During the quarter, Clairvest repurchased and cancelled 60,500 common shares at an average price of CAD 71 per share, costing a total of CAD 4.3 million, which added CAD 0.09 per share to the book value [2][8] Cash Position - As of December 31, 2025, Clairvest had CAD 217 million in cash, cash equivalents, and temporary investments, with an additional CAD 119 million held by acquisition entities, totaling CAD 336 million available cash [7][8]

Core Insights - Clairvest Group Inc. reported a strong financial performance for the first quarter of fiscal 2026, with a book value increase and significant net income driven by private equity investments [2][10]. Financial Performance - As of June 30, 2025, Clairvest's book value was CAD 1,260 million or CAD 88.94 per share, up from CAD 1,252 million or CAD 88.30 per share as of March 31, 2025 [2][10]. - The net income for the quarter was CAD 21.3 million, translating to CAD 1.51 per share, reflecting a robust performance in the investment portfolio [2][10]. - Total assets increased to CAD 1,447.2 million from CAD 1,429.4 million, while total liabilities rose to CAD 187.4 million from CAD 177.8 million [11]. Cash and Investments - Cash, cash equivalents, and temporary investments amounted to CAD 201 million, with an additional CAD 120 million held by acquisition entities, totaling CAD 321 million, which is approximately 25% of the book value [3]. - During the quarter, Clairvest invested CAD 43 million in two new deals and a follow-on investment, including a CAD 32.1 million investment in NCS Engineers and a CAD 100.6 million investment in Beneficial Reuse Management [4][6]. Dividends - Subsequent to the quarter end, Clairvest declared an annual ordinary dividend of CAD 0.10 per share and a special dividend of CAD 0.7830 per share, totaling 1% of the March 31, 2025 book value [8].