SEDAR Interim Financial Statements

[
  {
    "companyName": "Canaccord Genuity Group Inc.",
    "reportingPeriodEnd": "2025-12-31",
    "reportStatus": "Unaudited",
    "auditorName": null,
    "auditorKeyMatters": [],
    "balanceSheet": {
      "cashAndCashEquivalents": 1670860,
      "securitiesOwned": 626895,
      "accountsReceivable": 2978695,
      "incomeTaxesReceivable": 14798,
      "totalCurrentAssets": 5291248,
      "otherReceivables": 56408,
      "deferredTaxAssets": 35879,
      "investments": 11348,
      "equipmentAndLeaseholdImprovements": 117337,
      "intangibleAssets": 345043,
      "goodwill": 577038,
      "rightOfUseAssets": 179373,
      "totalAssets": 6613674,
      "securitiesSoldShort": 562910,
      "accountsPayableAndAccruedLiabilities": 3705114,
      "provisions": 108563,
      "incomeTaxesPayable": 16425,
      "subordinatedDebt": 7500,
      "currentPortionOfBankLoans": 7319,
      "currentPortionOfLeaseLiabilities": 30459,
      "currentPortionOfDeferredAndContingentConsideration": 6070,
      "totalCurrentLiabilities": 4444360,
      "deferredTaxLiabilities": 60307,
      "derivativeLiabilities": 178413,
      "deferredAndContingentConsiderations": 29766,
      "bankLoans": 471678,
      "convertibleDebentures": 88738,
      "leaseLiabilities": 225074,
      "totalLiabilities": 5498336,
      "attributableToEquityHoldersOfCggi": 694351,
      "attributableToNonControllingInterests": 420987,
      "totalEquity": 1115338,
      "totalLiabilitiesAndEquity": 6613674,
      "cashPerShare": 16.8475,
      "workingCapitalPerShare": 8.4475
    },
    "incomeStatement": {
      "commissionsAndFees": 793359,
      "investmentBanking": 358705,
      "advisoryFees": 194557,
      "principalTrading": 85064,
      "interest": 141525,
      "other": 48889,
      "revenue": 1622099,
      "compensationExpense": 975342,
      "tradingCosts": 76540,
      "premisesAndEquipment": 18250,
      "communicationAndTechnology": 69879,
      "interestExpense": 98539,
      "generalAndAdministrative": 199807,
      "amortization": 38330,
      "amortizationOfRightOfUseAssets": 20947,
      "developmentCosts": 63221,
      "restructuringCosts": 0,
      "acquisitionRelatedCosts": 2266,
      "impairmentOfGoodwill": 110000,
      "fairValueAdjustmentOfNonControllingInterestsDerivativeLiability": 28000,
      "fairValueAdjustmentOfConvertibleDebenturesDerivativeLiability": 21373,
      "changeInFairValueOfContingentConsideration": 5841,
      "expenses": 1728335,
      "netIncomeLossBeforeIncomeTaxes": -106236,
      "incomeTaxExpenseCurrent": 38796,
      "incomeTaxExpenseDeferred": 20000,
      "incomeTaxExpense": 58796,
      "netIncomeLossForThePeriod": -165032,
      "netIncomeLossAttributableToCggiShareholders": -206983,
      "netIncomeLossAttributableToNonControllingInterests": 41951,
      "weightedAverageNumberOfCommonSharesOutstandingBasic": 99149.967,
      "weightedAverageNumberOfCommonSharesOutstandingDiluted": null,
      "netIncomeLossPerCommonShareBasic": -2.17,
      "netIncomeLossPerCommonShareDiluted": -2.17,
      "dividendPerCommonShare": 0.255,
      "dividendPerSeriesAPreferredShare": 0.75,
      "dividendPerSeriesCPreferredShare": 1.29
    },
    "cashFlowStatement": {
      "netLossIncomeForThePeriod": -165032,
      "amortization": 38330,
      "amortizationOfRightOfUseAssets": 20947,
      "deferredIncomeTaxExpense": 20000,
      "shareBasedCompensationExpense": 31152,
      "fairValueAdjustmentsOfInvestments": 0,
      "interestExpenseInConnectionWithLeaseLiabilities": 14000,
      "impairmentOfGoodwill": 110000,
      "fairValueAdjustmentOfConvertibleDebenturesDerivativeLiability": 21373,
      "fairValueAdjustmentsOfNonControllingInterestsDerivativeLiability": 28000,
      "changeInFairValueAdjustmentOfContingentConsideration": 5841,
      "impairmentOfInvestmentsAccountedForUnderEquityMethod": 0,
      "gainOnDisposal": -19882,
      "decreaseInSecuritiesOwned": 75523,
      "decreaseInAccountsReceivable": 360151,
      "decreaseInNetIncomeTaxesReceivable": 19855,
      "decreaseInSecuritiesSoldShort": -32597,
      "increaseDecreaseInAccountsPayableAccruedLiabilitiesAndProvisions": 33234,
      "cashProvidedByOperatingActivities": 560895,
      "repaymentOfBankLoan": 0,
      "proceedsFromBankLoan": 38426,
      "acquisitionOfCommonSharesForLongTermIncentivePlan": -2297,
      "paymentOfDividendsOnConvertiblePreferredSharesIssuedInUkCrownDependenciesWealthManagementOperations": -20381,
      "paymentOfDividendsToNonControllingInterestsInAustralia": -3535,
      "cashDividendsPaidOnCommonShares": -25670,
      "cashDividendsPaidOnPreferredShares": -8556,
      "leasePayments": -35798,
      "cashUsedInFinancingActivities": -57811,
      "purchaseOfEquipmentAndLeaseholdImprovements": -4623,
      "acquisitionOfWilsonsAdvisoryNetOfCashAcquired": -30265,
      "netProceedsFromDisposal": 19882,
      "acquisitionOfIntelligentCapitalHoldingsLimitedNetOfCashAcquired": 0,
      "acquisitionOfCantabAssetManagementLtdNetOfCashAcquired": 0,
      "paymentOfDeferredConsideration": -4672,
      "purchaseOfIntangibles": -436,
      "cashUsedInInvestingActivities": -20114,
      "effectOfForeignExchangeOnCashBalances": -5311,
      "increaseInCashPosition": 477659,
      "cashPositionBeginningOfPeriod": 1193201,
      "cashPositionEndOfPeriod": 1670860,
      "interestReceived": 141525,
      "interestPaid": 97722,
      "incomeTaxesPaid": 27746
    },
    "investmentsAndOtherAssets": [
      {
        "type": "Investments",
        "description": "Investments at FVTPL",
        "ownershipPercentage": null,
        "value": 7169,
        "notes": "Level 3 financial instruments, fair value determined using market-based approach."
      },
      {
        "type": "Marketable Securities",
        "description": "Securities owned - Corporate and government debt, Equities and convertible debentures",
        "ownershipPercentage": null,
        "value": 626895,
        "notes": "Held for trading, classified as Level 1, 2, and 3 in fair value hierarchy."
      },
      {
        "type": "Joint Ventures",
        "description": "Investments accounted for under equity method",
        "ownershipPercentage": null,
        "value": null,
        "notes": "Mentioned in cash flow statement adjustments."
      },
      {
        "type": "Promissory Note",
        "description": "Promissory Note from CRC Holdings Co. LLC",
        "ownershipPercentage": null,
        "value": 28600,
        "notes": "Included in accounts payable and accrued liabilities, bears interest at 7.5% per annum, due December 31, 2027."
      }
    ],
    "shareStructure": {
      "authorizedShares": "Unlimited common shares without par value",
      "issuedShares": 102734159,
      "classesOfShares": ["Common Shares", "Series A Preferred Shares", "Series C Preferred Shares"],
      "warrants": [],
      "options": [
        {
          "number": 3343333,
          "exercisePrice": null,
          "expiryDate": null
        }
      ],
      "rightsConvertibleInstruments": "Convertible debentures, Convertible Preferred Shares and Preference Shares in CGWM UK."
    },
    "managementCompensation": {
      "currency": "CAD",
      "periods": {
        "forTheThreeMonthsEndedDecember312025": {
          "longTermIncentivePlan": 704,
          "deferredShareUnitsCashSettled": 646,
          "deferredShareUnitsCashSettledSeniorExecutives": 270,
          "psuCashSettled": 3882,
          "pso": 331,
          "managementIncentivePlan": 6000,
          "otherShareBasedPaymentPlan": -2,
          "totalShareBasedCompensationExpense": 11831
        },
        "forTheNineMonthsEndedDecember312025": {
          "longTermIncentivePlan": 3270,
          "deferredShareUnitsCashSettled": -1035,
          "deferredShareUnitsCashSettledSeniorExecutives": 2006,
          "psuCashSettled": 5223,
          "pso": 1508,
          "managementIncentivePlan": 20000,
          "otherShareBasedPaymentPlan": 180,
          "totalShareBasedCompensationExpense": 31152
        }
      },
      "namedIndividuals": [],
      "otherRelatedPartyTransactions": [
        {
          "counterparty": "Key management personnel",
          "description": "Security trades executed for officers and directors",
          "amount": null,
          "period": "Ongoing"
        },
        {
          "counterparty": "Participants (executive officers and senior revenue producing employees)",
          "description": "Purchase Loans for subscribing to LP Units in CG Partners Limited Partnership",
          "amount": 67700,
          "period": "As of December 31, 2025"
        }
      ]
    },
    "subsequentEvents": [
      {
        "eventDate": "2026-01-14",
        "description": "Acquisition of Carbon Reduction Capital, LLC (CRC-IB) through U.S. business.",
        "impactValue": null
      },
      {
        "eventDate": null,
        "description": "Rights offering of ordinary shares by holding company for Australian operations, expected to close in Q4 fiscal 2026.",
        "impactValue": null
      },
      {
        "eventDate": "2026-03-10",
        "description": "Dividend of $0.085 per common share approved, payable on March 10, 2026.",
        "impactValue": null
      },
      {
        "eventDate": "2026-03-31",
        "description": "Dividends approved: $0.25175 per Series A Preferred Share and $0.42731 per Series C Preferred Share, payable on March 31, 2026.",
        "impactValue": null
      }
    ]
  }
]