| Imagery Source: Wikimedia Commons/Raysonho |
| Information Source: CGI Group |
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Fourth quarter revenue up 9.7% year-over-year, announces a 13% increase to its dividend. |
| Q4-F2025 performance highlights |
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| F2025 performance highlights |
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| Q4-F2025 results |
| “In the fourth quarter, CGI delivered revenue growth, strong cash generation and double-digit EPS expansion led by our AI-embedded managed services, M&A and our share buyback program,” said François Boulanger, President and Chief Executive Officer. “Clients continued to rely on CGI as a trusted transformation partner to improve productivity, reduce costs and achieve business outcomes. As such, book-to-bill reached 119% in the quarter.” |
| “Looking ahead, our teams continue to turn client ambition into action and results — using our financial strength, disciplined execution, AI and emerging technology expertise and proximity-based relationships to fuel future growth. Our pipeline reflects this positioning, with a nearly 30% increase in new opportunities.” |
| For the fourth quarter of Fiscal 2025, the Company reported revenue of $4.01 billion, representing a year-over-year growth of 9.7%. When excluding foreign currency variations, revenue grew by 5.5% year-over-year. |
| Earnings before income taxes were $516.2 million, down 12.9% year-over-year, for a margin of 12.9%, compared to 16.2% in the same period last year. Recorded in the period were acquisition and related integration costs of $22.8 million, along with $98.8 million in restructuring costs. The previously announced restructuring program was completed in this quarter. |
| Adjusted earnings before interest and taxes1 were $667.4 million, up 11.2% year-over-year, for a margin of 16.6%, up 20 basis points compared to the same period last year. |
| Net earnings were $381.4 million, down 12.5% compared with the same period last year, for a margin of 9.5%, compared to 11.9% in the same period last year. Diluted earnings per share, as a result, were $1.72 compared to $1.91 last year, representing a decrease of 9.9%. |
| Adjusted net earnings1 were $471.7 million, up 7.4% compared with the same period last year, for a margin of 11.8%, down 20 basis points compared to the same period last year. On the same basis, diluted earnings per share increased by 10.9% to $2.13 from $1.92 for the same period last year. |
| Cash provided by operating activities was $663.0 million, representing 16.5% of revenue. |
| Bookings were $4.79 billion, representing a book-to-bill ratio of 119.2% or 110.4% on a trailing twelve-month basis. |
| As of September 30, 2025, the number of CGI consultants and professionals worldwide stood at approximately 94,000. |
| During the fourth quarter of Fiscal 2025, the Company invested $80.5 million back into its business, acquired businesses for an investment of $237.5 million net of cash acquired, and invested $490.8 million under its current Normal Course Issuer Bid to purchase and cancel Class A subordinate voting shares. In addition, CGI returned $33.3 million back to its shareholders through the payment of a dividend. |
| F2025 results |
| The Company reported revenue of $15.91 billion, representing a year-over-year growth of 8.4%. When excluding foreign currency variations, revenue grew by 4.6% year-over-year. |
| Earnings before income taxes were $2,242.2 million, down 2.1% year-over-year, for a margin of 14.1%, compared to 15.6% in the same period last year. Recorded in the period were acquisition and related integration costs of $88.2 million, along with $196.8 million in restructuring costs. |
| Adjusted earnings before interest and taxes1 were $2,610.9 million, up 8.1% year-over-year, for a margin of 16.4%, down 10 basis points compared to the same period last year. |
| Net earnings were $1,658.3 million, down 2.0% compared with the same period last year, for a margin of 10.4%, compared to 11.5% in the same period last year. Diluted earnings per share, as a result, were $7.35 compared to $7.31 last year, representing an increase of 0.5%. |
| Adjusted net earnings1 were $1,871.5 million, up 6.0% compared with the same period last year, for a margin of 11.8%, down 20 basis points compared to the same period last year. On the same basis, diluted earnings per share increased by 8.9% to $8.30 from $7.62 for the same period last year. |
| Cash provided by operating activities was $2.23 billion, representing 14.0% of revenue, an increase of 1.3% on a year-over-year basis. |
| As of September 30, 2025, the Company’s backlog reached $31.45 billion or 2.0x annual revenue. |
| During Fiscal 2025, the Company invested $368.4 million back into its business, acquired businesses for an investment of $1,830.0 million net of cash acquired, and invested $1,274.5 million under its previous and current Normal Course Issuer Bid to purchase and cancel Class A subordinate voting shares. In addition, CGI returned $135.1 million back to its shareholders through the payment of dividends. |
| As of September 30, 2025, long-term debt and lease liabilities, including both their current and long-term portions, were $4.33 billion, up from $3.31 billion at the same time last year, mainly driven by the issuance of senior unsecured notes for an amount of $923.9 million. As of the same date, net debt2 stood at $3.45 billion, up from $1.82 billion at the same time last year. The net debt-to-capitalisation ratio2 was 25.1% at the end of September 2025, compared to 16.2% last year. |
| Declaration of Dividend |
| On November 4, 2025, our Board of Directors approved a quarterly cash dividend of $0.17 per share, a 13% increase. This dividend is payable to holders of Class A subordinate voting shares and Class B shares (multiple voting) on December 19, 2025, to shareholders of record as of the close of business on November 21, 2025. The dividend is designated as an ‘eligible dividend’ for Canadian tax purposes. |
| For the full document, click the link below |
| CGI Group |
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CGI: Reports Fourth Quarter and Fiscal 2025 Results
