Onex Corp. ONEX-T reported a first-quarter profit of US$129-million, down from US$168-million a year ago.
The private equity firm, which keeps its books in U.S. dollars, says the profit amounted to US$1.76 per diluted share for the quarter ended March 31.
The result was down from US$2.36 per diluted share in the same quarter last year.
Onex said it had about US$9.39-billion in investing capital at March 31, up from US$8.66 billion at Dec. 31, 2025.
Onex founder Gerry Schwartz gives up voting control of company as sunset clause expires
Earlier this year, Onex completed its deal to buy Convex Group Ltd., a specialty property and casualty insurance and reinsurance business, in partnership with American International Group Inc. AIG-N
Onex chief executive Bobby Le Blanc said Convex delivered another strong quarter of underwriting profitability and net income and remains well-positioned for continued growth in 2026.