CANACCORD GENUITY GROUP INC. REPORTS SECOND QUARTER FISCAL 2027 RESULTS

Excluding significant items, quarterly earnings per common share of $0.43⁽¹⁾

TORONTO, Nov. 15, 2026 /CNW/ — Canaccord Genuity Group Inc. (Canaccord Genuity Group, the Company) (TSX: CF) today announced its financial results for the second fiscal quarter and six months ended September 30, 2026.

Second fiscal quarter and six-months fiscal year-to-date highlights (adjusted):

(All dollar amounts are stated in thousands of Canadian dollars and on an adjusted basis excluding significant items⁽¹⁾ unless otherwise indicated)

• Second quarter revenue of $603.7 million, an increase of 13.8% over the same period in the prior fiscal year
• Six-month fiscal year-to-date revenue of $1.2 billion, an increase of 20.7% compared to the first six months of fiscal 2026
• Second quarter net income before taxes of $84.0 million, an increase of 40.4% year-over-year
• Diluted earnings per common share for the second fiscal quarter of $0.43, an increase of 59.3% from the same period in the prior year 
• Six-month year-to-date net income before taxes of $160.1 million, an increase of 71.8% or $66.9 million compared to the first six months of fiscal 2026
• Diluted earnings per share for the first six months of fiscal 2027 amounted to $0.80, an increase of 95.1% compared to the same period in the prior year
• Global wealth management operations earned quarterly revenue of $304.7 million, a year-over-year improvement of 13.1%, with much of the growth attributable to the Australian wealth management business, reflecting added scale from the acquisition of Wilsons Advisory which was completed in Q3/26.
• Total client assets in the global wealth management division increased by 21.5% year-over-year to $162.3 billion. Growth reflects year-over-year increases of 23.6% in Canada, 10.4% in the UK & Crown Dependencies, and 92.3% in Australia,
• CG’s global wealth management division contributed net income before taxes of $54.8 million in the second quarter of fiscal 2027, a year-over-year increase of 5.1%
• Global capital markets revenue of $286.8 million improved 13.5% year-over-year attributable to higher advisory fees revenue
• CG’s global capital markets division contributed net income before taxes of $45.9 million in the second quarter, representing an improvement of $20.3 million or 79.5% compared to the same period of last year
• On an IFRS basis, firm-wide revenue of $604.0 million in Q2/27 increased 12.7% year-over-year.  Second quarter net income before taxes of $6.1 million improved 103.9% year-over-year. Diluted loss per common share of $0.25 compared to a diluted loss per common share of $2.04 in Q2/26
• On an IFRS basis, for the six months ended September 30, 2026, revenue was $1.2 billion, an increase of 19.6% compared to the same period in the prior year. Year-to-date net income before taxes was $48.8 million compared to a loss before taxes of $170.5 million for the first half of fiscal 2026. Diluted loss per common share of $0.16 compared to a diluted loss per common share of $2.38 over the comparative period in the prior year
• Second quarter common share dividend of $0.10 per share

Core business performance highlights:

Canaccord Genuity Wealth Management

The Company’s combined global wealth management operations earned quarterly revenue of $304.7 million for the second fiscal quarter, a year-over-year increase of 13.1%. This increase was attributable to higher quarterly commissions and fees revenue of $250.9 million, which increased by 18.9% year-over-year, as positive market performance and net new asset inflows increased client assets and related fee revenue across all geographies. Year-over-year revenue growth in the Australian operations was partially attributable to the added scale from the acquisition of Wilsons Advisory, which was completed on October 1, 2025. Excluding significant items⁽¹⁾, expenses in the consolidated wealth management division were $243.8 million for the quarter, an increase of 15.4% year-over-year. The increase mainly reflected higher compensation expense associated with higher revenue, the added scale of the Australian business following the Wilsons acquisition, as well as approximately $3.0 million of costs related to the consolidation of office space in Australia, allocated between capital markets and wealth management operations.  Net income before taxes excluding significant items⁽¹⁾ increased by 5.1% year-over-year to $54.8 million during Q2/27. On a year-to-date basis, revenue amounted to $609.8 million, an increase of 19.0% compared to the first half of the prior fiscal year. Net income before taxes excluding significant items⁽¹⁾ increased by 20.4% year-over-year to $111.9 million for the six-month period ended September 30, 2026.

Total client assets in the Company’s global wealth management division at the end of the second fiscal quarter amounted to a record $162.3 billion, a year-over-year increase of $28.7 billion or 21.5%.

• Wealth management operations in the UK & Crown Dependencies generated second quarter revenue of $131.6 million, an increase of 1.8% compared to the same period last year. Commissions and fees revenue improved by 3.7% year-over-year to $109.8 million. Net income before taxes excluding significant items⁽¹⁾ reached $31.4 million in Q2/27, up 3.0% year-over-year, while the pre-tax profit margin increased by 0.3 percentage points to 23.8%, primarily reflecting modest revenue growth and lower non-compensation expenses, partially offset by a higher compensation ratio associated with increased headcount. Normalized EBITDA⁽¹⁾⁽²⁾, a commonly used operating metric for this business, was £23.7 million for the three months ended September 30, 2026, an increase of 5.5% compared to the same period in the prior year. For the six months ended September 30, 2026, revenue increased by 2.8% to $262.3 million, and net income before taxes excluding significant items⁽¹⁾ increased by 0.6% year-over-year to $60.5 million. Normalized EBITDA⁽¹⁾⁽²⁾ was £46.7 million for the first six months of fiscal 2027, an increase of 7.3% compared to the same period in the prior year.
  
  
  
  
• Client assets⁽¹⁾ in the UK & Crown Dependencies reached $81.7 billion (£43.3 billion) as at September 30, 2026, a year-over-year increase of 10.4% (an increase of 9.5% in local currency) primarily attributable to market growth and positive net new asset flows. On a sequential basis, client assets⁽¹⁾ remained broadly unchanged at $81.7 billion.
  
  
  
  
• Canaccord Genuity Wealth Management (North America) generated quarterly revenue of $124.7 million, a year-over-year increase of 11.4%, mainly driven by higher commissions and fees revenue, which increased by 17.9% compared to the same period of the prior year. Excluding significant items⁽¹⁾, net income before taxes in this business amounted to $23.3 million in Q2/27, an increase of 26.2% compared to Q2/26, while the pre-tax profit margin improved by 2.2 percentage points to 18.7%, reflecting revenue growth and lower overhead costs, partially offset by a higher compensation ratio due to changes in revenue mix.  Normalized EBITDA⁽¹⁾⁽²⁾ in this business was $29.9 million for the three months ended September 30, 2026, a year-over-year increase of 19.9%. For the six months ended September 30, 2026, revenue increased by 19.4% to $246.0 million, and net income before taxes excluding significant items⁽¹⁾ was $44.1 million, an increase of 59.4% year-over-year. Normalized EBITDA⁽¹⁾⁽²⁾ in this business was $57.3 million for the first six months of fiscal 2027, an increase of 41.7%.
  
  
  
  
• Client assets⁽¹⁾ in North America reached a new record of $61.0 billion as at September 30, 2026, an increase of 23.6% from $49.4 billion as at September 30, 2025 and an increase of 2.5% from June 30, 2026. The year-over-year increase primarily reflected market growth and positive net flows representing 3.7% of opening AUA for the six-month period. Sequentially, client assets increased due to market growth and positive net inflows.
  
  
  
  
• Wealth management operations in Australia generated quarterly revenue of $48.3 million, an increase of 71.4% compared to the second quarter of last year, reflecting the added scale from the Wilsons acquisition and underlying business growth. Commissions and fees revenue increased by 93.7% year-over-year to $43.5 million but declined 1.6% sequentially. Excluding significant items⁽¹⁾, expenses were $23.2 million or 93.2% higher than the same period in the prior year, primarily reflecting costs related to the consolidation of office space as part of the integration of Wilsons, as well as higher business development costs to support growth initiatives. Excluding significant items⁽¹⁾, net income before taxes in this business amounted to $0.1 million in Q2/27, down from $3.2 million in Q2/26, while the pre-tax profit margin declined by 11.0 percentage points year-over-year to 0.2%, largely due to the office integration costs. For the six months ended September 30, 2026, revenue increased by 98.0% to $101.6 million, and net income before taxes excluding significant items⁽¹⁾ increased by 42.6% year-over-year to $7.2 million. 
  
        
• Client assets⁽¹⁾ in Australia reached a new record of $19.5 billion (AUD 19.7 billion) as at September 30, 2026, an increase of 92.3% from the second quarter of fiscal 2026 driven by the addition of Wilsons Advisory, in addition to market appreciation, and positive net inflows. Sequentially, client assets increased by 2.7% from $19.0 billion (AUD 19.3 billion) at June 30, 2026. In addition, client assets⁽¹⁾ totalling $25.8 billion (AUD 26.1 billion) are also held on record in less active and transactional accounts through our Australian platform.

Canaccord Genuity Capital Markets

On a consolidated basis, Canaccord Genuity Capital Markets earned revenue of $286.8 million for the second fiscal quarter, a year-over-year increase of 13.5%, driven by higher advisory fees and commissions and fees revenue. For the six months ended September 30, 2026, revenue increased by 20.9% to $547.3 million, reflecting increases in advisory fees, investment banking, and commission and fees revenues.

Advisory fees revenue for the three-month period amounted to $143.3 million, an increase of 80.4% compared to Q2/26. The US business was the largest contributor, generating $70.3 million of advisory fees revenue, representing 49.1% of total advisory fees revenue for the segment and a 52.1% increase year-over-year, with technology sector activity accounting for 54% of advisory fees revenue in this business.  The Canadian capital markets business contributed $41.4 million of total advisory fees revenue in Q2/27, an increase of 340.7% year-over-year primarily attributable to the completion of significant metals and mining mandates. In the UK, advisory fees revenue increased by 32.5% year-over-year to $29.6 million, while the Australian business generated $1.9 million of advisory fees revenue, up 32.2% from the prior- year period, reflecting continued progress in building the advisory franchise in the region.

Investment banking revenue for the three-month period amounted to $87.5 million, a decrease of 3.4% compared to Q2/26. The decrease primarily reflected lower revenue from the US operations, partially offset by higher revenue across each of the other geographies. Investment banking revenue in our Australian operations was also positively impacted by unrealized gains on certain inventory and warrant positions associated with investment banking activities in this region. These positions may be subject to market price volatility which could result in variability in investment banking revenue in future periods. Fiscal year-to-date, Canaccord Genuity Capital Markets participated in 183 investment banking transactions globally, raising total proceeds of $25.8 billion.

Commissions and fees revenue increased by 1.2% year-over-year to $42.8 million for the three-month period, with increases across all core operations except Canada. Principal trading revenue decreased by 81.1% year-over-year to $5.8 million in Q2/27, primarily reflecting lower revenue from the US operations following the sale of the US wholesale market -making business, which was completed on November 7, 2025.

Excluding significant items⁽¹⁾, the global capital markets division recorded net income before income taxes of $45.9 million for the second fiscal quarter compared to $25.5 million in the same period a year ago. For the six months ended September 30, 2026, net income before income taxes excluding significant items⁽¹⁾ was $83.0 million, an increase of 167.1%, compared to the first half of fiscal 2026.

Summary of Corporate Developments

On August 18, 2026, the Company, through its wealth management business in the UK & Crown Dependencies announced that it has entered into an agreement to acquire the front office teams and client assets of EFG Harris Allday, a UK-based wealth management business focused on affluent clients predominantly in the Midlands. The EFG Harris Allday team is entrusted with approximately £3.1 billion in client assets and generated annual revenue of £20.3 million in the year ended December 31, 2025. Completion of the transaction is subject to customary closing conditions and is expected to occur in the second half of calendar 2026.

On October 1, 2026 (the “Redemption Date”), the Company redeemed all of its outstanding Cumulative 5-Year Rate Reset First Preferred Shares, Series A (the “Series A Preferred Shares”) by payment in cash of a redemption price equal to $25.00 per Series A Preferred Share, for an aggregate amount payable to holders of $113.5 million, in accordance with the redemption right contained in the Company’s articles. The Series A Preferred Shares were de-listed from the Toronto Stock Exchange on the Redemption Date.

On November 15, 2026, the Company entered into a definitive agreement to sell its wealth management business in the UK and Crown Dependencies (“CGWM UK”) to affiliates of Centerbridge Partners, L.P. (“Centerbridge”) and Mubadala Investment Company PJSC (“Mubadala”). Under the terms of the agreement, a newly formed entity jointly owned by Centerbridge and Mubadala will acquire the entire issued share capital of Canaccord Genuity Wealth Group Holdings (Jersey) Limited, the parent of all operating companies included in CGWM UK, in an all-cash transaction that values CGWM UK at an enterprise value of approximately £1.17 billion.

On an as-converted basis, and subject to the liquidation preferences associated with the holders of the Convertible Preferred Shares and Preference Shares of CGWM UK, the Company holds an approximate 66.9% equity equivalent interest in CGWM UK. The Company expects to receive proceeds of approximately £564.0 million from the transaction after adjustments relating to debt and working capital, transaction costs and timing for closing.

The transaction has been approved by the Company’s Board of Directors and is expected to close in the first half of calendar 2027, subject to customary closing conditions and the receipt of required regulatory approvals, including but not limited to the UK Financial Conduct Authority and the relevant financial services authorities in Jersey, Guernsey and the Isle of Man. The transaction is not subject to a financing condition.

On November 15, 2026, the Company entered into an arrangement agreement with CG Acquisitionco Inc. (the “CG Purchaser”), an entity wholly-owned by Dan Daviau, Chairman and Chief Executive Officer of the Company, pursuant to which the CG Purchaser will acquire all of the issued and outstanding common shares of the Company (the “Common Shares”), other than those held by Mr. Daviau and his affiliates, and all of the Company’s issued and outstanding Cumulative 5-Year Rate Reset First Preferred Shares, Series C (the “Series C Preferred Shares”) (the “Go Private Transaction”).

Under the terms of the arrangement agreement, holders of Common Shares will receive cash consideration per common share comprised of the Canadian-dollar equivalent of £4.15 (the “GBP Amount”), being the amount attributable to each Common Share from the anticipated proceeds to be received by the Company from the sale of CGWM UK (after taking into consideration certain reasonable assumptions and adjustments, including adjustments relating to debt and working capital, transaction costs and timing for closing, and tax impacts associated with the transaction (the “CGWM UK Sale”), plus $7.45 attributable to the Company’s remaining business. The GBP Amount will be converted into Canadian dollars at the applicable exchange rate at closing and, accordingly, the aggregate Canadian-dollar consideration payable per common share will fluctuate with the GBP/CAD exchange rate until closing of the Go Private Transaction. Holders of the Series C Preferred Shares will receive $25.30 per share in cash, plus accrued and unpaid dividends.

The completion of the Go Private Transaction is conditional on the completion of the CGWM UK Sale, but the CGWM UK Sale is not contingent on the completion of the Go Private Transaction and is intended to proceed regardless of the completion of the Go Private Transaction. The Go Private Transaction is not subject to a financing condition.

The Go Private Transaction was unanimously recommended by a Special Committee of independent directors and unanimously approved by the Board of Directors, with Mr. Daviau abstaining. The Go Private Transaction will be implemented by way of a statutory plan of arrangement under the Business Corporations Act (British Columbia) and is subject to approval by holders of Common Shares and Series C Preferred Shares, including majority-of-the-minority approval under MI 61-101, approval of the Supreme Court of British Columbia, completion of the CGWM UK Sale, regulatory approvals and other customary closing conditions. The Go Private transaction is expected to close in the first half of calendar 2027.

Results for the Second Quarter of Fiscal 2027 were impacted by the following significant items:

• Fair value adjustment of the non-controlling interest derivative liability
• Fair value adjustment of convertible debentures derivative liability
• Fair value adjustment of a CGWM UK management incentive plan
• Fair value adjustment of contingent consideration
• Fair value adjustments on certain warrants and illiquid or restricted marketable securities recorded for IFRS reporting purposes in prior periods net of adjustments recorded in the current period, but which are excluded for management reporting purposes and are not used by management to assess operating performance
• Amortization of intangible assets acquired in connection with business combinations
• Certain incentive-based costs related to acquisitions in US and UK capital markets and CGWM UK
• Certain components of the non-controlling interest expense associated with CGWM UK

Summary of Results for Q2 and YTD Fiscal 2027 and Selected Financial Information Excluding Significant Items⁽¹⁾ 

Financial Condition

Common and Preferred Share Dividends

On November 15, 2026, the Board of Directors approved a dividend of $0.10 per common share, payable on December 10, 2026, with a record date of November 27, 2026.  

On November 15, 2026, the Board approved a cash dividend of $0.42731 per Series C Preferred Share payable on December 31, 2026, to Series C Preferred shareholders of record as at December 18, 2026.  

Non-IFRS Measures

Certain non-IFRS measures, non-IFRS ratios and supplementary financial measures are utilized by the Company as measures of financial performance. Non-IFRS measures, non-IFRS ratios and supplementary financial measures do not have any standardized meaning prescribed by IFRS and are therefore unlikely to be comparable to similar measures presented by other companies.

Management believes that these non-IFRS measures, non-IFRS ratios and supplementary financial measures allow for a better evaluation of the operating performance of the Company’s business and facilitate meaningful comparison of results in the current period to those in prior periods and future periods. Non-IFRS measures presented in this earnings release include certain figures from our statement of operations that are adjusted to exclude significant items. Although figures that exclude significant items provide useful information by excluding certain items that may not be indicative of the Company’s core operating results, a limitation of utilizing these figures that exclude significant items is that the IFRS accounting effects of these items do in fact reflect the underlying financial results of the Company’s business. Accordingly, these effects should not be ignored in evaluating and analyzing the Company’s financial results. Therefore, management believes that the Company’s IFRS measures of financial performance and the respective non-IFRS measures should be considered together.

Non-IFRS Measures (Adjusted Figures)

Figures that exclude significant items provide useful information by excluding certain items that may not be indicative of the Company’s core operating results. Financial statement items that exclude significant items are non-IFRS measures. To calculate these non-IFRS financial statement items, we exclude certain items from our financial results prepared in accordance with IFRS. The items which have been excluded are referred to herein as significant items. The following is a description of the composition of the non-IFRS measures used in this earnings release (note that some significant items excluded may not be applicable to the calculation of the non-IFRS measure for each comparative period): (i) revenue excluding significant items, which is revenue per IFRS excluding any applicable fair value adjustments on certain illiquid or restricted marketable securities, warrants and options as recorded for IFRS reporting purposes but which are excluded for management reporting purposes and are not used by management to assess operating performance; (ii) expenses excluding significant items are expenses per IFRS less any applicable amortization of intangible assets acquired in connection with a business combination, certain incentive-based costs related to the acquisitions and growth initiatives of Canaccord Genuity Wealth Management in the UK and Crown Dependencies (“CGWM UK”) and the US and UK capital markets divisions, fair value adjustments to the derivative liability component of non-controlling interests in CGWM UK, and fair value adjustments to the derivative liability component related to the convertible debentures; (iii) overhead expenses excluding significant items, which are calculated as expenses excluding significant items less compensation expense; (iv) net income before taxes after intersegment allocations and excluding significant items, which is composed of revenue excluding significant items less expenses excluding significant items; (v) income taxes (adjusted), which is composed of income taxes per IFRS adjusted to reflect the associated tax effect of the excluded significant items, and also excludes the impairment of deferred tax assets in the US capital markets business; (vi) net income excluding significant items, which is net income before income taxes excluding significant items less income taxes (adjusted); (vii) non-controlling interests (adjusted), which is composed of the non-controlling interests per IFRS less the amortization of the equity component of the non-controlling interests in CGWM UK and adjusted as applicable under the treasury stock method when dilutive; (viii) net income attributable to common shareholders excluding significant items, which is net income excluding significant items less non-controlling interests (adjusted) and preferred share dividends paid on the Series A and Series C Preferred Shares.  Other non-IFRS measures include earnings before income taxes, interest, depreciation and amortization (EBITDA), which is net income before taxes excluding significant items and also excludes certain corporate interest revenue and corporate interest expense, depreciation and amortization and normalized EBITDA which is EBITDA excluding certain expenses of a specialized or non-recurring nature.  EBITDA does not exclude right of use assets amortization and lease interest expense. The respective figures as described in this paragraph for the Company’s operating divisions are determined as described herein and are non-IFRS measures.

A reconciliation of non-IFRS measures that exclude significant items to the applicable IFRS measures from the unaudited interim condensed consolidated financial statements for the second quarter of fiscal 2027 can be found in the table on page 4 entitled “Summary of results for Q2 fiscal 2027 and selected financial information excluding significant items”.

Non-IFRS Ratios

Non-IFRS ratios are calculated using the non-IFRS measures defined above. For the periods presented herein, we have used the following non-IFRS ratios: (i) total expenses excluding significant items as a percentage of revenue, which is calculated by dividing expenses excluding significant items by revenue excluding significant items; (ii) earnings per common share excluding significant items, which is calculated by dividing net income attributable to common shareholders excluding significant items by the weighted average number of common shares outstanding (basic); (iii) diluted earnings per common share excluding significant items which is calculated by dividing net income attributable to common shareholders excluding significant items  by the weighted average number of common shares outstanding (diluted); and (iv) pre-tax profit margin which is calculated by dividing net income before taxes excluding significant items by revenue excluding significant items.

Supplementary Financial Measures

Client assets are supplementary financial measures that do not have any definitions prescribed under IFRS but do not meet the definition of a non-IFRS measure or non-IFRS ratio.  Client assets, which include both assets under management (AUM) and assets under administration (AUA), is a measure that is common to the wealth management business. Client assets are the market value of client assets managed and administered by the Company from which the Company earns commissions and fees.  This measure includes funds held in client accounts as well as the aggregate market value of long and short security positions. The Company’s method of calculating client assets may differ from the methods used by other companies, and therefore these measures may not be comparable to other companies. Management uses these measures to assess operational performance of the Canaccord Genuity Wealth Management business segment.

CANCELLATION OF QUARTERLY CONFERENCE CALL

In light of Canaccord Genuity Group Inc.’s entry into the transaction agreements described above, the Company’s second quarter fiscal 2027 conference call previously scheduled for 8:00 am ET, Tuesday, November 17, 2026, is cancelled. Additionally, the Company will not provide any further guidance with respect to its 2027 fiscal year.

ABOUT CANACCORD GENUITY GROUP INC

Through its principal subsidiaries, Canaccord Genuity Group Inc. (the Company) is a leading independent, full-service financial services firm, with operations in two principal segments of the securities industry: wealth management and capital markets.  Since its establishment in 1950, the Company has been driven by an unwavering commitment to building lasting client relationships. We achieve this by generating value for our individual, institutional and corporate clients through comprehensive investment solutions, brokerage services and investment banking services. The Company has wealth management offices located in Canada, the UK, Guernsey, Jersey, the Isle of Man and Australia. The Company’s international capital markets division operates in North America, the UK & Europe, Asia, and Australia.

Canaccord Genuity Group Inc. is listed under the symbol CF on the TSX.

CAUTION REGARDING FORWARD-LOOKING STATEMENTS

This earnings release may contain “forward-looking information” as defined under applicable securities laws (“forward-looking statements”). These statements relate to future events or future performance and reflect the Company’s expectations, beliefs, plans, estimates, intentions and similar statements concerning anticipated future events, results, circumstances, performance or expectations that are not historical facts, including statements related to the Company’s objectives, strategies, business prospects and opportunities including ongoing discussions and assessments of potential strategic opportunities involving the Company’s UK Wealth Management business.

In some cases, forward-looking statements can be identified by terminology such as “may”, “will”, “should”, “expect”, “plan”, “anticipate”, “believe”, “estimate”, “predict”, “potential”, “continue”, “target”, “intend”, “could” or the negative of these terms or other comparable terminology. By their very nature, forward-looking statements involve inherent risks and uncertainties, both general and specific, and a number of factors could cause actual events or results to differ materially from the results discussed in the forward-looking statements. Such forward-looking statements are based on management’s current expectations, estimates and assumptions, including, without limitation, assumptions regarding the future financial performance of UKWM, the interests of the Company’s strategic and financial minority partner in UKWM, the market for wealth management firms in the UK and general and industry economic and market conditions. Although the forward-looking statements contained in this earnings release are based upon assumptions that management believes are reasonable, there can be no assurance that actual results will be consistent with these forward-looking statements.

In evaluating these statements, readers should specifically consider various factors that may cause actual results to differ materially from any forward-looking statement. These factors include, but are not limited to, market and general economic conditions; the dynamic nature of the financial services industry; inflationary pressures; credit, market, liquidity, strategic, insurance, operational, reputation, conduct and legal, regulatory and environmental risk; currency value and interest rate fluctuations, including as a result of market and oil price volatility; the effectiveness and adequacy of our risk management and valuation models and processes; legislative or regulatory developments in the jurisdictions where we operate; climate change and other Environmental, Social and Governance (ESG) related risks; and the impact and market disruption arising from global tariffs, including potential ongoing effects on economic growth, inflationary pressures and geopolitical stability and the risks and uncertainties discussed from time to time in the Company’s interim condensed and annual consolidated financial statements, its annual report and its annual information form (“AIF”) filed on www.sedarplus.ca as well as the factors discussed in the sections entitled “Risk Management” and “Risk Factors” in the AIF, which include market, liquidity, credit, operational, legal and regulatory risks.

The forward-looking statements contained in this earnings release are made as of the date of this earnings release and should not be relied upon as representing the Company’s views as of any date subsequent to the date of this earnings release. Except as may be required by applicable law, the Company does not undertake, and specifically disclaims, any obligation to update or revise any forward-looking statements, whether as a result of new information, further developments or otherwise.

SOURCE Canaccord Genuity Group Inc.