Private equity firm Onex reports US$181M fourth-quarter profit

The Onex Corp. logo is displayed at the company's annual general meeting in Toronto on Thursday. THE CANADIAN PRESS/Nathan Denette

TORONTO — Onex Corp. reported a fourth-quarter profit of US$181 million compared with a loss in the same quarter a year earlier.

The private equity firm, which keeps its books in U.S. dollars, says the profit amounted to US$2.64 per diluted share for the quarter ended Dec. 31.

The result compared with a loss of US$2 million or two cents US per diluted share in the fourth quarter of 2024.

Onex said it had about US$8.7 billion in investing capital at Dec. 31.

Earlier this month, 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.

Onex chief executive Bobby Le Blanc called the deal a “pivotal moment” for the company.

This report by The Canadian Press was first published Feb. 20, 2026.