Financials Great-West Lifeco Inc.

Equities

Market Closed - Toronto S.E. Other stock markets 07:17:52 11/03/26 am AEDT			5-day change	1st Jan Change
62.55 ^CAD	+1.33%		-1.26%	-7.59%

20/02	Great-West Lifeco Inc. - Special Call
19/02	Power Corporation of Canada Announces Chief Executive Officer Changes, Effective July 1, 2026	CI

Fiscal Period: December	2021	2022	2023	2024	2025	2026	2027	2028
Net sales ¹	64,417	44,662	41,629	39,797	43,976	40,903	42,666	44,275
Change	-	-30.67%	-6.79%	-4.4%	10.5%	-6.99%	4.31%	3.77%
EBITDA	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-
EBIT	4,323	4,082	4,299	-	-	-	-	-
Change	-	-5.57%	5.32%	-	-	-	-	-
Interest Paid ¹	-328	-398	-426	-402	-379	-364.5	-371	-411
Earnings before Tax (EBT) ¹	3,867	3,768	3,068	4,981	4,695	5,994	6,422	6,452
Change	-	-2.56%	-18.58%	62.35%	-5.74%	27.66%	7.15%	0.47%
Net income ¹	3,128	3,219	2,738	3,940	3,960	4,738	5,080	5,315
Change	-	2.91%	-14.94%	43.9%	0.51%	19.64%	7.22%	4.62%
Announcement Date	9/2/22	8/2/23	14/2/24	5/2/25	11/2/26	-	-	-

¹CAD in Million

Estimates

Fiscal Period: December	2021 Q1	2021 Q2	2021 Q3	2021 Q4	2022 Q1	2022 Q2	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1	2025 Q2	2025 Q3	2025 Q4	2026 Q1	2026 Q2	2026 Q3	2026 Q4	2027 Q1	2027 Q2	2027 Q3	2027 Q4
Net sales	12,117	-	-	18,122	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
EBITDA	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
EBIT	897	1,238	1,247	942	1,012	1,033	981	1,357	1,020	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change	-	38.06%	0.73%	-24.49%	7.48%	2.03%	-5.03%	38.33%	-24.83%	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Charge d'intérêts ¹	-	-	-	-	-	-	-	-	-	-	-	-	-100	-101	-98	-	-103	-101	-88	-87	-94.5	-95	-94	-94.5	-97	-99	-101	-102
Earnings before Tax (EBT) ¹	831	1,115	1,129	792	881	811	883	1,193	634	682	1,125	627	1,098	1,314	1,021	1,388	-	950	1,371	1,296	1,504	1,536	1,562	1,612	1,622	1,708	1,713	1,827
Change	-	34.18%	1.26%	-29.85%	11.24%	-7.95%	8.88%	35.11%	-46.86%	7.57%	64.96%	-44.27%	75.12%	19.67%	-22.3%	35.95%	-	-	44.32%	-5.47%	16.05%	2.15%	1.67%	3.23%	0.58%	5.32%	0.31%	6.63%
Net income ¹	707	784	872	765	770	735	688	1,026	595	498	905	740	960	1,005	859	1,116	860	894	1,158	1,048	1,181	1,207	1,232	1,272	1,314	1,383	1,390	1,482
Change	-	10.89%	11.22%	-12.27%	0.65%	-4.55%	-6.39%	49.13%	-42.01%	-16.3%	81.73%	-18.23%	29.73%	4.69%	-14.53%	29.92%	-22.94%	3.95%	29.53%	-9.5%	12.69%	2.22%	2.04%	3.29%	3.26%	5.29%	0.49%	6.61%
Announcement Date	5/5/21	3/8/21	3/11/21	9/2/22	4/5/22	3/8/22	2/11/22	8/2/23	9/5/23	8/8/23	8/11/23	14/2/24	1/5/24	6/8/24	6/11/24	5/2/25	7/5/25	5/8/25	5/11/25	11/2/26	-	-	-	-	-	-	-	-

¹CAD in Million

Estimates

Fiscal Period: December	2021	2022	2023	2024	2025	2026	2027	2028
Net Debt	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-
Announcement Date	9/2/22	8/2/23	14/2/24	5/2/25	11/2/26	-	-	-

Estimates

Fiscal Period: December	2020	2021	2022	2023	2024	2025
CAPEX ¹	-	-	-	-	-	-
Change	-	-	-	-	-	-
Free Cash Flow (FCF) ¹	-16,783	1,560	-10,099	-596.4	-5,238	-5,040
Change	-	109.3%	-747.3%	94.09%	-778.37%	3.79%
Announcement Date	10/2/21	9/2/22	8/2/23	14/2/24	5/2/25	11/2/26

¹CAD in Million

Estimates

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027	2028
Profitability
EBITDA Margin (%)	-	-	-	-	-	-	-	-	-
EBIT Margin (%)	-	6.71%	9.14%	10.33%	-	-	-	-	-
EBT Margin (%)	-	6%	8.44%	7.37%	12.52%	10.68%	14.65%	15.05%	14.57%
Net margin (%)	-	4.86%	7.21%	6.58%	9.9%	9%	11.58%	11.91%	12%
FCF margin (%)	-	-	-	-	-	-	-	-	-
FCF / Net Income (%)	-	-	-	-	-	-	-	-	-
Profitability
ROA	-	0.51%	0.48%	0.53%	0.52%	0.48%	1%	0.95%	1.3%
ROE	-	12.21%	11.45%	16.6%	13.98%	13.33%	18%	18.07%	15.66%
Financial Health
Leverage (Debt/EBITDA)	0.83x	1.2x	1.01x	0.34x	0.49x	0.63x	-	-	-
Debt / Free cash flow	-0.19x	3.18x	-0.48x	-4.35x	-0.92x	-1.15x	-	-	-
Capital Intensity
CAPEX / Current Assets (%)	-	1.51%	1.59%	-	-	-	-	-	-
CAPEX / EBITDA (%)	-	-	-	-	-	-	-	-	-
CAPEX / FCF (%)	-	-	-	-	-	-	-	-	-
Items per share
Cash flow per share ¹	-	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-	-
Dividend per Share ¹	-	1.804	1.96	2.08	2.22	2.44	2.675	2.887	3.161
Change	-	-	8.65%	6.12%	6.73%	9.91%	9.61%	7.94%	9.5%
Book Value Per Share ¹	-	24.71	26.6	24.26	27.17	28.07	30.35	32.89	33.75
Change	-	-	7.65%	-8.8%	12%	3.31%	8.12%	8.38%	2.6%
EPS ¹	-	3.36	3.452	2.94	4.21	4.26	5.264	5.693	4.97
Change	-	-	2.74%	-14.83%	43.2%	1.19%	23.57%	8.14%	-12.7%
Nbr of stocks (in thousands)	-	930,495	931,818	932,107	931,800	907,159	903,948	903,948	903,948
Announcement Date	-	9/2/22	8/2/23	14/2/24	5/2/25	11/2/26	-	-	-