07:49 AM EDT, 05/09/2025 (MT Newswires) -- Onex ( ONEXF ) on Friday said first-quarter net earnings jumped on higher investment returns.

The company reported that net earnings increased to US$168 million, or US$2.36 per diluted share, from US$10 million, or US$0.13 per share, in the prior year period.

Onex's ( ONEXF ) investment and asset management segments reported net earnings of US$148 million, or US$2.05 per share, up from $28 million, or US$0.33 per share, for the same period last year.

The company will pay a quarterly dividend of C$0.10 per share, on July 31.

"Onex ( ONEXF ) continues to make progress and is benefitting from recent operational enhancements and a focus on areas where we have a proven right to compete," said Chief Executive Officer Bobby Le Blanc. "Our Private Equity and Credit teams have raised an aggregate of $2.5 billion in fee-generating capital since the start of the year, and our teams continue to advance their near- and long-term value creation plans. Our debt-free balance sheet includes $1.6 billion of liquidity, providing additional security and flexibility, including for ongoing share repurchases."