08:07 AM EST, 02/20/2026 (MT Newswires) -- Onex ( ONEXF ) on Friday reported that it swung to net earnings in the fourth quarter.

The company posted fourth-quarter net earnings of US$181 million or net earnings per diluted share of US$2.64 per share, compared to net loss of US$2 million or net loss per diluted share of US$0.02 per share in the corresponding year-ago quarter.

"The acquisition of Convex and partnership with AIG is a pivotal moment in Onex ( ONEXF )' evolution that meaningfully enhances our growth prospects," said Bobby Le Blanc, chief executive officer. "We are very pleased with Convex' performance in 2025 and see considerable upside ahead as the business continues to grow into its cost structure and leverage its best-in-class underwriting talent, advanced technology platform and low-cost operating model to drive industry-leading growth and profitability."

Onex ( ONEXF ) released supplemental financial information for Convex Group Limited and said that Convex generated "record annual results" including US$711 million in net income.

The company also said that the board of directors has declared a first quarter dividend of C$0.10 per subordinate voting share, unchanged from the prior quarter. It is payable on April 30, 2026, to shareholders of record on April 10, 2026.

"We continue to see positive results across Onex ( ONEXF )," added Le Blanc. "Our private equity and credit asset management platforms collectively raised more than (US)$8 billion in new capital in 2025. With our acquisition of Convex, our new strategic relationship with AIG, and the growing profitability of our asset management business, we have significant momentum heading into the new year and are looking to 2026 and beyond with confidence and excitement."