11:57 AM EST, 02/21/2025 (MT Newswires) -- (Updates shares.)

Onex ( ONEXF ) on Friday said it swung to a fourth-quarter loss on weaker investment returns.

The private-equity company said it lost US$2 million, or US$0.02 per share, in the period compared to a year-ago profit of US$373 million, or US$4.81.

Private equity investments had net gains of US$11 million, down from US$250 million, the company said. Investments in credit strategies generated net gains of US$16 million, dropping from US$66 million.

Onex ( ONEXF ) said it had about US$8.3 billion of investing capital, or US$113.70 per diluted share, as of Dec. 31. Its investing capital per share returned 6% for 2024, or 15% in Canadian dollars.

The board declared a first-quarter dividend of US$0.10 per subordinate voting share, payable April 30 to shareholders of record on April 10.

"Shareholders continue to benefit from our strong balance sheet and liquidity position, and most recently through our substantial issuer bid," chief executive Bobby Le Blanc said.

Onex ( ONEXF ) shares were last seen down $3.05 to $107.07 on the Toronto Stock Exchange.

Price: 107.13, Change: -2.99, Percent Change: -2.72