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CGI INC

CIK: 1061574 Filed: December 17, 2025 40-F

Key Highlights

  • CGI INC's financial controls and reporting were confirmed effective by management and independent auditors (PricewaterhouseCoopers LLP) as of September 30, 2025, with no major changes during the year.
  • The company acquired Apside-Advance SAS (Apside) on August 28, 2025, which contributed 0.2% to total revenue and 1.8% to total assets for the fiscal year.
  • An Audit and Risk Management Committee, composed entirely of independent directors including financial experts, oversees the company's financial reporting and risks.
  • As of September 30, 2025, CGI INC had 195.9 million Class A subordinate voting shares and 24.1 million Class B multiple voting shares outstanding.

Financial Analysis

CGI INC Annual Report - How They Did This Year

This report covers CGI INC's business year, which wrapped up on September 30, 2025.

Keeping Things Tidy: Financial Controls and Reporting

CGI INC has strong systems in place to manage its finances and report them accurately. Both their management (including the CEO and CFO) and their independent auditors, PricewaterhouseCoopers LLP, confirmed that their disclosure controls and internal controls over financial reporting were working effectively as of September 30, 2025. This means investors can have confidence in the numbers they're seeing.

There haven't been any major changes to these internal controls during the year that would affect their reliability.

A New Addition: The Apside Acquisition

CGI INC made a new acquisition this year, bringing Apside-Advance SAS (Apside) into the family on August 28, 2025. Because this was a very recent purchase, Apside's internal controls weren't fully included in the assessment of CGI's overall controls for this fiscal year.

Apside contributed to CGI's business since the acquisition date:

  • It accounted for 0.2% of CGI's total revenue for the year ended September 30, 2025.
  • It represented 1.8% of CGI's total assets as of September 30, 2025.

Who's Watching the Books? The Audit Committee

CGI INC has an Audit and Risk Management Committee made up entirely of independent directors. These are individuals not involved in the day-to-day running of the company, ensuring unbiased oversight of the company's financial reporting and risks. Several members of this committee are considered "financial experts," adding another layer of confidence in their financial governance.

A Look at Ownership

As of September 30, 2025, there were approximately 195.9 million Class A subordinate voting shares and 24.1 million Class B multiple voting shares outstanding.

Key Takeaways for Investors:

  • Strong Financial Oversight: CGI INC's financial controls and reporting were confirmed effective by both management and independent auditors (PricewaterhouseCoopers LLP) as of September 30, 2025, with no major changes during the year.
  • Recent Acquisition: The company acquired Apside-Advance SAS (Apside) on August 28, 2025. Since the acquisition, Apside contributed 0.2% to total revenue and 1.8% to total assets for the fiscal year.
  • Independent Governance: An Audit and Risk Management Committee, composed entirely of independent directors including financial experts, oversees the company's financial reporting and risks.
  • Share Structure: As of September 30, 2025, CGI INC had 195.9 million Class A subordinate voting shares and 24.1 million Class B multiple voting shares outstanding.

Why This Matters

The confirmation of effective disclosure and internal controls by both CGI INC's management and independent auditors (PricewaterhouseCoopers LLP) is a cornerstone for investor confidence. It signals that the financial data presented is reliable and free from material misstatement, significantly reducing investment risk. This robust financial oversight, further reinforced by an independent Audit and Risk Management Committee comprising financial experts, assures shareholders of strong corporate governance and a commitment to transparency. For investors, this means greater peace of mind regarding the integrity of CGI INC's reported performance.

The recent acquisition of Apside-Advance SAS, while contributing modestly (0.2% to revenue, 1.8% to assets) in its initial partial fiscal year, highlights CGI INC's ongoing growth strategy. Investors should view this as a strategic move to expand capabilities or market presence, with its full impact yet to be realized. Monitoring Apside's integration and future performance will be crucial in evaluating the success of this expansion. Additionally, the detailed share structure provides insight into the company's ownership and control, which is important for understanding long-term corporate dynamics.

What Usually Happens Next

Following the release of this 40-F annual report, investors should anticipate CGI INC's upcoming quarterly filings (e.g., 6-K reports for foreign private issuers) which will provide more frequent updates on the company's financial performance and operational progress. These reports, along with earnings calls and investor presentations, will be crucial for gaining deeper insights into management's strategic priorities, future outlook, and any evolving market conditions. Investors should listen for management commentary on how the company plans to leverage its strong financial controls and integrate recent acquisitions.

A primary focus for investors in subsequent reports will be the continued integration and performance of the newly acquired Apside-Advance SAS. Look for an increasing contribution from Apside to CGI INC's total revenue and assets, signaling a successful acquisition and effective growth strategy. Furthermore, investors should monitor for any changes or updates regarding the company's internal controls over financial reporting, ensuring continued reliability. The market's reaction, including analyst updates and stock performance, will also provide an immediate gauge of how these annual results and strategic moves are perceived.

Financial Metrics

Apside Revenue Contribution 0.2% of CGI's total revenue
Apside Asset Contribution 1.8% of CGI's total assets
Class A Shares Outstanding 195.9 million
Class B Shares Outstanding 24.1 million

Learn More

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Document Information

Analysis Processed

December 23, 2025 at 04:13 AM

Important Disclaimer

This AI-generated analysis is for informational purposes only and does not constitute financial or investment advice. Always consult with qualified professionals and conduct your own research before making investment decisions.