Company: STGW
Filing Date: 2025-03-11
Form Type: 10-K
Source: 0000876883-25-000009
Chunk: 97

Company: Stagwell Inc
Filing Date: 2025-03-11
Form: 10-K
Item: Item 8
Chunk 97
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4,975)(95,345)542 (83,643)Income before income taxes and equity in earnings of non-consolidated affiliates37,723 91,069 75,585 Income tax expense13,182 40,557 25,462 Income before equity in earnings of non-consolidated affiliates24,541 50,512 50,123 Equity in income (loss) of non-consolidated affiliates503 (8,870)(79)Net income25,044 41,642 50,044 Net income attributable to noncontrolling and redeemable noncontrolling interests(22,785)(41,508)(30,125)Net income attributable to Stagwell Inc. common shareholders$2,259 $134 $19,919 Earnings Per Common Share:   Basic$0.02 $— $0.16    Diluted$0.02 $— $0.12 Weighted Average Number of Common Shares Outstanding:   Basic 110,890 117,259 124,262    Diluted115,752 122,170 296,596 

See Notes to the Audited Consolidated Financial Statements.

56

 STAGWELL INC. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS)

(amounts in thousands)

 Year Ended December 31, 202420232022COMPREHENSIVE INCOME (LOSS)Net income$25,044 $41,642 $50,044 Other comprehensive income (loss) - Foreign currency translation adjustment(27,699)7,996 (37,773)Other comprehensive income - Benefit plan adjustment, net of tax1,424 338 4,088 Comprehensive income (loss) for the period(1,231)49,976 16,359 Comprehensive income attributable to the noncontrolling and redeemable noncontrolling interests(7,216)(47,431)(6,640)Comprehensive income (loss) attributable to Stagwell Inc. common shareholders$(8,447)$2,545 $9,719 

See Notes to the Audited Consolidated Financial Statements.

57

STAGWELL INC. AND SUBSIDIARIES

CONSOLIDATED BALANCE SHEETS

(amounts in thousands)

 December 31,2024December 31,2023