logo
Sustainability at Sea: How DP World Is Charting a Green Future for Maritime Trade

Sustainability at Sea: How DP World Is Charting a Green Future for Maritime Trade

Associated Press13 hours ago

As the global maritime industry navigates the accelerating demands of sustainability, DP World is anchoring itself at the center of change. With a footprint spanning 74 countries and over 114,000 employees, our mission – to make trade flow – carries a critical mandate: it must flow sustainably.
At the heart of this transformation lies a bold but pragmatic approach to port and vessel decarbonization. Through the ' Our World, Our Future,' sustainability strategy, we are committed to decarbonizing our port terminals, logistics, and marine services by 2030. Achieving net-zero emission by 2050 is our north star. Through our work, DP World is proving that environmental leadership and operational resilience are not opposing forces, but powerful allies.
Electrification on the Front Lines of Port Decarbonization
In Vancouver, DP World's Centerm terminal stands as a national first by providing shore power – also known as 'cold ironing' – to docked vessels. There, container ships can shut down their auxiliary diesel engines and plug into the local electrical grid while berthed – cutting emissions by up to 80%. This is a model for how port electrification improves air quality for nearby communities while supporting long-term climate goals.
Centerm is not alone. Globally, our terminals are transitioning to electric cranes, yard equipment, and terminal tractors as part of our dedicated equipment electrification capital plane.
In the Dominican Republic, we became the first port operator in Latin America to develop a charging station for our electric truck fleet. The station is powered by 100% renewable energy and is used to charge our fleet of 20 fully electric internal transport vehicles (ITVs). Earlier this year, we celebrated a major sustainability milestone when the trucks traveled more than 740,000 kilometers - the equivalent of 18 zero-emission trips around the world – avoiding more than 2,400 tons of CO₂ equivalent emissions.
Around the world, we are proud to have achieved 100% renewable energy at our operations in Belgium, Brazil, Chile, Ecuador, Germany, the Netherlands, Serbia, and Dry Docks World in the UAE.
Internal carbon pricing now guides capital investments, ensuring environmental gains are paired with financial discipline.
Driving Emissions Down at Sea: Marine Services Innovation
While port operations evolve, DP World's marine fleet is transforming. With over 120 vessels handling 16,000+ port calls each year, this is where small efficiency gains yield massive emissions reductions.
We've introduced new ships that run on cleaner-burning methanol, upgraded vessels for greater efficiency, and improved routes to achieve measurable fuel savings. In 2023, we launched the first hybrid-electric ferry in the UK, Pioneer, which runs on a combination of traditional diesel fuel and electric battery power. A second hybrid-electric ferry, Liberte, came online in 2024. We're not betting on a single technology. From biofuels to hybrid propulsion systems, our Marine Services business is continuously testing pathways toward a low-carbon fleet.
Preparing for a Multi-Fuel Future
The transition to alternative fuels is not just about switching tanks; it's a system-wide overhaul. We're preparing for a landscape where methanol, ammonia, hydrogen, and liquified natural gas (LNG) coexist. This requires new infrastructure, established safety standards, and a workforce equipped for complexity.
Earlier this year, we successfully completed initial testing of a hydrogen fuel cell rubber-tired gantry (RTG) crane at the Port of Vancouver. RTG cranes are traditionally large consumers of diesel fuel, accounting for 50% of consumption in Vancouver alone. During testing, the hydrogen-powered system operated continuously for 16 hours, emitting only steam – in contrast to the 400 kg of CO₂ produced by a comparable diesel unit. On the heels of this success, we are conducting expansive field testing on the feasibility of electrifying our global RTG fleet.
DP World is also creating fueling networks and sustainable shipping routes in key hubs like Singapore and Europe. We established protocol on handling very cold fuels and transporting them seamlessly from storage to ship – ensuring safety and scalability for a clean marine fuel future.
We know this journey won't be linear. High costs and limited availability of green fuels like methanol and ammonia are current roadblocks. But through partnerships and policy advocacy, we're pushing to accelerate availability and affordability across our global network.
Collaboration: The Cornerstone of Global Progress
Progress at scale requires shared ambition. That's why DP World is an active member of initiatives like the Zero Emissions Port Alliance, the First Movers Coalition, and the Maersk McKinney Moller Center for Zero Carbon Shipping.
Through these partnerships, we're advocating for co-investment models, harmonized regulation, and infrastructure development that serves a broader vision: ports not just as gateways of commerce, but critical hubs in the world's renewable energy supply chain.
Visit 3BL Media to see more multimedia and stories from DP World

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Manitoba sees growth from interprovincial migration for 1st time since 2004
Manitoba sees growth from interprovincial migration for 1st time since 2004

Yahoo

time13 minutes ago

  • Yahoo

Manitoba sees growth from interprovincial migration for 1st time since 2004

More people moved to Manitoba from other parts of Canada than left during the first quarter of 2025 — a feat the province hasn't accomplished in a quarter since 2004. New data from Statistics Canada says the province benefited from interprovincial migration during the first three months of the year, gaining 106 more people from other provinces and territories than it lost to other jurisdictions. During that period, 4,352 people moved to Manitoba from elsewhere in Canada, while 4,246 people moved away. However, Manitoba's total population rose at its lowest quarterly rate since 2020, as a result of federal policies to curb immigration levels. The province had an estimated population of nearly 1.51 million as of April 1, according to Statistics Canada. Manitoba historically loses more people to interprovincial migration than it gains, but the population still consistently grows on an annual basis, mainly through immigration from other countries. There was a net loss of between 3,500 to 7,000 people annually for the first half of the 2010s, but that number began to grow in later years, aside from a pandemic blip that curtailed travel around the world. It was more than two years ago, in 2022-23, when Manitoba saw a net loss of more than 9,000 people — the highest deficit in decades. In 2024-25, the province lost 2,481 people to interprovincial migration, according to demographic estimates from the Manitoba government. The NDP government took partial credit for Manitoba's interprovincial net gain from the first three months of 2025. Labour and Immigration Minister Malaya Marcelino said the government has been focused on attracting skilled workers and reducing trade barriers. Marcelino said in a news release that Manitoba is a "welcoming province," attracting people because "our economy is strong and there are opportunities to build a good life." Last year, Premier Wab Kinew suggested his government was open to the possibility of tax credits or incentivizing economic development to counteract the province's long-term interprovincial exodus. Kinew said the government can "move the needle" by growing the economy, creating more jobs, maintaining a low cost of living and extolling the province's draws, such as its arts scene. Lower immigration slows growth While Manitoba saw an increase in migrants from other Canadian jurisdictions in early 2025, the province's population increased by 0.2 per cent — its lowest quarterly rate since 2020, when the COVID-19 pandemic depressed population growth. Manitoba saw a net gain of 2,749 migrants from other countries, which is down from the increase of nearly 4,200 reported in the last quarter of 2024. The lower immigration numbers reflect the federal government's decision in 2024 to clamp down on arrivals from other countries. Canada's population rose by 20,107 people from Jan. 1 to April 1, the smallest increase since the third quarter of 2020 and an increase so small that it amounted to 0.0 per cent growth, Statistics Canada said. Immigration still accounted for all of the national population growth, as there were 5,628 more deaths than births in Canada.

Prime Announces Voting Results of 2025 AGM
Prime Announces Voting Results of 2025 AGM

Yahoo

time14 minutes ago

  • Yahoo

Prime Announces Voting Results of 2025 AGM

VANCOUVER, British Columbia, June 19, 2025 (GLOBE NEWSWIRE) -- Prime Mining Corp. ('Prime' or the 'Company') (TSX: PRYM) (OTCQX: PRMNF) (Frankfurt: O4V3) announces that shareholder voting at the Company's Annual General and Special Meeting of shareholders held on June 19, 2025 (the 'Meeting') has resulted in the election of all the directors listed as nominees in management's information circular dated May 5, 2025 (the 'Circular'), as well as the approval of all matters presented. Summaries of the results of voting are provided below. Prime is focused on the exploration and development of its wholly owned Los Reyes gold-silver project in Sinaloa State, Mexico ('Los Reyes' or the 'Project'). Recent highlights include: Announcement that the Company is targeting the delivery of a Preliminary Economic Assessment ('PEA') reflecting a high return, high margin, low capital and long-life project at Los Reyes, based on drilling to the end of 2024 and extensive technical work completed to-date. The PEA is targeted for completion in Q3 2025. Cash balance of approximately $32.9 million as at June 17, 2025. In addition, the Company will shortly be publishing its third annual Environmental, Social and Corporate Governance report, which will be made available on its website, at: Meeting Results A total of 103,882,459 common shares were represented at the Meeting, representing 68.13% of the issued and outstanding common shares of the Company at the record date. Number of Directors Voting results for the resolution to set the number of directors to be elected at nine (9) are as follows: Votes For % For Votes Against % Against 103,219,008 99.36% 663,451 0.64% Election of Directors Voting results for the resolution approving the appointment of nominees are as follows: Nominee Votes For % For Votes Withheld % Withheld Murray John 98,399,590 96.05% 4,047,915 3.95% Scott Hicks 102,005,338 99.57% 442,167 0.43% Paul Sweeney 99,361,921 96.99% 3,085,584 3.01% Andrew Bowering 97,037,576 94.72% 5,409,929 5.28% Edie Hofmeister 79,134,692 77.24% 23,312,813 22.76% Marc Prefontaine 101,007,267 98.59% 1,440,238 1.41% Chantal Gosselin 101,118,850 98.70% 1,328,655 1.30% Kerry Sparkes 81,918,002 79.96% 20,529,503 20.04% Sunny Lowe 99,354,374 96.98% 3,093,131 3.02% Appointment of Auditors Voting results for the resolution to approve Davidson & Company LLP, Chartered Professional Accounts as auditor of the Company, and to authorize the directors to fix the remuneration are as follows: Votes For % For Votes Withheld % Withheld 100,914,857 97.14% 2,967,602 2.86% Revised Omnibus Incentive Plan Voting results for the resolution to approve adoption of a revised omnibus incentive plan, as further described in the Circular, are as follows: Votes For % For Votes Against % Against 97,926,055 95.59% 4,521,450 4.41% Unallocated Entitlements Under Omnibus Incentive Plan Voting results for the resolution to approve unallocated entitlements under the revised omnibus incentive plan, as further described in the Circular, are as follows: Votes For % For Votes Against % Against 89,794,404 87.65% 12,653,101 12.35% 2025 Outlook The Company plans to continue its success-based approach to exploration to further identify new prospective targets, expand the existing resource, and infill drilling. Additional work will include geological mapping and geochemical sampling to identify further discovery areas. On January 28, 2025, drilling was paused in response to a deterioration in the security situation in parts of Sinaloa, including the Los Reyes area. This pause is not currently expected to impact the Company's ability to drill a minimum 40,000m program over 12-months from the recommencement of drilling. Six drill rigs remain on site and drill contractors are on standby to resume drilling as soon as security improves. The Company will continue to work with local authorities to monitor the current situation. Planned fiscal 2025 exploration will focus on: Extending the high-grade Z-T Area shoots that remain open at depth, as well as along strike, both north and south. Expanding the known high-grade mineralization at Guadalupe East. Increasing the Central Area resource through additions southeast at Noche Buena and its connection to San Miguel East. Generative target drilling of high-grade intercepts at Las Primas, Fresnillo and Mariposa to further grow these emerging resources, as well as other target discovery areas to demonstrate the significant resource expansion potential at Los Reyes. Project activities are also planned to include: Preliminary Economic Assessment completion: Further refine metallurgical, geotechnical, mine planning and development parameters for project development, including process and underground mining optimization, infrastructure assessment and permitting requirements – targeting Q3 2025 completion. Community Engagement: Continue to engage with and support local ejidos (communities) through educational, community and environmental programming, access (road) improvements and infrastructure development. Prime continues to sponsor and benefit from a strong geologist intern program, supporting geology students from local colleges and universities. Figure 1 – Los Reyes Trends and Exploration TargetsAbout the Los Reyes Gold and Silver Project Los Reyes is a high-grade, low-sulphidation epithermal gold-silver project located in Sinaloa State, Mexico. On October 15, 2024, Prime announced an updated multi-million-ounce high-grade open pit and underground resource based on exploration drilling up to July 17, 2024. Since acquiring Los Reyes in 2019, Prime has spent more than $64 million on direct exploration activities and has completed over 221,000 metres of drilling to date. The Company is targeting the delivery of a PEA by the end of Q3, 2025 that will highlight a high return, high margin, low capital and long-life project at Los Reyes. October 15, 2024 Resource Statement1,2(based on a $1950/oz gold price, $25.24/oz silver price, economic-constrained estimate) Mining Methodand Process Class Tonnage(kt) Gold Grade (g/t) Gold Contained(koz) Silver Grade(g/t) Silver Contained(koz) Open Pit - Mill Indicated 24,657 1.13 899 35.7 28,261 Inferred 7,211 0.89 207 42.8 9,916 Underground Indicated 4,132 3.02 402 152.4 20,243 Inferred 4,055 2.10 273 78.6 10,247 Total Mill Indicated 28,789 1.41 1,301 52.4 48,504 Inferred 11,266 1.33 480 55.7 20,163 Open Pit - Heap Leach Indicated 20,254 0.29 190 8.4 5,492 Inferred 5,944 0.30 58 7.3 1,398 Total Indicated 49,042 0.95 1,491 34.2 53,995 Inferred 17,210 0.97 538 39.0 21,561 Open Pit Resource estimates are based on economically constrained open pits generated using the Hochbaum Pseudoflow algorithm in Datamine's Studio NPVS and the following optimization parameters (all dollar values are in US dollars): $1,950/ounce gold price and $25.24/ounce silver price. Mill recoveries of 95.6% and 81% for gold and silver, respectively. Heap leach recoveries of 73% and 25% for gold and silver, respectively. Pit slopes by area ranging from 42-47 degrees overall slope angle. 5% ore loss and 5% dilution factor applied to the 5 x 5 x 5m open pit resource block models. Mining costs of $2.00 per tonne of waste mined and $2.50 per tonne of ore mined. Milling costs of $16.81 per tonne processed. Heap Leach costs of $5.53 per tonne processed. G&A cost of $2.00 per tonne of material processed. 3% royalty costs and 1% selling costs were also applied. A 0.17 g/t gold only cutoff was applied to ex-pit processed material (which is above the heap-leaching NSR cutoff). Underground Resource estimates are based on economically constrained stopes generated using Datamine's Mineable Shape Optimizer (MSO) algorithm and the following optimization parameters (all dollar values are in US dollars): $1,950/ounce gold price and $25.24/ounce silver price. Mill recoveries of 95.6% and 81% for gold and silver, respectively. Mechanized cut and fill mining with a $60.00 per tonne cost. Diluted to a minimum 4m stope width with a 98% mining recovery. G&A cost of $4.00 per tonne of material processed. Milling costs of $16.81 per tonne processed. 3% royalty costs and 1% selling costs were also applied. Where mentioned, 'residual open pits' assumes that any underground stopes are backfilled with zero grade material at two-thirds of the original rock density. Economic-constrained open pits are then estimated with this mined-out, backfilled material in the open pit block selective mining unit ('SMU') model and assuming the resource parameters above. Mineral Resources are not Mineral Reserves (as that term is defined in the CIM Definition Standards) and do not have demonstrated economic viability. Refer to the Additional Notes section for further information. Drilling and geological interpretation suggests that the three known main deposit areas (Guadalupe, Central and Z-T) are larger than previously reported. Potential also exists for new discoveries where mineralized trends have been identified outside of the currently defined resource areas. Historic operating results indicate that an estimated 1 million ounces of gold and 60 million ounces of silver were recovered from five separate operations at Los Reyes between 1770 and 1990. Prior to Prime's acquisition, recent operators of Los Reyes had spent approximately US$20 million on exploration, engineering, and prefeasibility studies. QA/QC Protocols and Sampling Procedures Drill core at the Los Reyes project is drilled in predominantly HQ size (63.5 millimetres 'mm'), reducing to NQ (47.6 mm) when required. Drill core samples are generally 1.50 m long along the core axis with allowance for shorter or longer intervals if required to suit geological constraints. After logging intervals are identified to be sampled, the core is cut and one half is submitted for assay. Sample QA/QC measures include unmarked certified reference materials, blanks, and field duplicates as well as preparation duplicates are inserted into the sample sequence and make up approximately 8% of the samples submitted to the laboratory for each drill hole. Samples are picked up from the Project by the laboratory personnel and transported to their facilities in Durango or Hermosillo, Mexico, for sample preparation. Sample analysis is carried out by Bureau Veritas and ALS Labs, with fire assay, including over limits fire assay re-analysis, completed at their respective Hermosillo, Mexico laboratories and multi-element analysis completed in Vancouver, Canada. Drill core sample preparation includes fine crushing of the sample to at least 70% passing less than 2 mm, sample splitting using a riffle splitter, and pulverizing a 250 gram split to at least 85% passing 75 microns. Gold in diamond drill core is analyzed by fire assay and atomic absorption spectroscopy of a 30 g sample (code FA430 or Au-AA23). Multi-element chemistry is analyzed by 4-Acid digestion of a 0.25-gram sample split (code MA300 or ME-ICP61) with detection by an inductively coupled plasma emission spectrometer for a full suite of elements. Gold assay techniques FA430 and Au-AA23 have an upper detection limit of 10 g/t. Any sample that produces an over-limit gold value via the initial assay technique is sent for gravimetric finish via method FA-530 or Au-GRA21. Silver analyses by MA300 and ME-ICP61 have an upper limit of 200 g/t and 100 g/t, respectively. Samples with over-limit silver values are re-analyzed by fire assay with gravimetric finish FA530 or Au-GRA21. Both Bureau Veritas and ALS Labs are ISO/IEC accredited assay laboratories. Additional Notes Prime's MRE as of October 15, 2024 is classified in accordance with the Canadian Institute of Mining, Metallurgy and Petroleum ('CIM') 'CIM Definition Standards - For Mineral Resources and Mineral Reserves' adopted by the CIM Council (as amended, the 'CIM Definition Standards') and in accordance with the requirements of NI 43-101. Mineral resources are not mineral reserves and do not have demonstrated economic viability. Metres is represented by 'm'; 'etw' is Estimated True Width and is based on drill hole geometry or comparisons with other on-section drill holes; 'Au' refers to gold, and 'Ag' refers to silver; 'g/t' is grams per metric tonne; some figures may not sum due to rounding; Composite assay grades presented in summary tables are calculated using a Au grade minimum average of 0.20 g/t or 1.0 g/t as indicated in 'Au Cut-off' column of Summary Tables. Maximum internal waste included in any reported composite interval is 3.00 m. The 1.00 g/t Au cut-off is used to define higher-grade 'cores' within the lower-grade halo. Additional details are available in the associated Technical Report, filed on November 27, 2024. Qualified Person Scott Smith, Executive Vice President of Exploration, is a Qualified Person for the purposes of NI 43-101 and has reviewed and approved the technical content in this news release. About Prime Mining Prime is managed by an ideal mix of successful mining executives, strong capital markets personnel and experienced local operators all focused on unlocking the full potential of the Project. The Company has a well-planned capital structure with a strong management team and insider ownership. Prime is targeting a material resource expansion at Los Reyes through a combination of new generative area discoveries and growth, while also building on technical de-risking activities to support eventual project development. For further information, please visit or direct enquiries to: Scott HicksCEO & Director Indi GopinathanVP Capital Markets & Business Development Prime Mining Corp.710 – 1030 West Georgia BC V6E 2Y3 Canada+1(604) 238-1659info@ Cautionary Notes to U.S. Investors Concerning Resource EstimatesThis news release has been prepared in accordance with the requirements of the securities laws in effect in Canada, which differ from the requirements of the U.S. securities laws. In particular, and without limiting the generality of the foregoing, the terms 'mineral reserve', 'proven mineral reserve', 'probable mineral reserve', 'inferred mineral resources,' 'indicated mineral resources,' 'measured mineral resources' and 'mineral resources' used or referenced in this presentation are Canadian mineral disclosure terms as defined in accordance with NI 43-101 under the guidelines set out in the CIM Standards. The CIM Standards differ from the mineral property disclosure requirements of the U.S. Securities and Exchange Commission (the 'SEC') in Regulation S-K Subpart 1300 (the 'SEC Modernization Rules') under the U.S. Securities Act of 1933, as amended (the 'Securities Act'). As a foreign private issuer that is eligible to file reports with the SEC pursuant to the multijurisdictional disclosure system, the Company is not required to provide disclosure on its mineral properties under the SEC Modernization Rules and will continue to provide disclosure under NI 43-101 and the CIM Standards. Accordingly, the Company's disclosure of mineralization and other technical information may differ significantly from the information that would be disclosed had the Company prepared the information under the standards adopted under the SEC Modernization Rules. Forward Looking Information This news release contains certain 'forward-looking information' and 'forward-looking statements' within the meaning of Canadian securities legislation as may be amended from time to time, including, without limitation, statements regarding the perceived merit of the Company's properties, including additional exploration potential of Los Reyes, potential quantity and/or grade of minerals, the potential size of the mineralized zone, metallurgical recoveries, and the Company's exploration and development plans in Mexico. Forward-looking statements are statements that are not historical facts which address events, results, outcomes, or developments that the Company expects to occur. Forward-looking statements are based on the beliefs, estimates and opinions of the Company's management on the date the statements are made, and they involve several risks and uncertainties. Certain material assumptions regarding such forward-looking statements were made, including without limitation, assumptions regarding the price of gold, silver and copper; the accuracy of mineral resource estimations; that there will be no material adverse change affecting the Company or its properties; that all required approvals will be obtained, including concession renewals and permitting; that political and legal developments will be consistent with current expectations; that currency and exchange rates will be consistent with current levels; and that there will be no significant disruptions affecting the Company or its properties. Consequently, there can be no assurances that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Forward-looking statements involve significant known and unknown risks and uncertainties, which could cause actual results to differ materially from those anticipated. These risks include, but are not limited to: risks related to uncertainties inherent in the preparation of mineral resource estimates, including but not limited to changes to the cost assumptions, variations in quantity of mineralized material, grade or recovery rates, changes to geotechnical or hydrogeological considerations, failure of plant, equipment or processes, changes to availability of power or the power rates, ability to maintain social license, changes to interest or tax rates, changes in project parameters, delays and costs inherent to consulting and accommodating rights of local communities, environmental risks, title risks, including concession renewal, commodity price and exchange rate fluctuations, risks relating to COVID-19 and other future pandemics, delays in or failure to receive access agreements, on-going receipt of amended and/or operating permits, risks inherent in the estimation of mineral resources; and risks associated with executing the Company's objectives and strategies, including costs and expenses, physical access to the property, security risks, availability of contractors and skilled labour, as well as those risk factors discussed in the Company's most recently filed management's discussion and analysis, as well as its annual information form dated March 25, 2024, available on Except as required by the securities disclosure laws and regulations applicable to the Company, the Company undertakes no obligation to update these forward-looking statements if management's beliefs, estimates or opinions, or other factors, should change. A photo accompanying this announcement is available at in to access your portfolio

Where Will iA Financial Be in 10 Years?
Where Will iA Financial Be in 10 Years?

Yahoo

time36 minutes ago

  • Yahoo

Where Will iA Financial Be in 10 Years?

Written by Jitendra Parashar at The Motley Fool Canada The financial sector has been leading the charge on the TSX over the last year, with iA Financial (TSX:IAG) emerging as one of the sector's top performers. After surging 66% in the last 12 months, iA stock now trades around $142 per share and has a market cap of $13.2 billion. At this price, it offers a 2.5% annualized dividend yield. This solid performance might be a reflection of the company's growing asset base, strong earnings momentum, and a business that's executing well across its insurance and wealth management segments. But with IAG stock now priced near all-time highs, the question is whether the company can maintain its current growth trajectory over the next decade. Let's take a closer look at iA Financial stock's key fundamental growth drivers and explore where it could be a decade from now. One big reason for the recent climb in iA Financial stock could be the stable demand for its life and health insurance solutions, as well as its growing wealth management presence. Even on the economic front, things have been supportive for financial stocks. Despite market volatility and concerns over U.S. tariffs and global trade tensions, the Canadian economy has held up reasonably well. iA's exposure to both Canadian and U.S. markets has enabled it to benefit from improving vehicle inventory levels and consumer affordability in the U.S., while also riding the wave of recovery in Canada's wealth and insurance sectors. In fact, its assets under management and administration reached over $264 billion by the end of the first quarter of 2025, reflecting a 15% YoY (year-over-year) jump. That's been a big confidence booster for iA Financial investors. In the first quarter, the financial firm's core earnings grew 19% YoY to $2.91 per share, suggesting that the business isn't just coasting on investor optimism but is also delivering real results. iA Financial recorded gains across all three of its key segments, including insurance, wealth management, and U.S. operations. Its wealth management segment especially performed exceptionally well, with record segregated fund sales surging by 52% from a year ago to cross $1.9 billion. Meanwhile, iA's U.S. operations showed impressive growth last quarter, with the segment's individual insurance sales jumping 62% YoY. And due to its disciplined approach, the company's capital base remains strong with a solvency ratio of 132% and $1.4 billion in capital. At its latest investor event held in February, iA Financial laid out ambitious but achievable goals. Interestingly, the company is targeting over 10% annual growth in earnings per share and an over 17% return on equity by 2027. Also, it expects to keep generating over $650 million in organic capital this year alone, preparing for expansion through smart acquisitions and investments. With its strong balance sheet, consistent dividend, and clear growth roadmap, iA Financial stock looks like more than just a short-term win. If it keeps executing like this, the stock could be trading at a significantly higher level a decade from now – making today's price look like a big bargain. The post Where Will iA Financial Be in 10 Years? appeared first on The Motley Fool Canada. More reading Made in Canada: 5 Homegrown Stocks Ready for the 'Buy Local' Revolution [PREMIUM PICKS] Market Volatility Toolkit Best Canadian Stocks to Buy in 2025 Beginner Investors: 4 Top Canadian Stocks to Buy for 2025 5 Years From Now, You'll Probably Wish You Grabbed These Stocks Subscribe to Motley Fool Canada on YouTube Fool contributor Jitendra Parashar has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. 2025 Sign in to access your portfolio

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store