Omnicom Group Inc. has released unaudited pro forma condensed combined financial statements for the nine months ended September 30, 2025, and for the year ended December 31, 2024. These statements reflect the company's pending acquisition of The Interpublic Group of Companies, Inc. (IPG).
The unaudited pro forma condensed combined financial statements have been prepared as if the merger had been completed on January 1, 2024. The pro forma condensed combined income statement for the year ended December 31, 2024, shows a significant increase in revenue, totaling $18.2 billion compared to Omnicom's actual revenue of $15.3 billion for the same period in 2024.
Additionally, the unaudited pro forma condensed combined balance sheet as of September 30, 2025, demonstrates a notable increase in total assets, amounting to $61.5 billion, compared to Omnicom's actual total assets of $36.8 billion as of the same date in 2025.
The unaudited pro forma condensed combined financial statements also indicate a substantial rise in net income for the nine months ended September 30, 2025. The pro forma net income stands at $1.9 billion, compared to Omnicom's actual net income of $1.1 billion for the same period in 2025.
The financial statements have been developed from the respective historical consolidated financial statements of both Omnicom and IPG and reflect transaction accounting adjustments related to the merger. The total purchase price will be allocated to the acquired tangible and intangible assets and assumed liabilities based on their fair values.
It's important to note that these unaudited pro forma condensed combined financial statements have been prepared using the acquisition method of accounting in accordance with U.S. generally accepted accounting principles, and are based on management's estimates as of November 26, 2025.
The completion of the merger is subject to customary closing conditions, including required regulatory approvals. Omnicom anticipates closing the merger by the close of business on November 26, 2025, and has received sufficient tenders and consents to consummate the exchange offers and consent solicitations related to IPG's outstanding senior notes.
This acquisition is expected to have a material impact on the combined company's future results of operations and financial position, as reflected in the unaudited pro forma condensed combined financial statements. Following these announcements, the company's shares moved -2.65%, and are now trading at a price of $72.85. For more information, read the company's full 8-K submission here.
