The Toronto Symphony Orchestra has announced that the end of the 2025 fiscal year saw a surplus.

The news was announced at its Annual General Meeting and said that the 2025 fiscal year ended with a surplus of just under $60,000, bringing its accumulated surplus to more than $925,000.

The orchestra has reported a surplus in every year of the last decade except for fiscal year 2020. The achievement is attributed to a combination of careful financial management, record-breaking ticket sales, and the generosity of donors, government, corporate partners, foundations, subscribers, and patrons.

In a statement said Tom Smee in his AGM message said, “In my first year as TSO Board Chair, the word that best describes my experience is connection to see how connected the musicians and Music Director Gustavo Gimeno are to each other and the inspiring music they create for us; how connected our TSO community is with this orchestra; how connected the TSO is with the city of Toronto; and how music has the power to connect us all season long by creating emotional experiences that take us beyond ourselves.”

Among the highlights for the 2024-25 season were the Toronto Symphony’s third annual Open House & Free Concert which broke attendance record, three Relaxed Performances, and a partnership with Sistema Toronto.