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Earnings

AGF Management Limited Reports Fourth Quarter and Fiscal Year 2025 Financial Results

By The Northwire Desk — AI Analysis Jan 27, 2026 · 07:00 AGF · 17.14 None
AGF · Price

Executive Summary

  • AGF Management Limited reported Q4 2025 adjusted diluted EPS of $0.62 and declared a quarterly dividend of $0.125 per share.
  • Total assets under management and fee‑earning assets grew to $60.4 billion, up from $56.8 billion three months earlier.
  • Adjusted EBITDA for the quarter was $52.4 million (up 32% YoY) and adjusted net income rose 38% YoY to $41.2 million.

Key Details

  • Financial Performance
  • Adjusted diluted EPS: $0.62 (Q4 2025) vs. $0.45 (Q4 2024).
  • Adjusted EBITDA: $52.4 M (Q4 2025) vs. $39.6 M (Q4 2024).
  • Adjusted net income: $41.2 M (Q4 2025) vs. $29.8 M (Q4 2024).
  • Free cash flow: $31.5 M (Q4 2025) vs. $21.4 M (Q4 2024).
  • Assets & AUM
  • Total assets under management and fee‑earning assets: C$60.4 B, up from C$56.8 B three months prior and C$53.6 B a year earlier.
  • Mutual fund AUM (quarter end): C$34.984 B; total AGF Investments AUM: C$46.310 B.
  • Revenue Highlights
  • Net management, advisory & administration fees: $94.8 M (Q4 2025) vs. $83.6 M (Q4 2024).
  • Adjusted revenue from AGF Capital Partners: $22.4 M (Q4 2025) vs. $18.2 M (Q4 2024).
  • Dividends
  • Quarterly dividend declared: $0.125 per share (previously $0.115).
  • Leadership Changes
  • Judy Goldring appointed CEO (July 2025).
  • Chris Jackson named President & COO; David Stonehouse interim CIO.
  • Product Launches
  • AGF NHC Tactical Alpha Fund (absolute‑return strategy) launched by AGF Capital Partners.
  • AGF Enhanced U.S. Income Plus Fund (alternative mutual fund) launched by AGF Investments Inc.
  • Awards & Recognitions
  • Named one of Greater Toronto’s Top Employers 2026.
  • Multiple FundGrade A+® Awards and LSEG Lipper Fund Awards for various funds.
  • Conference Call
  • Earnings call scheduled for the same day at 11:00 a.m. ET; webcast available on AGF website.

Notable Quotes

“Over the last year, we demonstrated resilience and adaptability while remaining focused on execution… Our results reflect continued progress against our strategic priorities.” – Judy Goldring, CEO, AGF Management Limited.

Materiality Assessment: Material – Positive (Quarterly earnings release with significant improvements in EPS, EBITDA, AUM growth, and dividend increase.)

Read the original news release →

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