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

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.)
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Jun 24, 2026 · 07:00