AGF Management Limited Reports Third Quarter 2025 Financial Results

Core Insights - AGF Management Limited reported strong financial results for Q3 2025, with total assets under management and fee-earning assets reaching $56.8 billion, an increase from $53.5 billion in Q2 2025 and $49.7 billion in Q3 2024 [1][8][19] Financial Performance - The company achieved adjusted diluted earnings per share of $0.46 for Q3 2025, up from $0.39 in Q2 2025 and $0.37 in Q3 2024 [8][11] - Net management, advisory, and administration fees for Q3 2025 were $88.8 million, compared to $83.8 million in Q2 2025 and $78.7 million in Q3 2024 [11] - Adjusted EBITDA for Q3 2025 was $46.2 million, an increase from $39.5 million in Q2 2025 and $40.2 million in the prior year [11] - The company declared a quarterly dividend of 12.5 cents per share [8] Sales and Assets - AGF's mutual fund gross sales for the quarter were $1,260 million, up from $1,148 million in the previous quarter and $1,012 million in the same quarter last year [2] - Retail mutual fund net sales were $262 million, significantly higher than $65 million in Q2 2025 and $19 million in Q3 2024 [2][12] - Total AGF Investments AUM reached $43.1 billion, while total AUM was $54.7 billion, reflecting growth from previous periods [12] Leadership Changes - Judy Goldring was appointed as the new CEO following the passing of Kevin McCreadie, bringing over 30 years of experience in the asset management industry [5] - Chris Jackson was appointed President & Chief Operating Officer, overseeing strategic plans and business priorities [9] Strategic Focus - The company emphasizes diversification across asset classes and client channels to navigate evolving market conditions [2] - AGF International Advisors Company Limited was accepted as a signatory to the UK Stewardship Code, indicating a commitment to best practices in investment stewardship [6]