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AGF Management B NV (TSE:AGF.B)
TSX:AGF.B
Earnings Data
Report Date
Jun 25, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
0.4Last Year’s EPS
0.35Same Quarter Last Year
Moderate Buy
Based on 6 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Apr 08, 2025
|% Change Since: 2.31%
|Next Earnings Date:Jun 25, 2025
Earnings Call Sentiment|Positive
The earnings call reflects a strong performance for AGF Management Limited in Q1 2025 with significant growth in AUM and fee earning assets, strong net sales in retail mutual funds, and a successful launch of new products. Despite some challenges with a decline in certain AUM categories and lower year-over-year adjusted EBITDA, the company maintains a solid financial position and continues to deliver shareholder value through dividend increases.Company Guidance
In the Q1 2025 earnings call for AGF Management Limited, several key financial metrics and strategic updates were shared. The firm reported a strong quarter despite market volatility, with assets under management (AUM) and fee-earning assets rising to $53.8 billion, marking a 20% year-over-year increase. Retail mutual fund net sales were $342 million, significantly outperforming the Canadian mutual fund industry's growth. AGF's adjusted diluted earnings per share stood at $0.48, supported by $403 million in short and long-term investments, net debt of $52 million, and $161 million available on their credit facility. The Board declared a 9% increase in the quarterly dividend to $0.125 per share, marking the fifth consecutive year of dividend increases. The mutual fund AUM grew by 19% to $31 billion, and the ETF and SMA AUM surged by 74% to $2.9 billion. While the segregated accounts and sub-advisory AUM decreased by 9%, private wealth AUM increased by 10% to $8.6 billion. AGF Capital Partners' AUM and fee-earning assets rose by $2.5 billion due to the Kensington transaction. The firm also highlighted the launch of two new alternative products, which are designed to provide lower volatility amid uncertain market conditions. Adjusted EBITDA for the quarter was $48 million, driven by increased net revenues and reduced SG&A expenses. The company remains focused on strategic growth, disciplined expense management, and opportunistic capital allocation, as indicated by their strong cash flow and share buyback activities.AUM and Fee Earning Assets Surge
Assets under management (AUM) and fee earning assets reached $53.8 billion at the end of Q1 2025, marking a 20% increase from the previous year.
Strong Net Sales in Retail Mutual Funds
The retail mutual fund business reported net sales of $342 million, significantly outpacing the Canadian mutual fund industry.
FundGrade A+ Awards
Three AGF investment funds received FundGrade A+ Awards for outstanding risk-adjusted performance.
Introduction of New Products
Launched two new alternative products: AGF NHC Tactical Alpha Fund and AGF Enhanced U.S. Income Plus Fund, aiming to provide lower volatility in the current market environment.
Dividend Increase
Declared a $0.125 per share dividend for Q1 2025, which is a 9% increase and marks the fifth consecutive year of dividend growth.
ETF and SMA AUM Growth
ETF and SMA AUM increased by 74% year-over-year to $2.9 billion.
Positive Liquid Alternative Product Performance
The U.S. listed market neutral anti-beta ETF produced a 20% return during a market downturn, showcasing strong performance of liquid alternatives.
Solid Financial Position and Flexibility
Reported adjusted diluted EPS of $0.48 and maintained $403 million in short and long-term investments with $161 million available on the credit facility.
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TSE:AGF.B Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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TSE:AGF.B Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Apr 08, 2025 | C$9.09 | C$9.21 | +1.32% |
| Jan 22, 2025 | C$10.92 | C$11.20 | +2.56% |
| Sep 25, 2024 | C$8.41 | C$8.12 | -3.45% |
| Jun 26, 2024 | C$8.40 | C$7.69 | -8.45% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does AGF Management B NV (TSE:AGF.B) report earnings?
AGF Management B NV (TSE:AGF.B) is schdueled to report earning on Jun 25, 2025, TBA Not Confirmed.
What is AGF Management B NV (TSE:AGF.B) earnings time?
AGF Management B NV (TSE:AGF.B) earnings time is at Jun 25, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is TSE:AGF.B EPS forecast?
TSE:AGF.B EPS forecast for the fiscal quarter 2025 (Q2) is 0.4.
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