TORONTO, June 25, 2025 (GLOBE NEWSWIRE) — <\/p>\n
AGF Management Limited (AGF or the Company) (TSX: AGF.B) today announced financial results for the second quarter ended May 31, 2025.<\/p>\n
AGF reported total assets under management and fee-earning assets1<\/sup> of\u00a0$53.5 billion\u00a0compared to\u00a0$53.8 billion\u00a0as at February 28, 2025 and $47.8 billion as at May 31, 2024.<\/p>\n We remain focused and continue to deliver despite ongoing economic and political uncertainty, supported by a long-term perspective that has enabled us to stay resilient and strategically positioned for sustained growth across our three business lines, said Kevin McCreadie, Chief Executive Officer and Chief Investment Officer, AGF. As we look to the second half of the year, we are confident that our disciplined approach will allow us to respond to market shifts, deliver consistent results and drive long-term success.<\/p>\n AGFs mutual fund gross sales were $1,148 million for the quarter compared to $1,568 million in the previous quarter and $934 million in the prior year quarter. Retail mutual fund2<\/sup> net sales were $65 million compared to $342 million in the previous quarter and net redemptions of $112 million in the prior year quarter.<\/p>\n Through a challenging environment, we experienced our fourth consecutive quarter of positive retail mutual fund and mutual fund net sales outpacing the industry, said Judy Goldring, President and Head of Global Distribution, AGF. These results and our recent Wealth Professional Award for Mutual Fund Provider of the Year are a testament to our evolving and innovative product lineup as well as our dedication to delivering exceptional value to our clients.<\/p>\n Financial and Key Business Highlights: <\/strong><\/p>\n <\/p>\n <td style="text-align: right ; vertical-align: middle; vertical-<\/p>\n","protected":false},"excerpt":{"rendered":"TORONTO, June 25, 2025 (GLOBE NEWSWIRE) — \n Reported quarterly adjusted diluted earnings per share of $0.39Total assets under management and fee-earn","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[34],"tags":[],"class_list":["post-112553","post","type-post","status-publish","format-standard","hentry","category-releases-geral"],"acf":[],"_links":{"self":[{"href":"https:\/\/bluestudio.estadao.com.br\/agencia-de-comunicacao\/wp-json\/wp\/v2\/posts\/112553","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bluestudio.estadao.com.br\/agencia-de-comunicacao\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bluestudio.estadao.com.br\/agencia-de-comunicacao\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bluestudio.estadao.com.br\/agencia-de-comunicacao\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bluestudio.estadao.com.br\/agencia-de-comunicacao\/wp-json\/wp\/v2\/comments?post=112553"}],"version-history":[{"count":0,"href":"https:\/\/bluestudio.estadao.com.br\/agencia-de-comunicacao\/wp-json\/wp\/v2\/posts\/112553\/revisions"}],"wp:attachment":[{"href":"https:\/\/bluestudio.estadao.com.br\/agencia-de-comunicacao\/wp-json\/wp\/v2\/media?parent=112553"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bluestudio.estadao.com.br\/agencia-de-comunicacao\/wp-json\/wp\/v2\/categories?post=112553"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bluestudio.estadao.com.br\/agencia-de-comunicacao\/wp-json\/wp\/v2\/tags?post=112553"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}\n
\n 1<\/sup><\/td>\n Fee-earning assets represents assets in which AGF has carried interest ownership and earns recurring fees but does not have ownership interest in the managers.<\/td>\n<\/tr>\n \n 2<\/sup><\/td>\n Retail mutual fund net sales (redemptions) are calculated as reported mutual fund net sales (redemption) less non-recurring institutional net sales (redemptions) in excess of $5 million invested in our mutual funds.<\/td>\n<\/tr>\n \n \u00a0<\/td>\n \u00a0<\/td>\n<\/tr>\n<\/table>\n \n
\n
\n \u00a0<\/td>\n \u00a0<\/td>\n \u00a0<\/td>\n \u00a0<\/td>\n \u00a0<\/td>\n \u00a0<\/td>\n \u00a0<\/td>\n \u00a0<\/td>\n \u00a0<\/td>\n \u00a0<\/td>\n \u00a0<\/td>\n \u00a0<\/td>\n \u00a0<\/td>\n \u00a0<\/td>\n \u00a0<\/td>\n<\/tr>\n \n \u00a0<\/td>\n Three months ended<\/strong><\/td>\n Six months ended<\/strong><\/td>\n<\/tr>\n \n \u00a0<\/td>\n \u00a0<\/td>\n May 31,<\/strong><\/td>\n \u00a0<\/td>\n \u00a0<\/td>\n Feb. 28,<\/strong><\/td>\n \u00a0<\/td>\n \u00a0<\/td>\n May 31,<\/strong><\/td>\n \u00a0<\/td>\n \u00a0<\/td>\n May 31,<\/strong><\/td>\n \u00a0<\/td>\n \u00a0<\/td>\n May 31,<\/strong><\/td>\n<\/tr>\n \n (in millions of Canadian dollars, except per share data)<\/td>\n \u00a0<\/td>\n 2025<\/strong><\/td>\n \u00a0<\/td>\n \u00a0<\/td>\n 2025<\/strong><\/td>\n \u00a0<\/td>\n \u00a0<\/td>\n 2024<\/strong><\/td>\n \u00a0<\/td>\n \u00a0<\/td>\n 2025<\/strong><\/td>\n \u00a0<\/td>\n \u00a0<\/td>\n 2024<\/strong><\/td>\n<\/tr>\n \n \u00a0<\/td>\n \u00a0<\/td>\n \u00a0<\/td>\n \u00a0<\/td>\n \u00a0<\/td>\n \u00a0<\/td>\n \u00a0<\/td>\n \u00a0<\/td>\n \u00a0<\/td>\n \u00a0<\/td>\n \u00a0<\/td>\n \u00a0<\/td>\n \u00a0<\/td>\n \u00a0<\/td>\n \u00a0<\/td>\n<\/tr>\n \n Revenues<\/td>\n \u00a0<\/td>\n \u00a0<\/td>\n \u00a0<\/td>\n \u00a0<\/td>\n \u00a0<\/td>\n \u00a0<\/td>\n \u00a0<\/td>\n \u00a0<\/td>\n \u00a0<\/td>\n \u00a0<\/td>\n \u00a0<\/td>\n \u00a0<\/td>\n \u00a0<\/td>\n \u00a0<\/td>\n<\/tr>\n \n Management, advisory and administration fees<\/td>\n $<\/td>\n 119.5<\/td>\n \u00a0<\/td>\n $<\/td>\n 122.8<\/td>\n \u00a0<\/td>\n $<\/td>\n 116.4<\/td>\n \u00a0<\/td>\n $<\/td>\n 242.3<\/td>\n \u00a0<\/td>\n $<\/td>\n 225.0<\/td>\n<\/tr>\n \n Trailing commissions and investment advisory fees<\/td>\n \u00a0<\/td>\n (35.7)<\/td>\n \u00a0<\/td>\n \u00a0<\/td>\n (37.6)<\/td>\n \u00a0<\/td>\n \u00a0<\/td>\n (35.2)<\/td>\n \u00a0<\/td>\n \u00a0<\/td>\n (73.3)<\/td>\n \u00a0<\/td>\n \u00a0<\/td>\n (68.9)<\/td>\n<\/tr>\n \n Net management, advisory and administration fees3<\/sup><\/td>\n $<\/td>\n 83.8<\/td>\n \u00a0<\/td>\n $<\/td>\n 85.2<\/td>\n \u00a0<\/td>\n $<\/td>\n 81.2<\/td>\n \u00a0<\/td>\n $<\/td>\n 169.0<\/td>\n \u00a0<\/td>\n $<\/td>\n 156.1<\/td>\n<\/tr>\n \n Deferred sales charges<\/td>\n \u00a0<\/td>\n 1.0<\/td>\n \u00a0<\/td>\n \u00a0<\/td>\n 1.2<\/td>\n \u00a0<\/td>\n \u00a0<\/td>\n 1.9<\/td>\n \u00a0<\/td>\n \u00a0<\/td>\n 2.2<\/td>\n \u00a0<\/td>\n \u00a0<\/td>\n 3.9<\/td>\n<\/tr>\n \n Adjusted revenue from AGF Capital Partners3<\/sup><\/td>\n \u00a0<\/td>\n 14.6<\/td>\n \u00a0<\/td>\n \u00a0<\/td>\n 23.6<\/td>\n \u00a0<\/td>\n \u00a0<\/td>\n 12.0<\/td>\n \u00a0<\/td>\n \u00a0<\/td>\n 38.2<\/td>\n \u00a0<\/td>\n \u00a0<\/td>\n 36.4<\/td>\n<\/tr>\n \n Other revenue (loss)3<\/sup><\/td>\n \u00a0<\/td>\n (0.4)<\/td>\n \u00a0<\/td>\n \u00a0<\/td>\n 1.5<\/td>\n \u00a0<\/td>\n \u00a0<\/td>\n 1.9<\/td>\n \u00a0<\/td>\n \u00a0<\/td>\n 1.1<\/td>\n \u00a0<\/td>\n \u00a0<\/td>\n 3.6<\/td>\n<\/tr>\n \n Total adjusted net revenue3<\/sup><\/td>\n \u00a0<\/td>\n 99.0<\/td>\n \u00a0<\/td>\n \u00a0<\/td>\n 111.5<\/td>\n \u00a0<\/td>\n \u00a0<\/td>\n 97.0<\/td>\n \u00a0<\/td>\n \u00a0<\/td>\n 210.5<\/td>\n \u00a0<\/td>\n \u00a0<\/td>\n 200.0<\/td>\n<\/tr>\n \n \u00a0<\/td>\n \u00a0<\/td>\n \u00a0<\/td>\n \u00a0<\/td>\n \u00a0<\/td>\n \u00a0<\/td>\n \u00a0<\/td>\n \u00a0<\/td>\n \u00a0<\/td>\n \u00a0<\/td>\n \u00a0<\/td>\n \u00a0<\/td>\n \u00a0<\/td>\n \u00a0<\/td>\n \u00a0<\/td>\n<\/tr>\n \n Selling, general and administrative<\/td>\n \u00a0<\/td>\n 62.8<\/td>\n \u00a0<\/td>\n \u00a0<\/td>\n 67.8<\/td>\n \u00a0<\/td>\n \u00a0<\/td>\n 68.2<\/td>\n \u00a0<\/td>\n \u00a0<\/td>\n 130.6<\/td>\n \u00a0<\/td>\n \u00a0<\/td>\n 126.1<\/td>\n<\/tr>\n \n Adjusted selling, general and administrative3<\/sup><\/td>\n \u00a0<\/td>\n 59.5<\/td>\n \u00a0<\/td>\n \u00a0<\/td>\n 63.6<\/td>\n \u00a0<\/td>\n \u00a0<\/td>\n 60.0<\/td>\n \u00a0<\/td>\n \u00a0<\/td>\n 123.1<\/td>\n \u00a0<\/td>\n \u00a0<\/td>\n 113.5<\/td>\n<\/tr>\n \n \u00a0<\/td>\n \u00a0<\/td>\n \u00a0<\/td>\n \u00a0<\/td>\n \u00a0<\/td>\n \u00a0<\/td>\n \u00a0<\/td>\n \u00a0<\/td>\n \u00a0<\/td>\n \u00a0<\/td>\n \u00a0<\/td>\n \u00a0<\/td>\n \u00a0<\/td>\n \u00a0<\/td>\n \u00a0<\/td>\n<\/tr>\n \n EBITDA3<\/sup><\/td>\n \u00a0<\/td>\n 36.2<\/td>\n \u00a0<\/td>\n \u00a0<\/td>\n 44.2<\/td>\n \u00a0<\/td>\n \u00a0<\/td>\n 26.6<\/td>\n \u00a0<\/td>\n \u00a0<\/td>\n 80.4<\/td>\n \u00a0<\/td>\n \u00a0<\/td>\n 71.7<\/td>\n<\/tr>\n \n Adjusted EBITDA3<\/sup><\/td>\n \u00a0<\/td>\n 39.5<\/td>\n \u00a0<\/td>\n \u00a0<\/td>\n 47.9<\/td>\n \u00a0<\/td>\n \u00a0<\/td>\n 37.0<\/td>\n \u00a0<\/td>\n \u00a0<\/td>\n 87.4<\/td>\n \u00a0<\/td>\n \u00a0<\/td>\n 86.5<\/td>\n<\/tr>\n \n \u00a0<\/td>\n \u00a0<\/td>\n \u00a0<\/td>\n \u00a0<\/td>\n \u00a0<\/td>\n \u00a0<\/td>\n \u00a0<\/td>\n \u00a0<\/td>\n \u00a0<\/td>\n \u00a0<\/td>\n \u00a0<\/td>\n \u00a0<\/td>\n \u00a0<\/td>\n \u00a0<\/td>\n \u00a0<\/td>\n<\/tr>\n \n Net income – equity owners of the Company<\/td>\n \u00a0<\/td>\n 24.3<\/td>\n \u00a0<\/td>\n \u00a0<\/td>\n 30.9<\/td>\n \u00a0<\/td>\n \u00a0<\/td>\n 18.1<\/td>\n \u00a0<\/td>\n \u00a0<\/td>\n 55.2<\/td>\n \u00a0<\/td>\n \u00a0<\/td>\n 48.6<\/td>\n<\/tr>\n \n Adjusted net income – equity owners of the Company3<\/sup><\/td>\n \u00a0<\/td>\n 26.0<\/td>\n \u00a0<\/td>\n \u00a0<\/td>\n 32.1<\/td>\n \u00a0<\/td>\n \u00a0<\/td>\n 23.6<\/td>\n \u00a0<\/td>\n \u00a0<\/td>\n 58.1<\/td>\n \u00a0<\/td>\n \u00a0<\/td>\n 57.3<\/td>\n<\/tr>\n \n \u00a0<\/td>\n \u00a0<\/td>\n \u00a0<\/td>\n \u00a0<\/td>\n \u00a0<\/td>\n \u00a0<\/td>\n \u00a0<\/td>\n \u00a0<\/td>\n \u00a0<\/td>\n \u00a0<\/td>\n \u00a0<\/td>\n \u00a0<\/td>\n \u00a0<\/td>\n \u00a0<\/td>\n \u00a0<\/td>\n<\/tr>\n \n Diluted earnings per share<\/td>\n \u00a0<\/td>\n 0.36<\/td>\n \u00a0<\/td>\n \u00a0<\/td>\n 0.46<\/td>\n \u00a0<\/td>\n \u00a0<\/td>\n 0.27<\/td>\n \u00a0<\/td>\n \u00a0<\/td>\n 0.82<\/td>\n \u00a0<\/td>\n \u00a0<\/td>\n 0.73<\/td>\n<\/tr>\n \n \u00a0<\/td>\n \u00a0<\/td>\n \u00a0<\/td>\n \u00a0<\/td>\n \u00a0<\/td>\n \u00a0<\/td>\n \u00a0<\/td>\n \u00a0<\/td>\n \u00a0<\/td>\n \u00a0<\/td>\n \u00a0<\/td>\n \u00a0<\/td>\n \u00a0<\/td>\n \u00a0<\/td>\n \u00a0<\/td>\n<\/tr>\n \n Adjusted diluted earnings per share3<\/sup><\/td>\n \u00a0<\/td>\n 0.39<\/td>\n \u00a0<\/td>\n \u00a0<\/td>\n 0.48<\/td>\n \u00a0<\/td>\n \u00a0<\/td>\n 0.35<\/td>\n \u00a0<\/td>\n \u00a0<\/td>\n 0.87<\/td>\n \u00a0<\/td>\n \u00a0<\/td>\n 0.86<\/td>\n<\/tr>\n \n \u00a0<\/td>\n \u00a0<\/td>\n \u00a0<\/td>\n \u00a0<\/td>\n \u00a0<\/td>\n \u00a0<\/td>\n \u00a0<\/td>\n \u00a0<\/td>\n \u00a0<\/td>\n \u00a0<\/td>\n \u00a0<\/td>\n \u00a0<\/td>\n \u00a0<\/td>\n \u00a0<\/td>\n \u00a0<\/td>\n<\/tr>\n \n Free cash flow3<\/sup><\/td>\n \u00a0<\/td>\n 24.0<\/td>\n \u00a0<\/td>\n \u00a0<\/td>\n 31.6<\/td>\n \u00a0<\/td>\n \u00a0<\/td>\n 23.7<\/td>\n \u00a0<\/td>\n \u00a0<\/td>\n 55.6<\/td>\n \u00a0<\/td>\n \u00a0<\/td>\n 44.9<\/td>\n<\/tr>\n \n \u00a0<\/td>\n \u00a0<\/td>\n \u00a0<\/td>\n \u00a0<\/td>\n \u00a0<\/td>\n \u00a0<\/td>\n \u00a0<\/td>\n \u00a0<\/td>\n \u00a0<\/td>\n \u00a0<\/td>\n \u00a0<\/td>\n \u00a0<\/td>\n \u00a0<\/td>\n \u00a0<\/td>\n \u00a0<\/td>\n<\/tr>\n \n Dividends per share<\/td>\n \u00a0<\/td>\n 0.125<\/td>\n \u00a0<\/td>\n \u00a0<\/td>\n 0.115<\/td>\n \u00a0<\/td>\n \u00a0<\/td>\n 0.110<\/td>\n \u00a0<\/td>\n \u00a0<\/td>\n 0.365<\/td>\n \u00a0<\/td>\n \u00a0<\/td>\n 0.225<\/td>\n<\/tr>\n \n \u00a0<\/td>\n \u00a0<\/td>\n \u00a0<\/td>\n \u00a0<\/td>\n \u00a0<\/td>\n \u00a0<\/td>\n \u00a0<\/td>\n \u00a0<\/td>\n \u00a0<\/td>\n \u00a0<\/td>\n \u00a0<\/td>\n \u00a0<\/td>\n \u00a0<\/td>\n \u00a0<\/td>\n \u00a0<\/td>\n<\/tr>\n<\/table>\n \n
\n \u00a0<\/td>\n \u00a0<\/td>\n \u00a0<\/td>\n \u00a0<\/td>\n \u00a0<\/td>\n \u00a0<\/td>\n \u00a0<\/td>\n \u00a0<\/td>\n \u00a0<\/td>\n \u00a0<\/td>\n \u00a0<\/td>\n \u00a0<\/td>\n \u00a0<\/td>\n \u00a0<\/td>\n \u00a0<\/td>\n<\/tr>\n \n \u00a0<\/td>\n Three months ended<\/strong><\/td>\n<\/tr>\n \n \u00a0<\/td>\n \u00a0<\/td>\n May 31,<\/strong><\/td>\n \u00a0<\/td>\n \u00a0<\/td>\n Feb. 28,<\/strong><\/td>\n \u00a0<\/td>\n \u00a0<\/td>\n Nov. 30,<\/strong><\/td>\n \u00a0<\/td>\n \u00a0<\/td>\n Aug. 31,<\/strong><\/td>\n \u00a0<\/td>\n \u00a0<\/td>\n May 31,<\/strong><\/td>\n<\/tr>\n \n (in millions of Canadian dollars)<\/td>\n \u00a0<\/td>\n 2025<\/strong><\/td>\n \u00a0<\/td>\n \u00a0<\/td>\n 2025<\/strong><\/td>\n \u00a0<\/td>\n \u00a0<\/td>\n 2024<\/strong><\/td>\n \u00a0<\/td>\n \u00a0<\/td>\n 2024<\/strong><\/td>\n \u00a0<\/td>\n \u00a0<\/td>\n 2024<\/strong><\/td>\n<\/tr>\n \n \u00a0<\/td>\n \u00a0<\/td>\n \u00a0<\/td>\n \u00a0<\/td>\n \u00a0<\/td>\n \u00a0<\/td>\n \u00a0<\/td>\n \u00a0<\/td>\n \u00a0<\/td>\n \u00a0<\/td>\n \u00a0<\/td>\n \u00a0<\/td>\n \u00a0<\/td>\n \u00a0<\/td>\n \u00a0<\/td>\n<\/tr>\n \n Mutual fund assets under management (AUM)4<\/sup><\/td>\n $<\/td>\n 30,975<\/td>\n \u00a0<\/td>\n $<\/td>\n 31,167<\/td>\n \u00a0<\/td>\n $<\/td>\n 30,662<\/td>\n \u00a0<\/td>\n $<\/td>\n 28,104<\/td>\n \u00a0<\/td>\n $<\/td>\n 26,961<\/td>\n<\/tr>\n \n ETFs and SMA AUM<\/td>\n \u00a0<\/td>\n 2,771<\/td>\n \u00a0<\/td>\n \u00a0<\/td>\n 2,913<\/td>\n \u00a0<\/td>\n \u00a0<\/td>\n 2,537<\/td>\n \u00a0<\/td>\n