AGF Management Reports Q3 Profit Decline Despite Revenue Increase

The investment manager sees early signs of improvement amid economic uncertainty and market volatility.

AGF Management's net income attributable to equity owners fell to $20.3 million, down from $23.0 million in the same quarter last year.
The company reported a profit of 30 cents per diluted share, compared to 34 cents per diluted share a year earlier.
Total net revenue for the quarter rose to $102.0 million, up from $84.0 million in the previous year.
Adjusted earnings per diluted share increased to 37 cents, up from 34 cents a year ago.
Total assets under management and fee-earning assets grew to $49.7 billion as of August 31, 2024, from $42.3 billion a year earlier.