The earnings call presented a mixed picture. While there were significant achievements such as strong new mandate activity and revenue growth in private markets, challenges included flat overall AUM, significant outflows in sub-advised assets, and declines in public market revenues. The sentiment is balanced with both positive and negative aspects noted.

Company Guidance

In the second quarter of 2025, Fiera Capital's assets under management (AUM) remained steady at $160.5 billion, despite challenging macroeconomic conditions and the impact of a weaker U.S. dollar. The company reported robust new mandates totaling $1.7 billion, with significant activity in equity strategies contributing to market gains. However, negative net contributions, particularly from lower-fee fixed-income strategies, offset these gains. Public market platforms experienced a slight decrease in AUM to $139.6 billion, while private market platforms saw a minor decline to $20.9 billion due to capital returns and income distribution. Notably, private markets generated 38% of total revenues while comprising only 13% of total AUM, highlighting their growing contribution to Fiera's financial performance. Financial results for the quarter included total revenues of $163 million, a slight decrease from the previous year, with adjusted EBITDA rising to $45.7 million, reflecting a margin of 28%. The company also issued $80 million of debentures to manage its debt structure, ending the quarter with a net debt of $712 million.

New Mandate Activity

Secured total new mandates of $1.4 billion during the quarter, marking the highest level of new mandate activity in over two years.

Strong Equity Strategy Performance

Canadian equity strategy had top-quartile performance year-to-date, beating its benchmark by 250 basis points.

Private Markets Revenue Growth

Base management fees in private markets increased by 8% year-over-year to $49 million for the quarter.

Adjusted EBITDA Improvement

Adjusted EBITDA for the quarter was $45.7 million, up 1% from the same quarter last year, with an adjusted EBITDA margin increase to 28%.

Private Market Deployment

Deployed $1.1 billion year-to-date in private markets with a robust pipeline of $1.3 billion committed undeployed capital.

Fiera Capital A (TSE:FSZ) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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TSE:FSZ Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Nov 06, 2025	2025 (Q3)	0.21 / -	0.25	―	―	―
Aug 08, 2025	2025 (Q2)	0.19 / 0.24	0.23	4.35% (<+0.01)	―	―
May 09, 2025	2025 (Q1)	0.21 / 0.20	0.24	-16.67% (-0.04)	―	―
Feb 26, 2025	2024 (Q4)	0.38 / 0.21	0.37	-43.24% (-0.16)	―	―
Nov 07, 2024	2024 (Q3)	0.22 / 0.25	0.18	38.89% (+0.07)	―	―
Aug 07, 2024	2024 (Q2)	0.21 / 0.23	0.24	-4.17% (>-0.01)	―	―
May 08, 2024	2024 (Q1)	0.20 / 0.24	0.23	4.35% (<+0.01)	―	―
Feb 28, 2024	2023 (Q4)	0.28 / 0.37	0.32	15.62% (+0.05)	―	―
Nov 08, 2023	2023 (Q3)	0.22 / 0.18	0.23	-21.74% (-0.05)	―	―
Aug 10, 2023	2023 (Q2)	0.24 / 0.24	0.3	-20.00% (-0.06)	―	―

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

TSE:FSZ Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Aug 08, 2025	C$6.51	C$6.46	-0.77%
May 09, 2025	C$6.33	C$5.48	-13.43%
Feb 26, 2025	C$6.86	C$6.10	-11.08%
Nov 07, 2024	C$8.98	C$9.97	+11.02%

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.

FAQ

When does Fiera Capital A (TSE:FSZ) report earnings?

Fiera Capital A (TSE:FSZ) is schdueled to report earning on Nov 06, 2025, Before Open (Confirmed).

What is Fiera Capital A (TSE:FSZ) earnings time?

Fiera Capital A (TSE:FSZ) earnings time is at Nov 06, 2025, Before Open (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:FSZ EPS forecast?

TSE:FSZ EPS forecast for the fiscal quarter 2025 (Q3) is 0.21.

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