AGF Management (TSE:AGF.B) Posts Earnings Results

Posted by on Jun 25th, 2026

AGF Management (TSE:AGF.B – Get Free Report) announced its earnings results on Wednesday. The company reported C$0.72 earnings per share for the quarter, FiscalAI reports. The firm had revenue of C$126.70 million for the quarter. AGF Management had a return on equity of 7.64% and a net margin of 16.58%.

Here are the key takeaways from AGF Management’s conference call:

  • AGF reported a strong Q2 2026 with adjusted diluted EPS of CAD 0.72, adjusted EBITDA of CAD 64 million, and free cash flow of CAD 36 million.
  • AUM and fee-earning assets rose to CAD 75 billion, up 40% year over year, helped by the inclusion of New Holland Capital and broad growth across the platform.
  • The company highlighted continued momentum in ETF and SMA products, with global AUM up 74% year over year to CAD 4.8 billion and Canadian net flows of CAD 155 million in the quarter.
  • AGF increased its economic interest in New Holland Capital to 50%, and management expects the transaction to be modestly accretive to earnings as the business scales over time.
  • While Canadian retail mutual funds posted their eighth straight quarter of positive net sales, sales were only CAD 6 million and management noted some softness tied to seasonality and a more challenging consumer backdrop.

AGF Management Price Performance

TSE:AGF.B opened at C$19.64 on Thursday. The company has a debt-to-equity ratio of 11.27, a current ratio of 1.19 and a quick ratio of 1.75. The company has a 50 day moving average price of C$17.24 and a 200-day moving average price of C$17.83. AGF Management has a 1-year low of C$11.57 and a 1-year high of C$21.30. The firm has a market cap of C$1.25 billion, a price-to-earnings ratio of 11.42, a price-to-earnings-growth ratio of 1.18 and a beta of 1.31.

Wall Street Analysts Forecast Growth

AGF.B has been the topic of a number of recent research reports. TD upped their target price on AGF Management from C$19.00 to C$24.00 and gave the company a “buy” rating in a research report on Friday, June 19th. BMO Capital Markets upped their price objective on shares of AGF Management from C$19.00 to C$20.00 and gave the company a “market perform” rating in a report on Wednesday, April 8th. Desjardins increased their price objective on shares of AGF Management from C$20.00 to C$22.00 and gave the stock a “buy” rating in a research note on Wednesday, June 17th. Finally, Scotia decreased their target price on shares of AGF Management from C$20.00 to C$18.00 and set a “sector perform” rating for the company in a research report on Wednesday, April 15th. Five research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of C$20.03.

View Our Latest Research Report on AGF.B

About AGF Management

(Get Free Report)

Founded in 1957, AGF Management Limited (AGF) is an independent and globally diverse asset management firm. Our companies deliver excellence in investing in the public and private markets through three business lines: AGF Investments, AGF Capital Partners and AGF Private Wealth. AGF brings a disciplined approach, focused on incorporating sound, responsible and sustainable corporate practices. The firm’s collective investment expertise, driven by its fundamental, quantitative and private investing capabilities, extends globally to a wide range of clients, from financial advisors and their clients to high-net worth and institutional investors including pension plans, corporate plans, sovereign wealth funds, endowments and foundations.

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