Fiera Capital Corp (TSX:FSZ)
C$ 5.15 -0.090 (-1.72%) Market Cap: 546.24 Mil Enterprise Value: 1.31 Bil PE Ratio: 28.61 PB Ratio: 2.35 GF Score: 71/100

Q3 2025 Fiera Capital Corp Earnings Call Transcript

Nov 13, 2025 / 03:00 PM GMT
Release Date Price: C$6.34 (+1.12%)

Key Points

Positve
  • Total assets under management increased by 4% to $166.9 billion, supported by market appreciation and net organic growth.
  • The private market platform saw a 5.3% increase in assets, driven by strong net inflows and market growth.
  • Fiera Capital Corp (FRRPF) was recognized as Fixed Income Manager of the Year at the European Awards 2025.
  • The company secured new mandates of close to $500 million, primarily in the US growth equity strategy.
  • Adjusted EBITDA for the quarter was $50 million, up 10% quarter over quarter, indicating improved financial performance.
Negative
  • Equity strategies faced challenges in outperforming benchmarks due to security selection issues and limited exposure to outperforming sectors.
  • Revenues were down $5 million or 3% from the same quarter last year, reflecting lower base management fees in public markets.
  • Performance fees in public markets were significantly lower compared to the same quarter last year.
  • Net earnings attributable to shareholders decreased to $6 million from $13 million in the same quarter last year.
  • The company faced outflows of approximately $700 million from some advised strategies, impacting overall net growth.


Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

FSZ.TO - Fiera Capital Corp
Q3 2025 Fiera Capital Corp Earnings Call
Nov 13, 2025 / 03:00PM GMT

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Presentation
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Unidentified_1 [1]
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Good morning and welcome to FR Capital's earnings call to discuss financial results for the 3rd quarter of 2025. I will now turn the conference over to Natalie Medak, Director of Investor relations. You may begin your conference.

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Unidentified_2 [2]
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Thank you and good morning everyone. Welcome to the Pierra Capital Conference call to discuss our financial results for the 3rd quarter of 2025. A copy of today's presentation can be found in the investor relations section of our website. Comments made on today's call, including replies to certain questions may
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