Q2 2026 Fiera Capital Corp Earnings Call Transcript

Aug 7, 2026 / 02:00 PM GMT

Release Date Price: C$4.75 (-6.31%)

Transcript

Key Points

Positve

Total AUM increased 2.1% quarter-over-quarter to $163.5 billion, driven by strong market appreciation.
Private markets platform showed growth, raising close to $100 million in new mandates and deploying over $500 million in capital during the quarter.
Investment performance improved meaningfully, with most large cap equity strategies outperforming benchmarks and 91% of fixed income AUM beating respective benchmarks over one year.
Continued traction in financial intermediary distribution channels, with new platform approvals and net inflows from relationships established within the last 18 months.
Cost optimization efforts are yielding results, with SG&A expenses down 5.5% year-to-date and adjusted EBITDA margin remaining stable at 27%.

Negative

Experienced larger-than-expected outflows from sub-advised mandates, totaling $5.3 billion in the quarter, including a single US client transferring assets directly to Pinestone.
Public Markets net outflows totaled $2.2 billion in the quarter, largely due to elevated client rebalancing across equity and fixed income strategies.
Total revenues declined 5% year-over-year, primarily due to lower base management fees in public markets and lower share of earnings from joint ventures.
Net debt increased to $723 million, with the net debt ratio rising to 3.8 times from 3.6 times in the prior quarter.
Expects further outflows in the second half of the year, including a $1.5 billion direct transfer to Pinestone and a $500 million redemption from a larger equity mandate.

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

FSZ.TO - Fiera Capital Corp
Q2 2026 Fiera Capital Corp Earnings Call
Aug 07, 2026 / 02:00PM GMT

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Presentation
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Unidentified_1 [1]
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Good morning and welcome to the Fiera Capital Conference Call to discuss financial results for the second quarter of 2026. I will now turn the conference over to Amin Mousadian, Senior Vice President, Head of Treasury and 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 Fierra Capital conference call to discuss our financial and operating results for the second quarter. Copies of our press release, MD&A and earnings presentation are available on fieracapital.com under Investor

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