Fiera Capital Q2 revenue misses expectations, falls 1.1% y/y

Fiera Capital

08/08/2025 12:35

Overview

Fiera Capital Q2 revenue misses analyst expectations, down 1.1% yr/yr

Adjusted EBITDA rises 5.3% from Q1, driven by lower SG&A expenses

Company repurchased 1.1 mln shares, reinforcing capital return commitment

Outlook

Company focuses on strategic priorities for long-term organic growth

Fiera Capital highlights momentum in Public Markets with C$1.4 bln new mandates

Result Drivers

PRIVATE MARKETS GROWTH - Assets under management in Private Markets grew year-over-year to nearly C$21 bln, contributing to stable average AUM

PUBLIC MARKETS CHALLENGES - Revenue decline attributed to lower base management fees in Public Markets, despite strong new mandates

STRATEGIC PRIORITIES - Focus on delivering consistent investment performance and improving operating efficiency, per CEO Maxime Ménard

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Miss
C$162.97 mln
C$166.20 mln (3 Analysts)
Q2 Adjusted Net Income
C$27.20 mln
Q2 Net Income
C$3.76 mln
Q2 Adjusted EBITDA
C$45.69 mln
Q2 Adjusted EBITDA Margin
28.0%


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is no "strong buy" or "buy", 5 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the investment management & fund operators peer group is "hold"

Wall Street's median 12-month price target for Fiera Capital Corp is C$7.00, about 5.4% above its August 7 closing price of C$6.62

The stock recently traded at 7 times the next 12-month earnings vs. a P/E of 6 three months ago

Press Release: ID:nCNW2H96Sa

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)