AGF Management Limited (AGFMF) Q2 2025 Earnings Call Transcript

AGF Management Limited (OTCPK:AGFMF) Q2 2025 Earnings Conference Call June 25, 2025 11:00 AM ET

Company Participants

Judith Gail Goldring – President & Head of Global Distribution at AGF Management Limited
Ken Tsang – Chief Financial Officer
Kevin Andrew McCreadie – CEO, Chief Investment Officer & Director

Conference Call Participants

Gary Ho – Desjardins Securities Inc., Research Division
Tom MacKinnon – BMO Capital Markets Equity Research

Operator

Thank you for standing by, and welcome to the Q2 2025 AGF Management Limited Earnings Conference Call. [Operator Instructions] As a reminder, this call is being recorded.

I would now like to introduce your host for today’s conference, Mr. Tsang, you may begin.

Ken Tsang

Thank you, operator, and good morning, everyone. I’m Ken Tsang, Chief Financial Officer of AGF Management Limited.

Today, we will be discussing the financial results for the second quarter of fiscal 2025. Slides supporting today’s call and webcast can be found in the Investor Relations section of agf.com.

Also speaking on the call today will be Kevin McCreadie, Chief Executive Officer and Chief Investment Officer. For the question- and-answer period following the presentation, Judy Goldring, President and Head of Global Distribution; and Ash Lawrence, Head of AGF Capital Partners, will also be available to address questions.

Slide 4 provides the agenda for today’s call. After the prepared remarks, we will be happy to take questions. With that, I will now turn the call over to Kevin.

Kevin Andrew McCreadie

Thank you, Ken, and thank you, everyone, for joining us today.

The second quarter of 2025 saw continued volatility as global markets grappled with the potential implications of ongoing trade wars.

Despite the market volatility, Q2 was another strong quarter for AGF. I’ll begin with some highlights. AUM and fee-earning assets were $53.5 billion at the end of Q2, up 12% from a year ago. Compared