MONTREAL, Feb. 26, 2025 /CNW/ - Fiera Capital Corporation (TSX: FSZ) ("Fiera Capital" or the "Company"), a leading independent asset management firm, today announced its financial results for the fourth quarter and fiscal year ended December 31, 2024. Financial references are in Canadian dollars unless otherwise indicated.
(in $ thousands except where otherwise indicated)
Q4
Q3
Q4
FY
FY
2024
2024
2023
2024
2023
End of period AUM (in $ billions)
167.1
165.5
161.7
167.1
161.7
Average AUM (in $ billions)
166.6
163.8
158.4
163.6
161.9
IFRS Financial Measures
Total revenues
184,011
171,711
210,972
688,623
686,646
Base management fees
156,734
154,381
147,371
611,995
592,237
Performance fees
13,592
5,857
42,185
24,778
50,311
Commitment and transaction fees
7,034
3,622
7,474
16,258
18,801
Share of earnings in joint ventures and associates
1,761
1,691
8,717
12,428
11,120
Other revenues
4,890
6,160
5,225
23,164
14,177
Net earnings (loss) 1
(192)
12,639
39,418
24,987
58,452
Non-IFRS Financial Measures
Adjusted EBITDA 2
53,400
51,685
77,621
195,764
205,854
Adjusted EBITDA margin 2
29.0 %
30.1 %
36.8 %
28.4 %
30.0 %
Adjusted net earnings 1,2
22,849
28,909
50,163
102,719
126,066
LTM Free Cash Flow 2
87,417
95,215
89,212
87,417
89,212
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