AGF Management Income Statement

Financials in millions CAD. Fiscal year is December - November.

Millions CAD. Fiscal year is Dec - Nov.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Nov '25 Nov 30, 2025	Nov '24 Nov 30, 2024	Nov '23 Nov 30, 2023	Nov '22 Nov 30, 2022	Nov '21 Nov 30, 2021
Operating Revenue	528.2	482.39	428.17	430.35	432.26
Other Revenue	60.48	65.8	43.65	38.66	29.42
Revenue	588.67	548.19	471.82	469	461.68
Revenue Growth (YoY)	7.38%	16.19%	0.60%	1.59%	5.04%
Cost of Revenue	-	-	-	37.36	63.48
Gross Profit	588.67	548.19	471.82	431.64	398.2
Selling, General & Admin	411.09	399.57	341.48	330.04	333.12
Amortization of Goodwill & Intangibles	-	-	-	0.08	0.11
Operating Expenses	420.69	408.97	350.6	341.69	343.61
Operating Income	167.98	139.22	121.23	89.95	54.59
Interest Expense	-5.77	-6.97	-4.87	-2.69	-2.8
Other Non Operating Income (Expenses)	5.57	-2.73	-	-	-
EBT Excluding Unusual Items	167.78	129.53	116.35	87.26	51.8
Other Unusual Items	-4.04	-4.22	-1.33	-	-
Pretax Income	163.75	125.31	115.02	87.26	51.8
Income Tax Expense	35.92	29	27.32	20.61	12.5
Earnings From Continuing Operations	127.83	96.31	87.7	66.65	39.3
Net Income to Company	127.83	96.31	87.7	66.65	39.3
Minority Interest in Earnings	0.75	1.26	-	-	-
Net Income	128.58	97.57	87.7	66.65	39.3
Net Income to Common	128.58	97.57	87.7	66.65	39.3
Net Income Growth	31.78%	11.26%	31.59%	69.60%	-77.40%
Shares Outstanding (Basic)	65	65	65	68	70
Shares Outstanding (Diluted)	67	67	67	69	72
Shares Change (YoY)	0.85%	-0.47%	-3.17%	-3.10%	-8.55%
EPS (Basic)	1.99	1.51	1.35	0.97	0.56
EPS (Diluted)	1.91	1.46	1.30	0.96	0.55
EPS Growth	30.82%	12.31%	35.42%	74.55%	-75.22%
Free Cash Flow	111.36	113.48	85.3	49.48	36.12
Free Cash Flow Per Share	1.65	1.70	1.27	0.71	0.50
Dividend Per Share	0.500	0.460	0.440	0.400	0.350
Dividend Growth	8.70%	4.54%	10.00%	14.29%	9.38%
Gross Margin	100.00%	100.00%	100.00%	92.03%	86.25%
Operating Margin	28.54%	25.40%	25.69%	19.18%	11.82%
Profit Margin	21.84%	17.80%	18.59%	14.21%	8.51%
Free Cash Flow Margin	18.92%	20.70%	18.08%	10.55%	7.82%
EBITDA	171.71	142.8	124.72	94.73	57.1
EBITDA Margin	29.17%	26.05%	26.43%	20.20%	12.37%
D&A For EBITDA	3.73	3.58	3.5	4.78	2.5
EBIT	167.98	139.22	121.23	89.95	54.59
EBIT Margin	28.54%	25.40%	25.69%	19.18%	11.82%
Effective Tax Rate	21.93%	23.14%	23.75%	23.62%	24.13%
Revenue as Reported	588.67	548.19	471.82	469	461.68

Source: S&P Global Market Intelligence. Standard template. Financial Sources.