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
Transaction-Based Revenues	535.29	496.08	438.91	440.56	440.44
Other Revenues	53.39	52.11	32.91	28.45	21.24
Revenue	588.67	548.19	471.82	469	461.68
Revenue Growth (YoY)	7.38%	16.19%	0.60%	1.59%	-15.12%
Cost of Revenue	150.31	141.25	133.76	172.84	201.47
Gross Profit	438.36	406.94	338.06	296.17	260.21
Selling, General & Admin	264.81	262.54	209.05	194.56	195.13
Depreciation & Amortization Expenses	9.6	9.4	9.12	11.65	10.49
Other Operating Expenses	0.2	9.69	4.87	2.69	2.8
Operating Income	163.75	125.31	115.02	87.26	51.8
Pretax Income	163.75	125.31	115.02	87.26	51.8
Provision for Income Taxes	35.92	29	27.32	20.61	12.5
Net Income	128.58	97.57	87.7	66.65	39.3
Minority Interest in Earnings	0.75	1.26	-	-	-
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	2	69	72
Shares Change (YoY)	0.85%	2840.46%	-96.72%	-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%	74.54%	-75.22%
Free Cash Flow	109.93	112.38	83.8	48.26	34.53
Free Cash Flow Growth	-2.18%	34.11%	73.63%	39.77%	-61.27%
Free Cash Flow Per Share	1.63	1.68	36.82	0.70	0.48
Dividends 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	74.47%	74.23%	71.65%	63.15%	56.36%
Operating Margin	27.82%	22.86%	24.38%	18.61%	11.22%
Profit Margin	21.72%	17.57%	18.59%	14.21%	8.51%
FCF Margin	18.67%	20.50%	17.76%	10.29%	7.48%
EBITDA	173.35	134.71	124.14	98.91	62.29
EBITDA Margin	29.45%	24.57%	26.31%	21.09%	13.49%
EBIT	163.75	125.31	115.02	87.26	51.8
EBIT Margin	27.82%	22.86%	24.38%	18.61%	11.22%
Effective Tax Rate	21.93%	23.14%	23.75%	23.62%	24.13%

Updated Nov 30, 2025. Data Source: Fiscal.ai. Capital Markets template. Financial Sources.