AGF Management Limited (TSX:AGF.B)

AGF Management Cash Flow Statement

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

Operating Activities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Aug 31, 2026	Nov 30, 2025	Nov 30, 2024	Nov 30, 2023	Nov 30, 2022	Nov 30, 2021
Net Income	139.74	127.83	96.31	87.7	66.65	39.3
Depreciation & Amortization	8.57	8.26	8.07	7.82	10.23	8.88
Other Amortization	1.34	1.34	1.33	1.3	1.43	1.61
Loss (Gain) From Sale of Investments	-0.01	-31.92	-35.21	-23.73	-12.97	-2.1
Loss (Gain) on Equity Investments	-1.76	-1.38	-0.9	-3.43	0.32	-3.15
Stock-Based Compensation	7.62	11.35	10.41	8.97	7.7	9.64
Other Operating Activities	-2.92	-0.3	14.31	6.82	7.66	-15.64
Change in Accounts Receivable	0.56	-7.23	-4.23	-2.1	-2.82	-0.08
Change in Accounts Payable	-39.82	-2.62	11.39	-2.9	-13.17	5.03
Change in Other Net Operating Assets	10.45	9.52	13.1	6.78	-0.42	4.31
Operating Cash Flow	123.79	114.87	114.59	87.24	64.6	47.8
Operating Cash Flow Growth	2.01%	0.24%	31.35%	35.05%	35.14%	-48.30%

Investing Activities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Aug 31, 2026	Nov 30, 2025	Nov 30, 2024	Nov 30, 2023	Nov 30, 2022	Nov 30, 2021
Capital Expenditures	-4.91	-3.51	-1.1	-1.94	-15.12	-11.68
Cash Acquisitions	-	-	-40.9	-	-	-
Sale (Purchase) of Intangibles	-1.43	-1.43	-1.1	-1.5	-1.22	-1.59
Investment in Securities	-37.27	-76.09	-22.95	-34.03	-24	-11.33
Other Investing Activities	-8.28	-	-12.61	-	-	-
Investing Cash Flow	-51.88	-81.02	-78.66	-37.47	-40.33	-24.6

Financing Activities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Aug 31, 2026	Nov 30, 2025	Nov 30, 2024	Nov 30, 2023	Nov 30, 2022	Nov 30, 2021
Long-Term Debt Issued	-	27	9	-	22	-
Total Debt Issued	16	27	9	-	22	-
Long-Term Debt Repaid	-	-6.2	-6.12	-21.65	-4.76	-4.5
Lease Payments	-6.16	-6.2	-6.12	-5.65	-4.76	-4.5
Total Debt Repaid	-6.16	-6.2	-6.12	-21.65	-4.76	-4.5
Net Debt Issued (Repaid)	9.84	20.8	2.88	-21.65	17.24	-4.5
Issuance of Common Stock	10.04	4.68	7.77	6.54	3.36	5.25
Repurchase of Common Stock	-48.08	-27.5	-10.72	-13.38	-46	-7.5
Common Dividends Paid	-35.6	-33.92	-28.95	-27.33	-26.22	-23.51
Other Financing Activities	-3.1	-3.22	-4.41	-2.12	-0.52	-0.47
Financing Cash Flow	-66.9	-39.16	-33.42	-57.93	-52.13	-30.73

Net Cash Flow

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Aug 31, 2026	Nov 30, 2025	Nov 30, 2024	Nov 30, 2023	Nov 30, 2022	Nov 30, 2021
Net Cash Flow	5.01	-5.31	2.51	-8.17	-27.86	-7.53

Free Cash Flow

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Aug 31, 2026	Nov 30, 2025	Nov 30, 2024	Nov 30, 2023	Nov 30, 2022	Nov 30, 2021
Free Cash Flow	118.88	111.36	113.48	85.3	49.48	36.12
Free Cash Flow Growth	0.25%	-1.87%	33.05%	72.39%	36.98%	-60.24%
Free Cash Flow Margin	19.41%	18.92%	20.70%	18.08%	10.55%	7.82%
Free Cash Flow Per Share	1.80	1.65	1.70	1.27	0.71	0.50
Levered Free Cash Flow	119.5	116.83	128.43	90.44	49.89	30.82
Unlevered Free Cash Flow	123.05	120.44	132.78	93.49	51.58	32.57
Free Cash Flow After Leases	112.72	105.16	107.37	79.65	44.72	31.62

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Aug 31, 2026	Nov 30, 2025	Nov 30, 2024	Nov 30, 2023	Nov 30, 2022	Nov 30, 2021
Cash Interest Paid	3.1	3.22	4.41	2.12	0.52	0.47
Cash Income Tax Paid	30.96	37.69	26.1	28.66	15.37	34.73
Change in Working Capital	-28.81	-0.33	20.26	1.79	-16.41	9.26

Data Source: S&P Global Market Intelligence Last updated: Sep 23, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Sep 29, 2026

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