G20 Labour and Employment Ministerial Meeting in South Africa: Minister Hajdu reinforces Canada's leadership
Meeting the challenges of our time means leading with ambition, unity and action. At the G20 Labour and Employment Ministerial Meeting, Minister Hajdu reinforced Canada's leadership to support inclusive growth, youth employment, gender equality and inclusion in the workforce, to ensure no one is left behind in a rapidly changing world.
Minister Hajdu discussed key initiatives, such as Canada's Youth Employment and Skills Strategy, Canada Service Corps and the expansion of student grants and interest-free loans. Minister Hajdu also emphasized a number of domestic initiatives laying important groundwork for long-term progress to enforce equal pay for equal work, reduce the gender wage gap through Canada's first-of-its-kind pay transparency public website Equi'Vision, and build a Canada-wide early learning and child care system with provinces, territories, and Indigenous communities, relieving pressure on families.
The Minister also highlighted Canada's support for initiatives brought forward by the presidency, including the G20 Nelson Mandela Bay Goal on Youth, which seeks to further reduce youth not in employment, education or training (NEET) rates by 5% by 2030; the G20 Brisbane-eThekwini Target, which aims to reduce the gender gap in labour force participation by 25% by 2030; and a new G20 target to reduce the gender wage gap by 15% by 2035, noting a review of the target in 5 years with the objective of considering a higher target as measurable progress is made.
Strong partnerships mean stronger economies and more opportunities for workers and businesses. That is why Canada is strengthening partnerships and sharing expertise to advance common goals.
On the behalf of the Honourable Randeep Sarai, Secretary of State (International Development), Minister Hajdu announced the launch of an initiative called Green Growth – Empowering Youth for a Green Future, in partnership with SOS Children's Village Canada. This $7 million project will be implemented in Ethiopia, Rwanda, and Somalia to increase the economic participation and resilience of disadvantaged youth—particularly young women—by equipping them with the skills and support needed to thrive in the growing green economy. This initiative reflects Canada's commitment to inclusive education, sustainable development and youth empowerment across the region.
Along side the G20 meetings, Minister Hajdu also met with her counterparts from Brazil, Germany, Ireland, Lesotho, Singapore, South Africa and the United Kingdom to strengthen economic ties and share best practices to help workers adapt to a changing job market.
Quotes
"Building the strongest economy in the G7 means working together across borders and across generations. At the G20, we're tackling the challenges ahead, and securing opportunities that are essential to building a more inclusive, and resilient global economy. Canada is taking action to strengthen ties with our international partners for real, sustainable economic growth that leaves nobody behind."
– The Honourable Patty Hajdu, Minister of Jobs and Families and Minister responsible for the Federal Economic Development Agency for Northern Ontario
Quick facts
The G20 is the primary forum for international economic cooperation among the world's leading developed and emerging economies. The G20 comprises nineteen countries and two regional unions, representing over 85% of the world's GDP, over 75% of global trade, and more than 66% of the world's population.
The Youth Employment and Skills Strategy, a horizontal initiative involving 12 federal departments and agencies, received an additional $351.2 million in 2025-26. This investment will help create over 90,000 job placements for youth, with a growing focus on emerging sectors like green tech, AI, skilled trades, and advanced manufacturing.
As of 2024, Canada Service Corps is creating up to 20,000 new volunteer opportunities over three years focusing on equipping youth with meaningful skills and experience.
The Canada-wide early learning and child care system is supporting the creation of 250,000 new spaces by 2026, with families of approximately 900,000 children already benefiting from affordable and quality child care across the country.
Globally, 2.1 billion adults need remedial education for basic literacy, numeracy, and socio-emotional skills, and 450 million youth are economically disengaged, with young women disproportionately affected. As a global leader in education, ranking as the 7th largest donor, Canada has invested more than $1.2 billion (7.4% of its Official Development Assistance) between 2022-23 and 2024-25 to support education for girls and displaced populations, including refugees, through multilateral, international and Canadian partners — balancing primary education with a growing focus on technical and vocational training (TVET) — which also strengthens Canada's economy, security, and international influence by fostering stable partners, new markets and shared values.
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Canada and the G20
G20 – South Africa 2025
Canada-South Africa relations
Equi'Vision
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Fiera Capital Reports Second Quarter 2025 Results Français
MONTREAL, Aug. 8, 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 second quarter ended June 30, 2025. Financial references are in Canadian dollars unless otherwise indicated. (in $ thousands except where otherwise indicated) Q2 Q1 Q2 YTD YTD 2025 2025 2024 2025 2024 End of period AUM (in $ billions) 160.5 161.6 158.9 160.5 158.9 Average AUM (in $ billions) 159.0 164.4 159.1 161.7 162.0 IFRS Financial Measures Total revenues 162,974 162,871 164,786 325,845 332,901 Base management fees 147,867 154,542 149,343 302,409 300,880 Performance fees 2,491 183 2,544 2,674 5,329 Commitment and transaction fees 5,246 2,440 4,287 7,686 5,602 Share of earnings in joint ventures and associates 2,035 2,595 2,689 4,630 8,976 Other revenues 5,335 3,111 5,923 8,446 12,114 Net earnings (loss) 1 3,757 21,789 4,895 25,546 12,540 Non-IFRS Financial Measures Adjusted EBITDA 2 45,692 43,403 45,284 89,095 90,679 Adjusted EBITDA margin 2 28.0 % 26.6 % 27.5 % 27.3 % 27.2 % Adjusted net earnings 1,2 27,198 25,426 24,872 52,624 50,961 LTM Free Cash Flow 2 75,336 86,674 121,148 75,336 121,148 1 Attributable to the Company's shareholders 2 Adjusted EBITDA, Adjusted EBITDA margin, Adjusted net earnings and Free Cash Flow are non-IFRS measures. Refer to the "Non-IFRS Measures" section of this press release "We are pleased with the momentum in our business during the second quarter. Our Public Markets platform secured $1.4 billion of new mandates, marking our strongest gross flows in nine quarters. Assets under management in our Private Markets platform grew year-over-year to reach nearly $21 billion" said Maxime Ménard, Global President and Chief Executive Officer."These results underscore the trust our clients continue to place in us, the depth of our investment capabilities and the momentum that has been built through our regionalized distribution model. We remain focused on executing on our strategic priorities, including delivering consistent investment performance and providing a connected client experience, to drive sustained, long-term organic growth." "Year-to-date base management fees increased from the same period last year, reflecting stable average AUM and a resilient fee rate which was driven by growing contribution from our Private Markets platform. SG&A expenses were down 3% year-over-year as we delivered on our commitment to streamline the organization and improve operating efficiency" said Lucas Pontillo, Executive Director, Global Chief Financial Officer and Head of Corporate Strategy."During the quarter, we repurchased 1.1 million shares, reinforcing our commitment to return capital to shareholders. The Board of Directors has approved a dividend of 10.8 cents per share, payable on September 18, 2025." Assets Under Management (in $ millions, unless otherwise indicated) By Platform March 31, 2025 New Lost Net Contributions Net Organic Growth 1 Market and Other 2 Strategic 3 June 30, 2025 Public Markets, excluding sub-advised AUM 104,057 1,441 (140) (1,757) (456) 1,306 (1,110) 103,797 Public Markets sub-advised AUM 36,388 7 (406) (658) (1,057) 493 — 35,824 Public Markets - Total 140,445 1,448 (546) (2,415) (1,513) 1,799 (1,110) 139,621 Private Markets 21,149 209 (46) (349) (186) (110) — 20,853 Total 161,594 1,657 (592) (2,764) (1,699) 1,689 (1,110) 160,474 By Distribution Channel March 31, 2025 New Lost Net Contributions Net Organic Growth 1 Market and Other 2 Strategic 3 June 30, 2025 Institutional 91,843 1,149 (78) (1,229) (158) 732 (309) 92,108 Financial Intermediaries 55,544 431 (391) (890) (850) 739 (801) 54,632 Private Wealth 14,207 77 (123) (645) (691) 218 — 13,734 Total 161,594 1,657 (592) (2,764) (1,699) 1,689 (1,110) 160,474 By Platform December 31, 2024 New Lost Net Contributions Net Organic Growth 1 Market and Other 2 Strategic 3 June 30, 2025 Public Markets, excluding sub-advised AUM 103,350 2,202 (398) (2,060) (256) 1,813 (1,110) 103,797 Public Markets sub-advised AUM 44,045 7 (6,156) (1,877) (8,026) (195) — 35,824 Public Markets - Total 147,395 2,209 (6,554) (3,937) (8,282) 1,618 (1,110) 139,621 Private Markets 19,716 687 (92) (655) (60) 250 947 20,853 Total 167,111 2,896 (6,646) (4,592) (8,342) 1,868 (163) 160,474 By Distribution Channel December 31, 2024 New Lost Net Contributions Net Organic Growth 1 Market and Other 2 Strategic 3 June 30, 2025 Institutional 90,085 2,192 (246) (1,996) (50) 1,435 638 92,108 Financial Intermediaries 62,418 451 (6,135) (1,486) (7,170) 185 (801) 54,632 Private Wealth 14,608 253 (265) (1,110) (1,122) 248 — 13,734 Total 167,111 2,896 (6,646) (4,592) (8,342) 1,868 (163) 160,474 1 Net Organic Growth represents the sum of new mandates, lost mandates and net contributions 2 Market and Other includes the impact of market changes, income distributions and foreign exchange 3 Relates to the wind down of the Canadian Equity Small Capitalization and Canadian Equity Microcap Opportunity strategies in the current quarter, as previously announced, and the acquisition of a controlling interest in a real estate investment platform in the first quarter of 2025 AUM decreased by $1.1 billion or 0.7% compared to March 31, 2025 reflecting negative net organic growth of $1.7 billion and the previously announced wind down of the Canadian Equity Small Capitalization and Canadian Equity Microcap Opportunity strategies in the current quarter, which reduced AUM by $1.1 billion. This was partly offset by a positive market impact of $1.8 billion. The increase in the market value of AUM, specifically equity mandates, was partly offset by a negative foreign exchange impact during the quarter. Excluding sub-advised AUM, Public Markets net organic growth was a net outflow of $0.5 billion. Negative net contributions of $1.8 billion, due to rebalancing mainly from fixed income strategies, were largely offset by new mandates of $1.4 billion, primarily from equity strategies. Negative net organic growth included $1.1 billion of outflows connected to sub-advised AUM, including lost mandates of $0.4 billion and negative net contributions of $0.7 billion, related primarily to ongoing client relationships where clients simply rebalanced their overall investments. AUM decreased by $6.6 billion or 3.9% compared to December 31, 2024 reflecting negative net organic growth of $8.3 billion, primarily from sub-advised AUM, partly offset by a favourable market impact of $2.0 billion. Negative net organic growth connected to sub-advised AUM decreased $8.0 billion, largely from approximately $5.7 billion of lost mandates from Canoe Financial LP in January 2025. Excluding sub-advised AUM, there was negative net organic growth of $0.3 billion, as negative net contributions were largely offset by new mandates. Second Quarter Financial Highlights Revenue was relatively flat compared to Q1 2025, reflecting an increase in commitment and transaction fees, performance fees, and other revenues, offset by lower base management fees in Public Markets. Revenue decreased by $1.8 million or 1.1% compared to Q2 2024, primarily due to lower base management fees in Public Markets, partly offset by higher base management fees in Private Markets. Adjusted EBITDA increased by $2.3 million or 5.3% compared to Q1 2025, primarily due to lower-sub-advisory fees. Adjusted EBITDA increased by $0.4 million or 0.9% compared to Q2 2024, primarily due to lower selling, general and administrative ("SG&A") expenses, excluding share-based compensation. Adjusted net earnings increased by $1.8 million or 7.1% compared to Q1 2025, primarily due to lower SG&A expenses and balance sheet foreign exchange revaluation gains from the weaker US dollar, partly offset by higher interest on debentures. Adjusted net earnings increased by $2.3 million or 9.2% compared to Q2 2024, primarily due to balance sheet foreign exchange revaluation gains and lower SG&A expenses. Net earnings attributable to the Company's shareholders decreased by $18.0 million or 82.6% compared to Q1 2025. The decrease was primarily due to a $12.7 million gain on revaluation of an investment in the prior quarter related to the acquisition of a controlling interest in a real estate investment platform, and higher restructuring costs related to severance in the current quarter, as a result of management and organizational changes. Net earnings attributable to the Company's shareholders decreased by $1.1 million compared to Q2 2024, primarily due to higher restructuring costs partly offset by balance sheet foreign exchange revaluation gains in the current quarter. LTM free cash flow decreased by $11.4 million or 13.1% compared to Q1 2025, primarily due to higher severance costs paid in the current quarter and the timing of accounts receivable collections. LTM free cash flow decreased by $45.8 million or 37.8% compared to Q2 2024, primarily due to higher performance fees and distributions from joint ventures and associates in the prior period. Year-to-Date Financial Highlights Revenue decreased by $7.1 million or 2.1% compared to the corresponding period of 2024, primarily due to lower base management fees in Public Markets, share of earnings in joint ventures and associates, and other revenues, partly offset by higher base management fees in Private Markets. Adjusted EBITDA decreased by $1.6 million or 1.8% compared to the corresponding period of 2024, primarily due to lower share of earnings in joint ventures and associates, lower other revenues, and higher technical services costs, partly offset by lower sub-advisory fees. Adjusted net earnings increased by $1.6 million or 3.1% compared to the corresponding period of 2024, primarily due to lower SG&A and balance sheet foreign exchange revaluation gains from the weaker US dollar in the current year, partly offset by lower revenues. Net earnings attributable to the Company's shareholders increased by $13.0 million compared to the corresponding period of 2024, primarily due to a $12.7 million gain on revaluation of an investment related to the acquisition of a controlling interest in a real estate investment platform. Subsequent Events Dividend Declared On August 7, 2025, the Board declared a quarterly dividend of $0.108 per Class A subordinate voting share ("Class A Share") and Class B special voting share ("Class B Share"), payable on September 18, 2025 to shareholders of record at the close of business on August 20, 2025. The dividend is an eligible dividend for income tax purposes. Normal Course Issuer Bid ("NCIB") The Company announces that the Toronto Stock Exchange (the "TSX") approved the renewal of the Company's NCIB to purchase for cancellation up to a maximum of 4,000,000 Class A Shares over the twelve-month period commencing on August 16, 2025 and ending no later than August 15, 2026, and representing approximately 4.6% of its 87,210,436 issued and outstanding Class A Shares as at August 4, 2025 (the "Renewed NCIB"). Under the NCIB that will expire August 15, 2025, and pursuant to which the Company was authorized to purchase up to 4,000,000 Class A Shares, Fiera Capital purchased and cancelled 1,862,016 shares at a weighted average purchase price per security of $6.38 for total consideration of $11.9 million. This included 536,048 Class A Shares purchased and cancelled subsequent to quarter end, at a weighted average purchase price per security of $6.66 for total consideration of $3.6 million. Purchases were effected through the facilities of the TSX and through Canadian alternative trading systems. Purchases under the Renewed NCIB will be made on the open market through the facilities of the TSX and through Canadian alternative trading systems, as well as outside the facilities of the TSX pursuant to exemptions available under applicable securities legislation or exemption orders issued by securities regulatory authorities. The price that the Company will pay for the Class A Shares purchased under the Renewed NCIB will be the market price of such shares at the time of the acquisition as per the requirements of the market where the trade is made and applicable securities laws, except for purchases effected outside the facilities of the TSX pursuant to exemptions available under applicable securities legislation or exemption orders issued by securities regulatory authorities, which will be at a discount to the prevailing market price. The board of directors of the Company believes that the repurchase of Class A Shares, which the Company may carry out from time to time during the Renewed NCIB, represents a responsible investment and that the Renewed NCIB provides the Company with the flexibility to purchase Class A Shares as it considers advisable. Security holders may obtain a copy of the " Notice of Intention to Make a Normal Course Issuer Bid" filed with the TSX, without charge, by written request addressed to: Corporate Secretary, Fiera Capital Corporation, 1981 McGill College Avenue, Suite 1500, Montréal, Québec, H3A 0H5. The average daily trading volume (the "ADTV") of the Class A Shares over the last six complete calendar months was 372,087 Class A Shares. Accordingly, under TSX rules and policies, Fiera Capital is entitled on any trading day to purchase on the TSX up to 93,021 Class A Shares. Fiera Capital may also purchase, once a week and in excess of the foregoing daily repurchase limit of 25% of the ADTV, blocks of Class A Shares that are not owned by any insiders, in accordance with the TSX rules and policies. Additional details relating to the Company's operating results can be found in the Company's Management's Discussion and Analysis for the three and six-month periods ended June 30, 2025 available on our Investor Relations web page under Financial Documents - Quarterly Results - Management's Discussion and Analysis. Fiera Capital will hold a conference call at 10:00 a.m. (ET) on Friday, August 8, 2025, to discuss its financial results. The dial-in number to access the conference call from Canada and the United States is 1-800-990-4777 (toll-free) and 1-289-819-1299 from outside North America. The conference call will also be accessible via webcast on the Investor Relations section of Fiera Capital's website under Events and Presentations. Replay An audio replay of the call will be available until August 15, 2025 by dialing 1-888-660-6345 (North American toll free), access code 49008 followed by the number sign (#). The webcast will remain available for three months following the call and can be accessed on the Investor Relations section of Fiera Capital's website under Events and Presentations. Non-IFRS Measures Earnings before interest, taxes, depreciation and amortization ("EBITDA"), Adjusted EBITDA, Adjusted EBITDA margin and Adjusted EBITDA per share, Adjusted net earnings and Adjusted net earnings per share (basic and diluted), and Last Twelve Months ("LTM") Free Cash Flow are not standardized measures prescribed by International Financial Reporting Standards ("IFRS"), and are therefore unlikely to be comparable to similar measures presented by other companies. We have included non-IFRS measures to provide investors with supplemental measures of our operating and financial performance. We believe non-IFRS measures are important supplemental metrics of operating and financial performance because they highlight trends in our core business that may not otherwise be apparent when relying solely on IFRS measures. Securities analysts, investors and other interested parties frequently use non-IFRS measures in the evaluation of issuers, many of which present non-IFRS measures when reporting their results. Management also uses non-IFRS measures in order to facilitate operating and financial performance comparisons from period to period, to prepare annual budgets and to assess its ability to meet future debt service, capital expenditure and working capital requirements. For a description of the Company's non-IFRS Measures, please refer to page 51 of the Company's Management's Discussion and Analysis for the three months ended June 30, 2025 which is available on SEDAR+ at For a reconciliation of the Company's non-IFRS Measures, refer to the below tables: FOR THE THREE MONTHS ENDED FOR THE SIX-MONTH PERIODS ENDED June 30, 2025 March 31, 2025 June 30, 2024 June 30, 2025 June 30, 2024 Net earnings 5,960 23,902 6,578 29,862 16,344 Income tax expense 1,799 3,679 2,531 5,478 3,531 Amortization and depreciation 12,215 12,270 12,603 24,485 25,445 Interest on long-term debt and debentures 12,057 11,389 12,431 23,446 24,134 Interest on lease liabilities, foreign currency revaluation and other financial charges (740) 433 2,087 (307) 5,009 EBITDA 31,291 51,673 36,230 82,964 74,463 Restructuring, acquisition related and other costs 10,112 2,818 5,140 12,930 9,633 Accretion and change in fair value of purchase price obligations and other (7) (932) (680) (939) (1,799) Share-based compensation 5,022 2,599 4,813 7,621 8,586 Gain on investments, net (190) (542) (222) (732) (209) Revaluation of assets held for sale — (12,730) — (12,730) — Other expenses (income) (536) 517 3 (19) 5 Adjusted EBITDA 45,692 43,403 45,284 89,095 90,679 Adjusted EBITDA Margin 28.0 % 26.6 % 27.5 % 27.3 % 27.2 % Per share basic 0.42 0.40 0.42 0.82 0.85 Per share diluted 0.41 0.31 0.42 0.68 0.83 Weighted average shares outstanding - basic (thousands) 108,068 108,003 106,584 108,032 106,515 Weighted average shares outstanding - diluted (thousands) 111,709 140,459 109,023 130,091 108,957 Reconciliation to Adjusted Net Earnings (in $ thousands except per share data) FOR THE THREE MONTHS ENDED FOR THE SIX-MONTH PERIODS ENDED June 30, 2025 March 31, 2025 June 30, 2024 June 30, 2025 June 30, 2024 Net earnings attributable to the Company's shareholders 3,757 21,789 4,895 25,546 12,540 Amortization and depreciation 12,215 12,270 12,603 24,485 25,445 Restructuring, acquisition related and other costs 10,112 2,818 5,140 12,930 9,633 Accretion and change in fair value of purchase price obligations and other, and effective interest on debentures 320 (703) (412) (383) (1,325) Share-based compensation 5,022 2,599 4,813 7,621 8,586 Revaluation of an investment related to an acquisition — (12,730) — (12,730) — Other expenses (income) (536) 517 3 (19) 5 Tax effect of above-mentioned items (3,692) (1,134) (2,170) (4,826) (3,923) Adjusted net earnings 27,198 25,426 24,872 52,624 50,961 Per share – basic Net earnings (loss) 1 0.03 0.20 0.05 0.24 0.12 Adjusted net earnings 1 0.25 0.24 0.23 0.49 0.48 Per share – diluted Net earnings (loss) 1 0.03 0.17 0.04 0.22 0.12 Adjusted net earnings 1 0.24 0.20 0.23 0.42 0.47 Weighted average shares outstanding - basic (thousands) 108,068 108,003 106,584 108,032 106,515 Weighted average shares outstanding - diluted (thousands) 111,709 140,459 109,023 130,091 108,957 1 Attributable to the Company's shareholders Free Cash Flow Reconciliation (in $ thousands) FOR THE THREE MONTHS ENDED Q2 Q1 Q4 Q3 Q2 Q1 Q4 Q3 2025 2025 2024 2024 2024 2024 2023 2023 Cash flow from operations before the impact of working capital 33,647 37,658 47,487 48,589 37,218 34,641 70,265 46,180 Changes in non-cash operating working capital items 8,287 (55,639) 4,464 6,187 15,807 (60,389) (12,666) 33,528 Net cash generated by (used in) operating activities 41,934 (17,981) 51,951 54,776 53,025 (25,748) 57,599 79,708 Settlement of purchase price obligations — — (937) — (1,500) — — — Proceeds on promissory note 1,406 1,509 1,538 1,502 1,521 1,501 1,500 1,510 Distributions received from joint ventures and associates, net of investments 4,061 531 (321) 925 8,137 3,326 1,723 1,617 Dividends and other distributions to Non-Controlling Interest (1,191) (9,110) — — (6,215) — (3,167) — Lease payments (3,851) (3,913) (3,862) (4,727) (3,038) (4,718) (4,690) (3,837) Interest paid on long-term debt and debentures (14,213) (11,814) (10,519) (11,244) (12,775) (13,995) (6,299) (12,174) Other restructuring costs 2,329 1,873 3,333 1,015 2,685 1,569 2,075 1,226 Acquisition related and other costs 27 129 180 — — 32 420 130 Free Cash Flow 30,502 (38,776) 41,363 42,247 41,840 (38,033) 49,161 68,180 LTM Free Cash Flow 75,336 86,674 87,417 95,215 121,148 71,847 89,212 98,056 Forward-Looking Statements This document contains forward-looking statements relating to future events or, future performance reflecting management's expectations or beliefs regarding future events, including, without limitation, business and economic conditions, outlook and trends, Fiera Capital's growth, results of operations, performance, business prospects and opportunities, objectives, plans and strategic priorities, new initiatives, such as those related to sustainability and other statements that do not refer to historical facts. Forward-looking statements may include comments on Fiera Capital's objectives, strategies to achieve these objectives, expected financial results or dividends, and the outlook for the Company's businesses, as well as for the Canadian, American, European, Asian and other global economies. Such forward-looking statements reflect management's current beliefs and are based on factors and assumptions it considers to be reasonable based on information currently available to management. These forward-looking statements may typically be identified by words and expressions such as "assumption, "continue", "estimate", "forecast", "goal", "guidance", "likely", "plan", "objective", "outlook", "potential", "foresee", , "project", "strategy", "target", and other similar words or expressions or future or conditional verbs (including in their negative form), such as "aim", "anticipate", "believe", "could", "expect", "foresee", "intend", "may", "plan", "predict", "seek", "should", "strive" and "would". Forward-looking statements, by their very nature, are subject to inherent risks and uncertainties and are based on several assumptions, which make it possible for actual results or events to differ materially from management's expectations and that predictions, forecasts, projections, expectations, conclusions or statements will not prove to be accurate. As a result, the Company does not guarantee that any forward-looking statement will materialize and readers are cautioned not to place undue reliance on these forward-looking statements. Forward-looking statements are presented for the purpose of assisting investors and others in understanding certain key elements of the Company's objectives, strategies, expectations, plans and business outlook as well as the anticipated operating environment. Readers are cautioned, however, that such information may not be appropriate for other purposes. A number of important risk factors and uncertainties, many of which are beyond Fiera Capital's control, could cause actual events, performance or results to differ materially from the predictions, forecasts, projections, expectations, conclusions or statements expressed in such forward-looking statements which include, without limitation: risks related to investment performance, investment of the assets under management ("AUM"), including, without limitation, risks related to external market and economic conditions and other events beyond Fiera Capital's control such as the imposition of economic measures such as tariffs and other trade restrictions, AUM concentration related to strategies sub-advised by PineStone, key employees, asset management industry and competitive pressure, reputational risk, regulatory compliance, information security policies, procedures and capabilities, litigation risk, employee misconduct or error, insurance coverage, third-party relationships, client commitment, indebtedness, market risk, credit risk, inflation, interest rates and recession risks, ownership structure and potential dilution and other risks and uncertainties described in the Company's Annual Information Form for the year ended December 31, 2024 under the heading " Risk Factors and Uncertainties" or discussed in other materials filed by the Company with applicable securities regulatory authorities from time to time which are available on SEDAR+ at Readers are cautioned that the preceding list of risk factors and uncertainties is not exhaustive and that other risks and uncertainties could affect the Company. Additional risks and uncertainties, including those not currently known to Fiera Capital or currently deemed immaterial, could also have a material adverse effect on the Company's business, financial condition, liquidity, operations or financial results. When relying on forward-looking statements in this document or in any other disclosure made by Fiera Capital, investors and others should carefully consider the risks and uncertainties listed above, along with other potential events that could affect the Company's financial condition, operations, performance or results. Unless otherwise indicated, forward-looking statements in this press release describe management's expectations as at the date hereof and, accordingly, are subject to change after that date. Fiera Capital does not undertake to update or revise any forward-looking statement, whether written or oral, that may be made from time to time by it or on its behalf in order to reflect new information, future events or circumstances or otherwise, except as required by applicable law. About Fiera Capital Corporation Fiera Capital is a leading independent asset management firm with a growing global presence. The Company delivers customized and multi-asset solutions across public and private market asset classes to institutional, financial intermediary and private wealth clients across North America, Europe and key markets in Asia and the Middle East. Fiera Capital's depth of expertise, diversified investment platform and commitment to delivering outstanding service are core to our mission of being at the forefront of investment management science to create sustainable wealth for clients. Fiera Capital trades under the ticker FSZ on the Toronto Stock Exchange. Headquartered in Montreal, Fiera Capital, with its affiliates in various jurisdictions, has offices in over a dozen cities around the world, including New York (U.S.), London (UK), Hong Kong (SAR) and Abu Dhabi (ADGM). Each affiliated entity (each an "Affiliate") of Fiera Capital only provides investment advisory or investment management services or offers investment funds in the jurisdictions where the Affiliate is authorized to provide services pursuant to the relevant registrations, an exemption from such registrations and/or the relevant product is registered or exempt from registration. Fiera Capital does not provide investment advice to U.S. clients or offer investment advisory services in the U.S. In the U.S., asset management services are provided by Fiera Capital's Affiliates who are investment advisers that are registered with the U.S. Securities and Exchange Commission (SEC) or exempt from registration. Registration with the SEC does not imply a certain level of skill or training. For details on the particular registration of, or exemptions therefrom relied upon by, any Fiera Capital entity, please consult
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Odd Burger Reports Record Revenue and Positive EBITDA in Q3 Financial Results
LONDON, ON, , Aug. 8, 2025 /CNW/ - Odd Burger Corporation (" Odd Burger" or the " Company") (TSXV: ODD) (OTCPK: ODDAF) (FSE: IA9), one of the world's first vegan fast-food chains and a pioneer in plant-based quick service, is pleased to announce that its financial results for its third quarter, ended June 30, 2025, have been posted with Canadian securities regulatory authorities at Odd Burger reported its highest quarterly revenue in the Company's history and achieved positive EBITDA, a key indicator that Odd Burger's core operations are profitable. Financial Highlights – Q3 2025 (unaudited) Revenue: $1,044,646 — a record high for the Company, representing a 42.8% increase over Q2 2025 and an 18.8% increase over Q3 2024. EBITDA: $40,407 — a improvement of $282,426 from negative EBITDA of $(242,019) in Q2 2025, marking a key milestone for the Company's profitability. Gross Margin: $443,575 (42.5%) — up from 34.0% in Q2 2025, driven by increased franchise revenue and improved pricing in retail sales channels. Net Loss: $(147,905) — a 60% improvement over Q2 2025 net loss of $(372,300). Salaries & Wages: $126,658 — reduced by 57% compared to Q3 2024 due to leaner staffing strategies. SG&A Expenses: $222,912 — down $130,569 from Q2 2025. "Achieving positive EBITDA this quarter marks a critical milestone for Odd Burger," said James McInnes, CEO and Co-Founder of Odd Burger. "It validates the strength of our business model and demonstrates that we can scale efficiently while maintaining operational discipline. Surpassing $1 million in quarterly revenue for the first time—paired with strong gross margins—highlights both the growing demand for our offering and the exceptional execution by our team." SUMMARY OF QUARTERLY RESULTS The following sets forth unaudited financial information for each of the last eight quarters and subsequent abbreviated analysis from the company's MD&A. Revenue & Gross Margin In Q3 2025, revenue rose by $313,309 (42.8%) over Q2 2025 and by $165,279 (18.8%) over Q3 2024, driven by new food processing sales to franchise and CPG channels. Gross margin reached $443,575 (42.5%), up from $248,421 (34.0%) in Q2 2025 and $406,651 (46.1%) in Q3 2024. The margin increase over Q2 reflects higher franchise revenue and pricing increases in CPG distribution. Salaries, Wages and Professional Fees Q3 2025 salaries and wages were $126,658, up $55,535 from Q2 but down $166,364 from Q3 2024, reflecting leaner staffing. Professional fees totaled $211,433, increasing from $179,818 in Q2 and $42,818 in Q3 2024, mainly due to legal and investor relations costs. SG&A expenses were $222,912—down $130,569 from Q2, but up $108,535 from Q3 2024, largely due to the prior year's reversal of a $207,747 expected credit loss tied to a re-leased franchise location. Net Loss and EBITDA Q3 2025 net loss was $147,905, improving by $224,395 from Q2 2025. Compared to Q3 2024's net loss of $120,461, the result is relatively flat. EBITDA reached $40,407—up $282,426 from Q2's negative $242,019 EBITDA, but $77,161 lower than Q3 2024. About Odd Burger Corporation Odd Burger Corporation is a franchised vegan fast-food restaurant chain and food technology company that manufactures a proprietary line of plant-based protein and dairy alternatives. Its manufactured products are distributed to Odd Burger restaurant locations through its foodservice line and also sold at grocery retailers through its consumer-packaged goods (CPG) line. Odd Burger restaurants operate as smart kitchens, which use state-of-the art cooking technology and automation solutions to deliver a delicious food experience to customers craving healthier and more sustainable fast food. With small store footprints optimized for delivery and takeout, advanced cooking technology, competitive pricing, a vertically integrated supply chain along with healthier ingredients, Odd Burger is revolutionizing the fast-food industry by creating guilt-free fast food that can be enjoyed at its restaurant locations or at home though its CPG line. Odd Burger Corporation is traded on the TSX Venture Exchange under the symbol "ODD" and on the OTCPK under the symbol "ODDAF". For more information visit Forward-Looking Information This news release contains forward-looking information for the purpose of providing information about management's current expectations and plans relating to the future. Readers are cautioned that reliance on such information may not be appropriate for other purposes. Any such forward-looking information may be identified by words such as "proposed", "expects", "intends", "may", "will", and similar expressions. Forward looking information contained or referred to in this news release includes statements relating to approval of the TSX Venture Exchange, future restaurant openings, potential franchisees, demand for our products and other similar statements. Forward-looking information is based on several factors and assumptions which have been used to develop such information, but which may prove to be incorrect including, but not limited to material assumptions with respect to the continued strong demand for the Company's products, the availability of sufficient financing on reasonable terms to fund the Company's capital requirements and the ability to obtain necessary equipment, production inputs and labour. Although the Company believes that the expectations reflected in such forward-looking information are reasonable, undue reliance should not be placed on forward-looking information because the Company can give no assurance that such expectations will prove to be correct. Risks and uncertainties that could cause actual results, performance or achievements of the Company to differ materially from those expressed or implied in such forward-looking information include, among others, negative cash flow and future financing requirements to sustain and grow operations, limited history of operations and revenues and no history of earnings or dividends, expansion of facilities, competition, availability of raw materials, dependence on senior management and key personnel, general business risk and liability, regulation of the food industry, change in laws, regulations and guidelines, compliance with laws, unfavourable publicity or consumer perception, product liability and product recalls, risks related to intellectual property, difficulties with forecasts, management of growth and litigation, as well as the impact of, uncertainties and risks associated with the ongoing COVID-19 pandemic, many of which are beyond the control of the Company. For a more comprehensive discussion of the risks faced by the Company, please refer to the Company's Annual Information Form filed with Canadian securities regulatory authorities at The forward-looking information in this news release reflects the current expectations, assumptions and/or beliefs of the Company based on information currently available. Any forward-looking information speaks only as of the date on which it is made and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking information, whether as a result of new information, future events or results or otherwise. The forward-looking information contained in this news release is expressly qualified by this cautionary statement. Non-GAAP Measures This news release may refer to certain non-GAAP measures. These measures are not recognized measures under IFRS, do not have a standardized meaning prescribed by IFRS, and are therefore unlikely to be comparable to similar measures presented by other companies. Rather, these measures are provided as additional information to complement those IFRS measures by providing further understanding of our results of operations from management's perspective. Accordingly, these measures should not be considered in isolation nor as a substitute for analysis of our financial information reported under IFRS. The TSX Venture Exchange has neither approved nor disapproved the contents of this news release. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.
Globe and Mail
14 minutes ago
- Globe and Mail
American Lithium Announces Management Change
VANCOUVER, British Columbia, Aug. 08, 2025 (GLOBE NEWSWIRE) -- American Lithium Corp. ('American Lithium' or the 'Company') (TSX-V:LI | OTCQX:AMLIF | Frankfurt:5LA1) announces the appointment of Gregory Barbier as Chief Financial Officer (CFO) effective August 7, 2025, succeeding Paul Charlish. Mr. Barbier has more than fifteen years of experience in financial reporting, budgeting, financial planning, and cost analysis in multiple industries and countries. Prior to joining American Lithium Corp. in October 2024 as Controller, he held Vice President Finance roles at two publicly listed mining companies in Canada. Mr. Barbier received his Master of Business Administration from the University of New Orleans and his Master in Audit & Finance from the EM Normandie Business School. He is fluent in English, Spanish and French. He is a Certified Financial Analyst charter holder. Alex Tsakumis, Interim CEO of American Lithium, comments, 'We are excited to see Gregory in his new role. His experience with the Company over the past year has made him well-equipped to succeed, and we are confident he will make a strong impact in this position. We also thank Paul for commitment and contribution during his time with the Company and wish him the best moving forward.' About American Lithium American Lithium is developing two of the world's largest, advanced-stage lithium projects, along with the largest undeveloped uranium project in Latin America. They include the TLC claystone lithium project in Nevada, the Falchani hard rock lithium project and the Macusani uranium deposit, both in southern Peru. All three projects have been through robust preliminary economic assessments, exhibit significant expansion potential and enjoy strong community support. For more information, please contact the Company at info@ or visit our website at Follow us on Facebook, Twitter and LinkedIn. On behalf of the Board of Directors of American Lithium Corp. 'Alex Tsakumis' Interim CEO Tel: 604 428 6128 Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this news release.
