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Fiera Capital Q1 Net Earnings, Revenues Drop

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-- Fiera Capital (FSZ.TO) reported a fall in net earnings in the first quarter as revenue decreased year-over-year.

For the three months ended March 31, 2026, the company reported net earnings of $2.8 million or adjusted earnings per diluted share of $0.21 compared with $21.8 million or adjusted EPS of $0.20, a year earlier.

Revenue decreased to $153.3 million compared with $162.9 million, a year-ago, primarily due to lower base management fees from sub-advised mandates, lower share of earnings in joint ventures and associates, and lower commitment and transaction fees, it said.

"The first quarter of 2026 was marked by heightened market volatility in the month of March, resulting in market losses which have already reversed in the second quarter to-date," said Fiera Capital Chief Executive Maxime Menard.

Its board approved a dividend of 10.8 cents per share, unchanged from the prior quarter, payable on June 18.

Shares of the company closed up 1.4% to $5.79 on Thursday on the Toronto Stock Exchange.

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