10:48 AM EST, 11/13/2025 (MT Newswires) -- Fiera Capital ( FRRPF ) , an independent asset-management firm, on Thursday reported a fall in net earnings in the third quarter due to lower revenues and higher restructuring costs.

For the three-months ended Sept. 30, net earnings was $5.8 million compared with $12.6 million, a year earlier. Adjusted net earnings per share for the quarter was $0.23 compared with $0.25 per share, a year-ago, but beat consensus estimate compiled by FactSet of $0.22 per share.

Revenue for the quarter decreased to $167.1 million compared with $171.7 million a year-ago, primarily due to lower base management fees in Public Markets and lower other revenues, partly offset by higher base management fees in Private Markets. The results missed consensus estimate compiled by FactSet of $166.9 million.

"This quarter we delivered positive net organic growth of close to $900 million, returning the firm to positive total net flows" said Fiera Capital ( FRRPF ) Chief Executive Maxime Menard.

The board also declared a quarterly dividend of $0.108 per Class A Share and Class B Share, unchanged from the prior quarter, payable on December 22, to shareholders of record at the close of business on November 24.

Shares of the company were last seen up 2.7% at $6.44 on the Toronto Stock Exchange.

Price: 6.48, Change: +0.21, Percent Change: +3.35