Acadian Asset Management Inc. (AAMI) Q4 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

initial performance. Each forward-looking statement is subject to risks and certainties that could cause actual results to differ materially from those projected. Additional information regarding these risks and certainties appears in our FEC filing, including the form 8-K filed today containing the earnings review. our 2024 Form 10-K and our Form 10-Q for the first, second, and third quarters of 2025. Any forward-looking statements that we make on this call are based on assumptions as of today, and we undertake no obligation to update them as a result of new information of future events. We may also reference certain non-GAAP financial measures. information about any non-GAAP measures referenced, including the reconciliation of those measures to GAAP measures, can be found on our website, along with the slide that we will use as part of today's discussion. Finally, nothing herein shall be deemed to be an offer or solicitation to buy any investment product. Kelly Yang, Our President and Chief Executive Officer will leave the call. And now, I'm pleased to turn the call over to Kelly. Thanks, Melody. Good morning, everyone, and thanks for joining us today. I'm delighted to share our Q4 25 and full-year 2025 results with you. I'm pleased to highlight that we delivered breakout results across assets under management and profitability. We ended Q4 2025 on another high note. Our US GAAP net income attributable to controlling interests was down 18% and EPS was down 14% compared to the year prior due to increased non-cash expenses representing changes in the valuation of Acadian LLC equity and profits interest. Our ENI diluted EPS of $1.32 was up 2% driven by share repurchases the highest level of quarterly ENI EPS in the firm's history. Our adjusted EBITDA was up 1%. We rea...