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Mar 31
BrightSphere Q1 2025 Earnings Report
Acadian Asset Management Inc. reported strong financial and operating results for the first quarter ended March 31, 2025, with significant increases in earnings per share, net income, and AUM.
Key Takeaways
Acadian Asset Management Inc. delivered a strong performance in Q1 2025, with U.S. GAAP diluted EPS increasing by 46% to $0.54 and net income attributable to controlling interests rising by 38% to $20.1 million. The company's AUM grew to $121.9 billion, and it achieved $3.8 billion in positive net flows, marking its strongest quarter in nineteen years.
U.S. GAAP diluted EPS increased by 46% to $0.54.
Net income attributable to controlling interests rose by 38% to $20.1 million.
Assets Under Management (AUM) reached $121.9 billion.
Positive net flows of $3.8 billion, the highest in nineteen years.
BrightSphere
BrightSphere
Forward Guidance
Acadian Asset Management Inc. expects to continue generating strong cash flow, maintaining a strong balance sheet, and deploying excess capital to support organic growth and share buybacks. The company anticipates its full-year 2025 Operating Expense Ratio to be approximately 47%-49% and its Variable Compensation Ratio to be 44%-48%.
Positive Outlook
- Expects to continue generating strong cash flow.
- Plans to maintain a strong balance sheet.
- Will deploy excess capital to support organic growth.
- Will continue share buybacks.
- Anticipates full-year 2025 Operating Expense Ratio of approximately 47%-49%.
Challenges Ahead
- Operating Expense Ratio is subject to fluctuations as AUM and ENI management fees change.
- Variable Compensation Ratio is subject to fluctuations.
- Revolving credit facility is expected to be fully paid down by year-end, which might impact short-term liquidity.
- The equity market remaining at the same level will impact the distribution ratio.
- Mix of core and performance fee profits will impact the distribution ratio.