John Dunn

Kenneth Lee

Michael Cyprys

- Acadian Asset Management Inc. achieved a **record high AUM of $166.4 billion** as of September 30, 2025, driven by **$6.4 billion in positive net client cash flows** in Q3 2025, which was the second highest in the firm's history.  **[0001748824_2216687_1]** **[0001748824_2216687_2]** **[0001748824_2216687_4]** 
- For Q3 2025, the company's ENI diluted EPS was **$0.76, up 29%** compared to the prior year, and ENI revenue increased **12% to $136 million** from Q3 2024.  **[0001748824_2216687_1]** **[0001748824_2216687_3]** **[0001748824_2216687_4]** 
- The ENI operating margin expanded to **33.2%** in Q3 2025, up from 31.7% in Q3 2024, reflecting improved operating leverage.  **[0001748824_2216687_3]** **[0001748824_2216687_4]** 
- Acadian repurchased **0.1 million shares, or $5 million** of stock, during Q3 2025 and announced the refinancing of its $275 million senior notes with a new $200 million term loan, which is expected to reduce the gross debt to adjusted EBITDA ratio to approximately **1 times**.  **[0001748824_2216687_3]** **[0001748824_2216687_4]**

Acadian Asset Management Inc. Reports Record AUM and Strong Q3 2025 Financial Performance

- Acadian (AAMI) reported **record Assets Under Management (AUM) of $166.4 billion** as of Q3 2025, representing a **38% increase** from Q3 2024, driven by **net inflows of $6.4 billion**.  **[0001748824_2215298:0]** **[0001748824_2215298:1]** **[0001748824_2215298:7]** 
- For Q3 2025, **U.S. GAAP diluted EPS decreased 7% to $0.42**, while **Economic Net Income (ENI) diluted EPS increased 29% to $0.76**.  **[0001748824_2215298:0]** **[0001748824_2215298:1]** **[0001748824_2215298:3]**  This divergence was primarily due to increased non-cash expenses impacting GAAP results, while ENI benefited from significant growth in recurring management fees.  **[0001748824_2215298:1]** 
- **Adjusted EBITDA grew 12% to $45.1 million** in Q3 2025.  **[0001748824_2215298:0]** **[0001748824_2215298:1]** **[0001748824_2215298:3]**  **ENI revenue increased 11.5% to $136.3 million**, with management fees up **21% to $136.1 million**.  **[0001748824_2215298:3]** **[0001748824_2215298:4]** 
- The company continued its capital management efforts, repurchasing **0.1 million shares for $5.0 million** in Q3 2025, and announced the **redemption of $275 million in Senior Notes** to be financed by a new **$200 million bank term loan** and balance sheet cash.  **[0001748824_2215298:6]** **[0001748824_2215298:7]** 
- Acadian maintains a strong performance track record, with **95% of strategies by revenue outperforming benchmarks over a 5-year period**.  **[0001748824_2215298:0]** **[0001748824_2215298:1]**

Acadian Asset Management (AAMI)