Revenue: As of FY2026 Q2, the actual value is USD 185.1 M.

EPS: As of FY2026 Q2, the actual value is USD 0.76.

EBIT: As of FY2026 Q2, the actual value is USD 35.2 M.

Financial Performance (Q2 2026 vs. Q2 2025)

Net Income and Earnings

• U.S. GAAP net income attributable to controlling interests was $27.3 million, a 170% increase compared to Q2 2025 .
• Economic Net Income (ENI) was $47.5 million, a 107% increase compared to Q2 2025 .
• Adjusted EBITDA was $69.9 million, a 79% increase compared to Q2 2025 .

Revenue and Fee Performance

• Record quarterly management fees reached $176.5 million, up 44% from Q2 2025 .
• Total ENI revenue was $183.2 million, an increase of 47% from Q2 2025, primarily due to recurring management fee growth and an increase in performance fees .
• U.S. GAAP revenue was $185.1 million, a 45.3% increase from Q2 2025 .

Operational Efficiency

• U.S. GAAP operating income was $32.4 million, a 100% increase compared to Q2 2025 .
• U.S. GAAP operating margin expanded by 479 basis points to 17.5% in Q2 2026, up from 12.7% in Q2 2025 .
• ENI operating margin expanded by 959 basis points to 40.3% for the quarter, up from 30.7% in Q2 2025 .
• ENI operating expenses increased 19% to $64.9 million, primarily driven by higher G&A expenses, technology and infrastructure investments, AUM-driven servicing costs, increased sales-based compensation, and higher fixed compensation and benefits .
• ENI variable compensation increased 39% year-over-year to $44.4 million, primarily driven by higher profit before variable compensation .

Assets Under Management (AUM) and Flows

• Assets Under Management (AUM) were $232.7 billion at June 30, 2026, up 54% from Q2 2025 ($151.1 billion) .
• Net client cash flows (NCCF) were $4.3 billion for Q2 2026, representing a 9% annualized growth rate, driven by Enhanced and Extension strategies, marking the tenth consecutive quarter of positive net client cash flows .
• AUM by client location as of Q2 2026 included U.S. at $117.3 billion (50.4%), EMEA at $63.3 billion (27.2%), Asia Pacific at $41.0 billion (17.6%), and Other at $11.1 billion (4.8%) .
• AUM by strategy as of Q2 2026 included Enhanced Equity at $71.6 billion (30.8%), Non-U.S. Equity at $47.3 billion (20.3%), Small Cap Equity at $35.4 billion (15.2%), Emerging Markets Equity at $31.7 billion (13.6%), Global Equity at $29.5 billion (12.7%), and Other at $17.2 billion (7.4%) .

Capital Management and Balance Sheet

• Cash and cash equivalents totaled $64.6 million as of June 30, 2026 .
• Acadian Asset Management Inc. had a $200.0 million balance on its term loan credit facility and no outstanding balance on its revolving credit facility as of June 30, 2026 .
• Acadian Asset Management Inc. repurchased 0.2 million shares of common stock for an aggregate total of $10.6 million during Q2 2026 .
• The Board of Directors approved a quarterly interim dividend of $0.10 per share payable on September 25, 2026 .
• The Company reported a leverage ratio of 0.8x and a net leverage ratio of 0.5x as of June 30, 2026 .

Investment Performance

• As of June 30, 2026, 96% of Acadian Asset Management Inc.’s strategies by revenue beat their respective benchmarks over the prior 3-, 5-, and 10-year periods .

Outlook / Guidance

Acadian Asset Management Inc. plans to continue focusing on its established investment process and executing its growth strategy, which includes new product offerings and distribution initiatives, while maintaining expense discipline . The company expects to generate strong free cash flow, prioritizing organic growth and balance sheet flexibility, and subsequently returning excess capital to shareholders through dividends and share repurchases . For the full year 2026, contractual allocations imply an ENI Variable Compensation Ratio of 38%-42% and an Acadian LLC Key Employee Distribution Ratio of 12%-14% .