"Company†), a leading independent global wealth manager with $89 billion in assets, today confirmed that it has received multiple preliminary indications of interest regarding a potential transaction with the Company. The Board of Directors of the Company has formed a Special Committee of independent directors to consider these preliminary indications of interest and to assess potential strategic options to maximize long. NEW YORK--(BUSINESS WIRE)--AlTi Global, Inc. (NASDAQ: ALTI) ("AlTi" or the ...

Financial Performance - Total revenue for Q3 2025 was $57.238 million, an increase of 10.4% compared to $51.809 million in Q3 2024[20] - Management/advisory fees rose to $51.680 million in Q3 2025, up from $48.101 million in Q3 2024, reflecting a growth of 5.3%[20] - The net loss attributable to AlTi Global, Inc. for Q3 2025 was $84.135 million, compared to a loss of $72.542 million in Q3 2024[23] - Basic net loss per share from continuing operations was $(0.69) for Q3 2025, compared to $(0.13) for Q3 2024[23] - The net loss for the period ending September 30, 2025, was $106,954,000, compared to a net loss of $139,879,000 for the previous period, indicating an improvement of about 23.5%[28] - For the nine months ended September 30, 2025, AlTi Global reported a net loss from continuing operations of $109,033 thousand, compared to a net loss of $37,929 thousand for the same period in 2024, representing an increase in loss of 187%[35] - The net loss for the nine months ended September 30, 2025, was $106.8 million, compared to a net loss of $43.1 million for the same period in 2024[213] Operating Expenses and Impairments - Total operating expenses increased to $85.735 million in Q3 2025, compared to $61.322 million in Q3 2024, representing a rise of 39.8%[20] - The company reported an impairment loss on goodwill and intangible assets of $35 million in Q3 2025[21] - The company experienced a significant impairment loss on goodwill and intangible assets amounting to $35,000 thousand, down from $74,267 thousand in the previous year, indicating a 53% reduction[35] Assets and Liabilities - Total assets decreased to $1.154 billion as of September 30, 2025, down from $1.256 billion as of December 31, 2024[18] - Cash and cash equivalents decreased to $35.847 million as of September 30, 2025, from $64.417 million as of December 31, 2024[18] - The company’s total liabilities decreased to $270.590 million as of September 30, 2025, from $285.638 million as of December 31, 2024[18] - The total shareholders' equity decreased to $883.834 million as of September 30, 2025, down from $970.195 million as of December 31, 2024[18] - As of September 30, 2025, total shareholders' equity amounted to $883,834,000, a decrease from $990,187,000 at June 30, 2025, reflecting a decline of approximately 10.7%[27] Cash Flow and Investments - Cash flows from operating activities from continuing operations resulted in a net cash outflow of $53,528 thousand, compared to an outflow of $16,448 thousand in the prior year, reflecting a 226% increase in cash used[35] - The company reported net cash provided by investing activities from continuing operations of $13,221 thousand, a significant recovery from a net cash outflow of $85,888 thousand in the same period last year[37] - The cash and cash equivalents at the end of the period were $35,847 thousand, down from $220,592 thousand a year earlier, indicating a decrease of 84%[37] Shareholder Equity and Stock - Preferred share dividends accrued during the period totaled $6,124,000, with a preferred stock tranche issuance of $18,471,000[28] - The issuance of shares for business combination resulted in a reduction of $24,396,000 in Class A Common Stock[27] - The company’s total shares outstanding for Class A Common Stock increased to 102,464,812 as of September 30, 2025, from 101,567,545 at June 30, 2025[27] - Class A Common Stock increased from 93,686,980 shares as of December 31, 2024, to 102,464,812 shares as of September 30, 2025, a growth of 9.2%[54] Acquisitions and Disposals - The Company disposed of its International Real Estate segment during the third quarter ended September 30, 2025, reorganizing into one operating segment[55] - The Company recognized a loss of $19.6 million upon the disposal of its International Real Estate Businesses, classified as discontinued operations[157] - The total purchase consideration for the Kontora Acquisition was $15.7 million, which included contingent consideration of $5.7 million tied to future revenue streams[202] Revenue Recognition and Fees - The Company’s revenue streams include management fees, performance fees, distributions from investments, and other income[56] - The company recognizes revenue from investment management, trustee, and custody fees at the time of transfer of promised goods or services to customers[86] - Investment management fees are recognized over the period services are performed, with revenue varying based on assets under administration (AUA) changes[87] - The company charges investment management fees based on the fair value of assets under management (AUM), with fixed fees applied in certain circumstances[89] Global Operations and Market Position - AlTi Global's total assets under management reached approximately $89.2 billion as of September 30, 2025, maintaining a strong position in the wealth management sector[40] - As of September 30, 2025, AlTi Global had approximately 490 professionals operating in 19 cities across 9 countries, highlighting its extensive global reach[40] - The Company has strategic investments with External Strategic Managers managing approximately $5.4 billion of AUM as of September 30, 2025[69]

Company Overview - AlTi Global manages or advises on approximately $89 billion in combined assets[4] - The company boasts a 96% client retention rate since 2021[12] - Recurring revenues account for 96% of total revenues[12] - U S wealth management AUM constitutes 68% of the total, while non-U S wealth management AUM makes up 32%[58] Financial Performance (Q3 2025) - Total revenue reached $57 million, a 10% increase compared to Q3 2024's $51 8 million[82, 84] - Management and advisory fees amounted to $51 7 million, a 7% rise from $48 1 million in Q3 2024[82] - Assets Under Management (AUM) grew to $49 billion, a 6% increase year-over-year[82, 84] - Assets Under Advisement (AUA) reached $89 2 billion[82] Strategic Initiatives - The company received strategic investments of up to $450 million from Allianz X and CWC[51]

1 A l T i G l o b a l T h i r d Q u a r t e r 2 0 2 5 E a rn i n g s | N o v e m b e r 1 2 , 2 0 2 5 Notes and Important Disclosures This Presentation (thoseher with oral statements made in cornection herewth, the "Presentation") is for informational purposes only b assist interested parties in education or the "Company"). About AlTi Global AT) Global is a leading independent global wealth manager providing entrepreneurs, multi-generational families, institutions, and emerging next-generation leaders with f ...

Core Insights - AlTi Global, Inc. is a leading independent global wealth manager with over $88 billion in combined assets [1] Company Participation - Mike Harrington, the Chief Financial Officer of AlTi, will participate in and host meetings at the Wolfe Wealth Symposium [1] - The event is scheduled to take place at the Wolfe Offices in New York City on November 12th [1] Company Overview - AlTi provides services to entrepreneurs, multi-generational families, and institutions [1]

Core Viewpoint - AlTi Global, Inc. is set to release its financial results for Q3 2025 on November 10, 2025, after market close, indicating a proactive approach to investor communication [1] Financial Results Announcement - The company will announce its financial results for the third quarter of 2025, highlighting its ongoing commitment to transparency and investor relations [1] - A conference call and webcast will be held on the same day at 5:00 PM Eastern Time to discuss the financial results and provide a business update [1] Company Overview - AlTi Global, Inc. is identified as a leading independent global wealth manager with over $88 billion in combined assets, showcasing its significant market presence and financial strength [1]

Company Overview - AlTi Global, Inc. (ALTI) is currently experiencing significant activity in the options market, particularly with the Sep 19, 2025 $2.50 Put option showing high implied volatility, indicating potential for a major price movement [1] - The company holds a Zacks Rank of 5 (Strong Sell) within the Financial - Miscellaneous Services industry, which is positioned in the top 20% of the Zacks Industry Rank [3] Analyst Sentiment - Over the past 60 days, no analysts have raised their earnings estimates for AlTi Global for the current quarter, while one analyst has lowered the estimate, resulting in a decrease in the Zacks Consensus Estimate from earnings of 4 cents per share to 3 cents [3] Options Market Insights - The high implied volatility surrounding AlTi Global shares suggests that options traders are anticipating a significant price movement, which could be indicative of an upcoming event that may lead to either a rally or a sell-off [2][4] - Seasoned options traders often seek out options with high implied volatility to sell premium, aiming to benefit from the decay of the option's value if the underlying stock does not move as much as expected by expiration [4]

Financial Data and Key Metrics Changes - In Q2 2025, AlTi generated consolidated revenues of $53 million, reflecting a 7% year-over-year increase [12] - Revenue in the core Wealth Management and Capital Solutions segment rose 8% to $52 million year-over-year, driven by an increase in AUM and strong market performance [12][25] - Adjusted EBITDA was $4 million on a consolidated basis and $14 million in the core segment, with a reported net loss of $30 million for the quarter [13][28] Business Line Data and Key Metrics Changes - The core Wealth Management and Capital Solutions segment saw a 14% increase in AUM, contributing to the revenue growth [25] - 99% of total revenue came from recurring management fees, highlighting the durability of the business model [13][25] - Operating expenses totaled $83 million, up from $64 million in the same period last year, primarily due to one-time professional fees related to transformation initiatives [26] Market Data and Key Metrics Changes - The international wealth business, including the recent acquisition of Kontoora, is showing strong momentum with new clients signed with over $500 million in projected billable assets [18] - In the U.S., new and expanded mandates totaled nearly $430 million in projected billable assets through June [19] - The Middle East is identified as a compelling opportunity, undergoing a generational wealth transition with a growing preference for independent advice [18] Company Strategy and Development Direction - AlTi aims to be the leading global wealth management and OCIO platform for the ultra-high-net-worth community, focusing on recurring revenue businesses [6][11] - The exit from the international real estate business marks a strategic shift to simplify operations and reallocate resources towards scalable growth areas [11][14] - The implementation of zero-based budgeting is expected to deliver approximately $20 million in recurring annual gross savings, enhancing operational efficiency [15][29] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the business's ability to generate sustainable value, emphasizing the strength of the recurring revenue model and operational discipline [31] - The second half of 2025 is expected to progressively reflect the strength of the recurring revenue business and operational leverage from a leaner cost structure [20][30] - Management acknowledged timing mismatches in costs and benefits but remains optimistic about the positive trends emerging from recent initiatives [22][30] Other Important Information - AlTi's client retention rate stands at 96%, supported by senior advisors with over 20 years of industry experience [8] - The company has a strong cash position of $42 million and is effectively debt-free, providing a solid foundation for growth [29] Q&A Session Summary Question: Will the exit of the real estate business improve EBITDA? - Management confirmed that the exit should lead to much lower expenses and higher EBITDA going forward, estimating a significant positive impact [34][35] Question: Are the net flows margin accretive? - Management indicated that international inflows have a higher ROA compared to exiting flows, resulting in a positive net effect [36] Question: What is the outlook for the Kontoor acquisition? - The Kontoor business is expected to drive organic growth and focus on converting existing clients to discretionary mandates, which aligns with AlTi's overall strategy [39][40] Question: What are the opportunities for recruiting teams from banks? - Management noted that recruiting depends on cultural fit and the desire for a holistic service model, indicating a positive outlook for attracting talent [41][42]

Company Overview - AlTi Global manages or advises on approximately $97 billion in combined assets[4] - The company boasts a client retention rate of 96% since 2021[11] - Approximately 59% of Wealth Management AUM/AUA is from the U S, while 41% is from non-U S sources[11] Financial Performance (Q2 2025) - Total revenue reached $53 million, a 7% increase compared to Q2 2024's $49 5 million[71] - Wealth Management and Capital Solutions (WM & CS) revenue was $52 million, with management fees at $49 million, up 8% and 6% year-over-year, respectively[70] - AUM/AUA increased by 35% year-over-year to $97 2 billion[71] Strategic Initiatives - AlTi Global finalized an expense optimization plan using Zero-Based-Budgeting (ZBB), expecting $20 million in annual gross savings over the next two years[70] - The company completed the acquisition of Kontora, a Hamburg-based MFO with $16 billion in AUA/AUM, on April 30, 2025[70] - Strategic investments from Allianz X and CWC provide up to $450 million to fuel AlTi's M&A pipeline and accelerate international expansion[15]

PART I – FINANCIAL INFORMATION [Item 1. Financial Statements (Unaudited)](index=8&type=section&id=Item%201.%20Financial%20Statements%20%28Unaudited%29) This section presents AlTi Global, Inc.'s unaudited condensed consolidated financial statements, covering financial position, operations, comprehensive income, equity changes, and cash flows [Condensed Consolidated Statement of Financial Position (Unaudited)](index=9&type=section&id=Condensed%20Consolidated%20Statement%20of%20Financial%20Position%20%28Unaudited%29) The Condensed Consolidated Statement of Financial Position shows a slight decrease in total assets and liabilities from December 31, 2024, to June 30, 2025, while total shareholders' equity increased | (Dollars in Thousands) | As of June 30, 2025 | As of December 31, 2024 | | :--------------------- | :------------------ | :---------------------- | | **Assets** | | | | Cash and cash equivalents | $42,414 | $65,494 | | Total assets | $1,242,771 | $1,255,833 | | **Liabilities** | | | | Accounts payable and accrued expenses | $28,893 | $33,976 | | Total liabilities | $252,584 | $285,638 | | **Mezzanine Equity** | | | | Series A Preferred Stock | $164,914 | $142,858 | | Series C Preferred Stock | $168,681 | $160,808 | | **Shareholders' Equity** | | | | Total shareholders' equity | $990,187 | $970,195 | [Condensed Consolidated Statement of Operations (Unaudited)](index=10&type=section&id=Condensed%20Consolidated%20Statement%20of%20Operations%20%28Unaudited%29) AlTi Global, Inc. reported a net loss for both the three and six months ended June 30, 2025, significantly widening compared to the prior year, primarily driven by increased operating expenses and other income/expenses | (Dollars in Thousands) | For the Three Months Ended June 30, 2025 | For the Three Months Ended June 30, 2024 | For the Six Months Ended June 30, 2025 | For the Six Months Ended June 30, 2024 | | :--------------------- | :--------------------------------------- | :--------------------------------------- | :------------------------------------- | :------------------------------------- | | **Revenue** | | | | | | Management/advisory fees | $49,989 | $47,029 | $95,639 | $93,253 | | Incentive fees | $454 | $53 | $550 | $216 | | Distributions from investments | $2,664 | $2,240 | $14,874 | $6,410 | | Total income | $53,127 | $49,453 | $111,090 | $100,265 | | **Operating Expenses** | | | | | | Compensation and employee benefits | $44,601 | $38,893 | $86,875 | $78,450 | | Total operating expenses | $83,274 | $64,408 | $154,726 | $129,888 | | Total operating income (loss) | $(30,147) | $(14,955) | $(43,636) | $(29,623) | | Net income (loss) | $(30,043) | $(9,368) | $(32,925) | $12,717 | | Net income (loss) attributable to AlTi Global, Inc. | $(24,362) | $(6,403) | $(22,452) | $23,286 | | Net Income (Loss) Per Share - Basic | $(0.33) | $(0.18) | $(0.37) | $0.16 | | Net Income (Loss) Per Share - Diluted | $(0.33) | $(0.18) | $(0.37) | $0.00 | [Condensed Consolidated Statement of Comprehensive Income (Loss) (Unaudited)](index=11&type=section&id=Condensed%20Consolidated%20Statement%20of%20Comprehensive%20Income%20%28Loss%29%20%28Unaudited%29) The company reported a comprehensive loss for both the three and six months ended June 30, 2025, primarily influenced by the net loss and foreign currency translation adjustments | (Dollars in Thousands) | For the Three Months Ended June 30, 2025 | For the Three Months Ended June 30, 2024 | For the Six Months Ended June 30, 2025 | For the Six Months Ended June 30, 2024 | | :--------------------- | :--------------------------------------- | :--------------------------------------- | :------------------------------------- | :------------------------------------- | | Net income (loss) | $(30,043) | $(9,368) | $(32,925) | $12,717 | | Other Comprehensive Income (Loss) | | | | | | Foreign currency translation adjustments | $8,938 | $1,060 | $12,187 | $(2,929) | | Total comprehensive income (loss) | $(21,106) | $(8,009) | $(20,763) | $9,999 | | Comprehensive income (loss) attributable to AlTi Global, Inc. | $(18,153) | $(5,447) | $(13,857) | $22,201 | [Condensed Consolidated Statement of Changes in Mezzanine Equity and Shareholders' Equity (Unaudited)](index=12&type=section&id=Condensed%20Consolidated%20Statement%20of%20Changes%20in%20Mezzanine%20Equity%20and%20Shareholders%27%20Equity%20%28Unaudited%29) The company's total shareholders' equity increased from **$970.2 million** at January 1, 2025, to **$990.2 million** at June 30, 2025, despite a net loss, primarily due to preferred stock issuances, share-based compensation, and currency translation adjustments[28](index=28&type=chunk)[32](index=32&type=chunk) | (Dollars in Thousands) | Balance at January 1, 2025 | Net income (loss) | Currency translation adjustment | Preferred stock tranche issuance | Share based compensation | TRA Exchange | Balance at June 30, 2025 | | :--------------------- | :------------------------- | :---------------- | :------------------------------ | :------------------------------- | :----------------------- | :----------- | :----------------------- | | Series A Preferred Stock | $142,858 | — | — | $18,471 | — | — | $164,914 | | Series C Preferred Stock | $160,808 | — | — | — | — | — | $168,681 | | Additional paid-in capital | $652,857 | — | — | — | $21,320 | $1,587 | $665,605 | | Retained earnings (accumulated deficit) | $(296,561) | $(22,452) | — | — | — | — | $(320,768) | | Accumulated other comprehensive income | $(1,569) | — | $12,187 | — | — | — | $6,960 | | Non-controlling interest in subsidiaries | $311,793 | $(10,473) | $3,575 | — | — | $(2,592) | $304,785 | | Total Shareholders' Equity | $970,195 | $(32,925) | $12,187 | $18,471 | $21,320 | $(1,005) | $990,187 | [Condensed Consolidated Statement of Cash Flows (Unaudited)](index=16&type=section&id=Condensed%20Consolidated%20Statement%20of%20Cash%20Flows%20%28Unaudited%29) For the six months ended June 30, 2025, AlTi Global, Inc. experienced a net decrease in cash and cash equivalents, primarily due to cash used in operating activities, partially offset by cash provided by investing and financing activities[35](index=35&type=chunk)[37](index=37&type=chunk) | (Dollars in Thousands) | For the Six Months Ended June 30, 2025 | For the Six Months Ended June 30, 2024 | | :--------------------- | :------------------------------------- | :------------------------------------- | | Net cash provided by (used in) operating activities | $(50,118) | $(45,656) | | Net cash provided by (used in) investing activities | $13,339 | $(23,654) | | Net cash provided by (used in) financing activities | $12,004 | $112,225 | | Effect of exchange rate changes on cash | $1,69