He also described how he protected time for strategic thinking. Cote said leaders can become “a victim of your calendar,” and cited a principle: “Beware of letting the urgent get in the way of the important.” To counteract that dynamic, he said he would block off roughly three days per month where no meetings could be scheduled. Some of those days were used for unannounced visits to facilities or customers. In addition, he described setting aside two to three days per year for what he called “Blue Book” day ...

Summary of GPGI Inc. Conference Call Company Overview - **Company**: GPGI Inc (NasdaqGM:CMPO) - **Event**: 2026 JPMorgan Industrials Conference - **Date**: March 16, 2026 Key Points Industry Insights - The current economic environment is perceived to be better than media portrayals, with potential risks stemming from geopolitical tensions, particularly in the Middle East [7][2] - There is a belief that a recession is possible but not highly probable, indicating a cautious optimism about the economy [7] Leadership and Management - Transitioning from an operator to an investor role has changed the focus of leadership, emphasizing the importance of understanding ground-level operations [12][11] - Effective leadership is characterized by the ability to drive change and show early results, referred to as "inchstones" [32][30] - The importance of daily management and consistent oversight of initiatives is highlighted as a foundation for success [32] Investment Strategy - GPGI aims to acquire businesses with strong positions in good industries, leveraging a proven operating system to drive above-market performance [55][60] - The company has a unique structure with no corporate overhead, allowing for focused management of each business [55][56] - GPGI's investment strategy includes identifying high-quality businesses that are currently undervalued due to private equity ownership and market dynamics [59][62] Market Dynamics - There is a growing list of high-quality businesses that are struggling under private equity leverage, creating opportunities for GPGI to acquire them at favorable prices [59][62] - The company believes it can deliver better outcomes for these businesses compared to traditional private equity exits, which often lead to "zombie companies" [59][62] Recent Developments - GPGI has successfully raised $2.1 billion in equity for acquisitions, demonstrating strong investor interest in its model [74] - The acquisition of Husky is seen as a significant opportunity, with expectations of strong performance due to the company's operational capabilities [52][55] Future Outlook - GPGI is positioned to capitalize on market opportunities by focusing on businesses that align with its operational strengths and investment philosophy [60][62] - The company is committed to maintaining a disciplined approach to acquisitions, ensuring that it only pursues opportunities that fit its strategic goals [83] Additional Insights - The leadership emphasizes the importance of culture in driving business success, with a focus on hiring leaders who can foster a positive organizational environment [29][30] - The call also touches on the challenges of managing perceptions in the market, particularly regarding investor panic and market reactions to news [39][40] Conclusion GPGI Inc is strategically positioned to leverage its operational expertise and unique investment model to acquire and grow businesses in favorable industries. The leadership's focus on culture, daily management, and disciplined acquisition strategies is expected to drive long-term success and shareholder value.

Financial Performance - For the year ended December 31, 2025, net sales decreased by 86% to $59.824 million from $420.571 million in 2024[266] - Gross profit for 2025 was $28.747 million, down 87% from $219.227 million in 2024, resulting in a gross margin of 48% compared to 52% in 2024[266] - The company reported a net loss of $136.005 million for 2025, compared to a net loss of $53.719 million in 2024, representing an increase in loss of 153%[266] - The Company's net sales for the year ended December 31, 2025 decreased by $360.7 million, or 86%, to $59.8 million compared to $420.6 million for the year ended December 31, 2024, primarily due to the deconsolidation of Holdings[267] - Domestic net sales for the year ended December 31, 2025 decreased by $289.0 million, or 84%, to $54.5 million compared to $343.5 million for the year ended December 31, 2024[268] - International net sales for the year ended December 31, 2025 decreased by $71.8 million, or 93%, to $5.3 million compared to $77.1 million for the year ended December 31, 2024[269] - The Company reported a loss from operations of $13.7 million for the year ended December 31, 2025, compared to income from operations of $107.6 million for the year ended December 31, 2024, resulting in an operating margin of (23%) compared to 26%[272] - Adjusted net income for 2025 was $120.8 million, compared to $98.2 million in 2024 and $88.1 million in 2023[295] - Adjusted EBITDA for 2025 was $171.8 million, an increase from $151.4 million in 2024 and $145.0 million in 2023[292] Operating Expenses - Operating expenses decreased by 62% to $42.478 million in 2025 from $111.605 million in 2024[266] - Operating expenses for the year ended December 31, 2025 decreased by $69.1 million, or 62%, to $42.5 million compared to $111.6 million for the year ended December 31, 2024[271] - Other expenses for the year ended December 31, 2025 increased by $23.5 million, or 12%, to $212.1 million compared to $188.6 million for the year ended December 31, 2024[273] Cash Flow and Debt - The company had cash and cash equivalents of $114.6 million as of December 31, 2025, compared to $77.5 million in 2024[300] - Total debt principal outstanding was $186.3 million as of December 31, 2025, down from $197.5 million in 2024[300] - Cash used in operating activities for 2025 was $22.9 million, a decrease of $152.5 million from cash provided by operating activities of $129.6 million in 2024[310] - Cash used in investing activities for 2025 was $60.7 million, primarily due to cash deconsolidation from the Spin-Off[311] - Cash provided by financing activities for the year ended December 31, 2025, was $120.8 million, compared to cash used of $83.4 million in 2024, primarily due to proceeds from the exercise of warrants totaling $156.2 million[312] - The Company has total expected contractual cash obligations of $468.96 million as of December 31, 2025, with $33.88 million due within one year and $186.25 million in long-term debt[314] Equity and Investments - Earnings in equity method investment for 2025 were $128.805 million, a 100% increase from zero in 2024[266] - The Company recognized $128.8 million in earnings from equity method investment for the year ended December 31, 2025, following the deconsolidation of Holdings[274] - The company completed a significant acquisition of Husky Technologies for approximately $5.0 billion, funded through a combination of debt financing and equity[303] - The company anticipates utilizing acquisitions as part of its growth strategy, which may require additional equity or debt financing[301] Tax and Regulatory Matters - The income tax expense for the year ended December 31, 2025 was $39.0 million, compared to $2.2 million for the year ended December 31, 2024[275] - The Company recorded a total of $271.4 million in TRA liability, reflecting the anticipated future tax benefits under the Tax Receivable Agreement[337] - The Tax Receivable Agreement liability increased to $271.4 million as of December 31, 2025, from $253.7 million in 2024, with $5.3 million paid to TRA Parties in 2025[337] - The TRA Amendment allows the Company to forego the acceleration of certain payments to TRA Parties due to the Tungsten Transactions, while retaining their right to acceleration upon future changes of control[338] Corporate Actions - The company completed the spin-off of Resolute Holdings on February 28, 2025, resulting in Holdings being accounted for under the equity method thereafter[244] - The Husky Transaction was completed on January 12, 2026, with a management agreement established for ongoing operational oversight[252] - The company refinanced approximately $2.1 billion of total indebtedness assumed in the Husky Transaction, including $900 million of senior secured notes and a $1.2 billion term loan facility[253] - The company transferred its listing from Nasdaq to the New York Stock Exchange on September 18, 2025[251] Risk Factors - Economic conditions, including international trade policies and tariffs, may impact the market for the company's products and services[254] - Holdings had $186.3 million in variable rate debt outstanding as of December 31, 2025, which exposes the Company to interest rate risk[352] - An increase or decrease of 100 basis points in the applicable interest rate would result in an annual change in interest expense of approximately $1.9 million[353] Stock and Compensation - The Company granted 343,720 non-qualified stock options during the year ended December 31, 2025, as part of its equity-based compensation plan[331] - Approximately 4.4 million shares were issued as part of the second Earnout threshold achieved on September 8, 2025[333] - All outstanding warrants were redeemed by December 31, 2025, resulting in no warrant liability remaining on the balance sheet[335] Revenue Recognition - The Company’s revenue recognition follows ASC 606, with revenue recognized upon the transfer of control of goods to customers, typically at shipment[321]

CompoSecure logo GPGI Inc. executives used the company’s fourth-quarter 2025 earnings call to outline the strategy behind its newly formed platform and to provide initial pro forma guidance for fiscal 2026, highlighting recent performance at CompoSecure and the addition of Husky following a deal that closed after quarter-end. Building a permanent-capital operating platform Executive Chairman Dave Cote described GPGI as a “diversified multi-industry platform” designed to acquire and operate market-leadi ...

Financial Data and Key Metrics Changes - GPGI reported non-GAAP net sales of approximately $2.18-$2.23 billion for fiscal year 2026, representing an expected growth of 8.5% [54] - Pro forma adjusted EBITDA is projected to be approximately $620-$650 million, indicating a growth of around 17% [54] - Pro forma adjusted free cash flow is anticipated to be approximately $325-$375 million, reflecting a strong cash generation capability [54] Business Line Data and Key Metrics Changes - CompoSecure achieved net sales of $462.1 million in fiscal year 2025, up 9.9%, with pro forma adjusted EBITDA increasing to $170.7 million, up 23.5% [25][34] - In the fourth quarter, CompoSecure's non-GAAP net sales were $117.7 million, up approximately 17% year-over-year, with pro forma adjusted EBITDA increasing approximately 41% to $43 million [33] - Husky's net sales for the fourth quarter reached $521 million, up over 6% from the prior year, while full year 2025 net sales were approximately $1.57 billion, up 5% [51] Market Data and Key Metrics Changes - CompoSecure is positioned as the global leader in premium metal payment cards, with over 200 active metal card programs and partnerships with 9 of the top 10 U.S. card issuers [25][26] - The global market for payment cards is expanding, with credit and debit cards in circulation growing at approximately 8% over the past five years, providing a favorable environment for CompoSecure [28] - Husky operates in a growing industry characterized by cyclical customer demand, particularly in PET markets, which are expected to continue gaining share over other materials [45] Company Strategy and Development Direction - GPGI aims to deliver mid- to high-single-digit annual organic growth, with a focus on margin expansion and free cash flow conversion [8][9] - The company is implementing the Resolute Operating System (ROS) to enhance operational efficiency and drive growth across its business lines [10][13] - GPGI is strategically positioned to acquire high-quality private businesses that can benefit from its operating system, particularly targeting family-owned businesses and non-core divisions of public companies [21][22] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the growth potential of both CompoSecure and Husky, highlighting strong organic growth opportunities and the successful implementation of ROS [54][56] - The company anticipates that the second half of fiscal year 2026 will see accelerated revenue growth and margin expansion compared to the first half [57] - Management emphasized the importance of a high-performance culture and disciplined capital allocation to achieve long-term value creation [59] Other Important Information - The results of GPGI Holdings and its subsidiaries are accounted for under the equity method of accounting following the spin-off of Resolute Holdings Management [3] - The company is focused on maintaining a strong balance sheet, with expectations to reduce total leverage below 3x [63] Q&A Session Summary Question: Factors driving revenue expectations for CompoSecure - Key drivers include growth in the core card payment business, international expansion, and ramping up the Arculus business overall [62] Question: Thoughts on leverage levels - Total leverage is expected to be below 3x, which is considered a comfortable and normal operating level [64] Question: Margin expansion breakdown for CompoSecure - Margin expansion is attributed to favorable price mix impacts and improved yields driven by the implementation of ROS [68] Question: Plans to license the ROS system and potential conflicts of interest - There are no plans to license the ROS system to other companies, and management does not see a conflict of interest between GPGI and RHLD [71][76]

GPGI Inc (NasdaqGM:CMPO) Q4 2025 Earnings call March 12, 2026 08:00 AM ET Company ParticipantsDave Cote - Executive ChairmanGraham Robinson - President and CEOJohn Linker - CFOMary Holt - CFORob Domodossola - President and CEOSean Mansouri - Head of Investor RelationsTom Knott - Chief Investment OfficerConference Call ParticipantsJacob Stephan - Senior Research AnalystMoshe Orenbuch - Managing Director and Senior AnalystReggie Smith - Executive Director and Equity Research AnalystOperatorGood day, and thank ...

Financial Data and Key Metrics Changes - GPGI reported non-GAAP net sales of approximately $2.18-$2.23 billion for fiscal year 2026, representing an expected growth of 8.5% [53] - Pro forma adjusted EBITDA is projected to be approximately $620-$650 million, indicating a growth of around 17% [53] - Pro forma adjusted free cash flow is expected to be approximately $325-$375 million, reflecting a significant increase [53] Business Line Data and Key Metrics Changes CompoSecure - CompoSecure achieved net sales of $462.1 million in fiscal year 2025, up 9.9% year-over-year [23] - Pro forma adjusted EBITDA for CompoSecure increased to $170.7 million, up 23.5% [23] - Non-GAAP net sales for the fourth quarter were $117.7 million, a 17% increase compared to the prior year [30] Husky - Husky's net sales increased to $521 million in the fourth quarter, up over 6% from the prior year [50] - For the full year 2025, Husky's net sales reached approximately $1.57 billion, up 5% from 2024 [50] - The volume growth for Husky was primarily driven by strength in Europe, Latin America, and India, while China experienced a decline [50] Market Data and Key Metrics Changes - CompoSecure is the global leader in premium metal payment cards, with over 200 active metal card programs and partnerships with 9 of the top 10 U.S. card issuers [23] - The global market for payment cards is expanding, with metal cards under-penetrated at less than 1% of all cards shipped globally, indicating significant growth potential [26] - Husky operates in a growing industry characterized by cyclical customer demand, particularly in PET markets, which are expected to continue gaining share over other materials [44] Company Strategy and Development Direction - GPGI aims to deliver mid- to high-single-digit annual organic growth, over 100 basis points of annual margin expansion, and double-digit annual EBITDA growth [8] - The company is focused on implementing the Resolute Operating System (ROS) to drive operational excellence and cultural transformation across its businesses [10][12] - GPGI is positioned as a structurally advantaged acquirer of high-quality private businesses, particularly those owned by private equity firms [20] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the growth prospects for both CompoSecure and Husky, citing strong demand for metal payment cards and PET packaging systems [54] - The company anticipates revenue growth and margin expansion to accelerate in the second half of fiscal year 2026, with a focus on operational efficiencies and strategic investments [55] - Management emphasized the importance of embedding the Resolute Operating System to enhance profitability and drive long-term value creation [57] Other Important Information - The results of GPGI Holdings and its subsidiaries are accounted for under the equity method of accounting due to a management agreement, which affects financial presentation [3] - The company is committed to maintaining a high-performance culture and operational discipline to maximize growth potential [11] Q&A Session Summary Question: Factors driving revenue expectations for CompoSecure - Key drivers include growth in the core card payment business, international expansion, and ramping up the Arculus business overall [61] Question: Thoughts on leverage levels - GPGI expects total leverage to be below 3x, indicating a comfortable operating level moving forward [62] Question: Margin expansion at CompoSecure - Margin expansion is attributed to favorable price mix impacts and improved yields driven by the implementation of the ROS [67] Question: Plans to license the ROS system - Management confirmed there are no plans to license the ROS system to other companies [71] Question: Addressing potential conflicts of interest between RHLD and GPGI - Management stated there is no conflict, as the success of RHLD is tied to the success of GPGI [76]

Fourth Quarter 2025 Earnings Presentation March 12, 2026 GPGI CompoSecure Husky Guidance Disclaimer Forward-Looking Statements This presentation, and other statements that GPGI, Inc. ("GPGI," "we," "us" or the "Company") may make in connection therewith, contain forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. These statements are based on the beliefs and assumptions of management. Although GPGI believes that its plans, intentions, and expectations reflected in ...

Exhibit 99.1 News Release GPGI Reports Strong Fourth Quarter with Organic Revenue Growth of 17%, Net Income Growth of 189%, and Pro Forma Adjusted EBITDA Growth of 41% Fourth Quarter 2025 Results compared to prior year period unless otherwise noted; does not include results for Husky Technologies Full Year 2025 Results compared to prior year period unless otherwise noted; does not include results for Husky Technologies Recent Business Developments Full Year 2026 Outlook Following annual guidance is based up ...

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