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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended March 31, 2025 Or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number: 001-36366 Fundamental Global Inc. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or organization) Nevada 46-111 ...

Exhibit 99.1 Fundamental Global Inc. Reports Fourth Quarter and Full Year 2024 Financial Results Mooresville, NC – April 1, 2025 - Fundamental Global Inc. (Nasdaq: FGF, FGFPP) (the "Company" or "Fundamental Global") today announced results for the fourth quarter and full year ended December 31, 2024. Kyle Cerminara, Chairman and Chief Executive Officer commented, "During 2024, we implemented initiatives to consolidate multiple public companies and streamline and simplify our operating structure. We successf ...

Mooresville, NC, April 01, 2025 (GLOBE NEWSWIRE) -- Fundamental Global Inc. (NASDAQ:FGF, FGFPP)) (the "Company" or "Fundamental Global") today announced results for the fourth quarter and full year ended December 31, 2024. Kyle Cerminara, Chairman and Chief Executive Officer commented, "During 2024, we implemented initiatives to consolidate multiple public companies and streamline and simplify our operating structure. We successfully completed three merger transactions, monetized one of our real estate hold ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2024 or | Large Accelerated Filer | ☐ | Accelerated Filer ☐ | | --- | --- | --- | | Non-Accelerated Filer | ☒ | Smaller Reporting Company ☒ | | Emerging Growth Company | ☐ | | ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ______ ...

Mooresville, NC, Feb. 14, 2025 (GLOBE NEWSWIRE) -- Fundamental Global Inc. (Nasdaq: FGF) (the “Company” or "Fundamental Global") today announced that it has declared a quarterly cash dividend on its 8.00% Cumulative Preferred Stock, Series A (the “Preferred Stock”), for the period commencing on December 15, 2024, and ending on March 14, 2025. In accordance with the terms of the Preferred Stock, the board of directors of the Company declared a Preferred Stock cash dividend of $0.50 per share for the period c ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended September 30, 2024 Or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number: 001-36366 Fundamental Global Inc. (Exact name of registrant as specified in its charter) Nevada 46-1119100 (State or other jurisdiction of incorporation or organ ...

Exhibit 99.1 Fundamental Global Inc. Reports Third Quarter 2024 Financial Results Mooresville, NC – November 14, 2024 - Fundamental Global Inc. (Nasdaq: FGF, FGFPP) (the "Company" or "Fundamental Global") today announced results for the third quarter ended September 30, 2024. Kyle Cerminara, Chairman and Chief Executive Officer commented, "Earlier this year, we outlined our commitment to streamline operations, reduce operating costs, and bolster liquidity. Additionally, we aimed to alleviate the financial a ...

Revenue Growth - Revenue increased by $4.5 million or 136.0% to $7.9 million for the three months ended June 30, 2024, compared to $3.3 million for the same period in 2023[171] - The primary driver of revenue growth was the addition of $3.7 million in reinsurance premium revenue from the merger in February 2024[172] - Revenue for the six months ended June 30, 2024, increased by $6.7 million or 103.0% to $13.1 million from $6.5 million for the same period in 2023[176] Expenses - Total expenses increased by $4.4 million or 46.0% to $13.9 million for the three months ended June 30, 2024, from $9.5 million for the same period in 2023[173] - Total expenses for the six months ended June 30, 2024, increased by $8.6 million or 49.3% to $26.0 million from $17.4 million for the same period in 2023[178] Loss from Operations - Loss from operations decreased by $0.2 million or 2.5% to $6.1 million for the three months ended June 30, 2024, compared to $6.2 million in the prior year[174] - Loss from operations increased by $1.9 million or 17.6% to $12.9 million for the six months ended June 30, 2024, compared to $10.9 million in the prior year[179] Net Loss - Net loss from continuing operations decreased by $0.2 million or 3.3% for the three months ended June 30, 2024, from $6.3 million in the same period of 2023[175] - Net loss from continuing operations increased by $0.1 million or 0.7% for the six months ended June 30, 2024, from $11.1 million in the same period of 2023[180] Merger Impact - The merger with FG Group Holdings, Inc. was completed on February 29, 2024, resulting in a significant increase in reinsurance and asset management operations[165] Cash Flow - For the six months ended June 30, 2024, net cash used in operating activities from continuing operations was approximately $3.2 million, compared to $0.3 million for the same period in 2023[202] - Net cash provided by investing activities from continuing operations was approximately $4.3 million for the six months ended June 30, 2024, compared to $0.1 million for the same period in 2023[203] - Cash used in financing activities during the six months ended June 30, 2024 was approximately $1.3 million, compared to cash provided by financing activities of $2.0 million for the same period in 2023[204] - The cash and cash equivalents from continuing operations at the end of the period were $5.85 million as of June 30, 2024, compared to $4.86 million as of June 30, 2023[201] - The company experienced a net cash outflow for working capital, including an increase in net outflows related to its insurance business[202] - Cash provided by investing activities included $1.9 million from the merger of FGF and FGH, $1.2 million from the sale of equity securities, and $1.3 million from the sale of the Digital Ignition building[203] Accounting Policies - The company recorded no premium deficiency adjustments during the periods presented[194] - The company uses a Probability of Default / Loss Given Default model to calculate an allowance for expected credit losses for its reinsurance balances receivable[184] - The company recognizes revenue when a customer obtains control of promised goods or services, measured as the amount of consideration expected to be received[191] - The company has not established any deferred contract costs as of June 30, 2024 or December 31, 2023[193]

Financial Performance - Revenue for Strong Global Entertainment increased by 18.7% to $8.1 million in the second quarter, driven by higher sales of digital equipment and services[4] - Gross profit for Strong Global Entertainment improved to $1.5 million, representing 18.8% of revenues, up from the previous period[4] - Total revenue for the three months ended June 30, 2024, was $7,874 million, a significant increase from $3,336 million in the same period of 2023, representing a growth of 136%[12] - Net premiums earned for the six months ended June 30, 2024, were $4,472 million, compared to $0 in the same period of 2023[12] - Net product sales increased to $4,782 million for the three months ended June 30, 2024, up from $3,794 million in the same period of 2023, reflecting a growth of 26%[12] - Total expenses for the three months ended June 30, 2024, were $13,927 million, compared to $9,542 million in the same period of 2023, an increase of 46%[12] - Loss from operations for the three months ended June 30, 2024, was $(6,053) million, slightly improved from $(6,206) million in the same period of 2023[12] - Net loss attributable to common shareholders for the three months ended June 30, 2024, was $(6,229) million, compared to $(5,273) million in the same period of 2023[12] - Basic and diluted net loss per common share from continuing operations was $(0.22) for the three months ended June 30, 2024, compared to $(0.63) in the same period of 2023[12] Assets and Equity - Fundamental Global reported total assets of $98.4 million as of June 30, 2024, an increase of $36.3 million from December 31, 2023[2] - Total stockholders' equity rose to $60.4 million, reflecting an increase of $23.4 million from December 31, 2023[3] - Short- and long-term debt decreased to $3.1 million, down by $4.7 million from December 31, 2023[3] Operational Efficiency - The company achieved over $4 million in annual cost savings through strategic operational enhancements[1] - Fundamental Global plans to close the merger of Strong/MDI Screen Systems with FG Acquisition Corp. by the end of the third quarter, aiming to drive efficiency and focus on high-growth opportunities[1] Cash Flow - Cash and cash equivalents from continuing operations at the end of the period were $5,850 million, up from $4,864 million at the end of the same period in 2023[15] - Net cash used by operating activities from continuing operations was $(3,750) million for the six months ended June 30, 2024, compared to $(2,586) million in the same period of 2023[14] - Net cash provided by investing activities from continuing operations was $4,326 million for the six months ended June 30, 2024, compared to $77 million in the same period of 2023[14] Reinsurance and Investment - The reinsurance business generated $3.7 million in premium revenue during the second quarter of 2024[6] - Investment losses from asset management amounted to $4.0 million in the second quarter, primarily due to unrealized mark-to-market losses on equity securities[7] Loss from Operations - The company incurred a loss from operations of $0.7 million in the second quarter of 2024, an improvement from a loss of $1.6 million in the same period of 2023[5]