Great Elm Group, Inc. (NASDAQ:GEG) Q2 2025 Earnings Conference Call February 6, 2025 8:30 AM ET Company Participants Adam Yates - MD Jason Reese - CEO Keri Davis - CFO Conference Call Participants Operator Greetings, and welcome to the Great Elm Group Fiscal 2025 Second Quarter Conference Call. At this time, all participants are in a listen-only mode. A brief question-and-answer session will follow the formal presentation. [Operator Instructions] As a reminder, this conference is being recorded. It is now m ...

Financial Data and Key Metrics Changes - Total revenue for the fiscal second quarter 2025 grew 24% year-over-year to $3.5 million, primarily driven by increased revenue from Monomoy BTS and management fees from GECC [24][25] - Net income from continuing operations was $1.4 million compared to a net loss of $0.2 million in the prior year period [25] - Adjusted EBITDA for the quarter was $1 million, up from $0.6 million in the prior year [25] - Cash on the balance sheet as of December 31 was approximately $44 million, with a book value per share of approximately $2.30 [25][26] Business Line Data and Key Metrics Changes - Fee-paying assets under management (AUM) reached approximately $538 million, representing a 17% increase year-over-year, primarily driven by the BDC [12][25] - Total AUM increased to approximately $751 million, up 14% from the prior year quarter end [25] - Base management fee from GECC grew 33% year-over-year to $1.2 million, with approximately $0.5 million earned in incentive fees this quarter [15] Market Data and Key Metrics Changes - Great Elm Capital Corp. raised an additional $13.2 million of equity at net asset value in December, marking its third equity capital raise in calendar 2024 [9][12] - GECC's net asset value has nearly doubled since the management refresh in March 2022, delivering significant value to shareholders [14] Company Strategy and Development Direction - The company is evolving as a streamlined alternative asset management business, focusing on expanding its core credit and real estate platforms [8] - The acquisition of Greenfield CRE is expected to enhance the company's real estate capabilities and create a fully integrated construction vertical [17][18] - The company remains committed to executing development projects to drive profitability and deliver value for tenants and shareholders [16] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the performance of credit and real estate businesses, highlighting the acquisition of Greenfield CRE as a strategic growth initiative [22] - The company plans to continue evaluating strategic opportunities to expand its businesses and product offerings with attractive risk-adjusted return profiles [23] Other Important Information - The company has repurchased approximately 4.1 million shares for $7.4 million under its expanded $20 million buyback program, representing a 20% discount to book value [20][21] - The company maintains a strong balance sheet and capital position, enabling support for future growth initiatives [21] Q&A Session Summary - There were no questions during the Q&A session [27]

February 6, 2025 Fiscal Second Quarter Ended December 31, 2024 NASDAQ: GEG GEG Highlights 1 Assumes invested at inception on November 1, 2023, and remained invested throughout the succeeding 14 months ended December 31, 2024, with distributions reinvested, net of founder's class fees and expenses. Performance results should not be regarded as final until audited financial statements are issued covering the period shown. Past performance is no guarantee of future results. 2 Amount excludes Consolidated Funds ...

GREAT ELM GROUP REPORTS FISCAL 2025 SECOND QUARTER FINANCIAL RESULTS Company to Host Conference Call at 8:30 a.m. ET on February 6, 2025 PALM BEACH GARDENS, Fla., February 5, 2025 – Great Elm Group, Inc. ("we," "our," "GEG," "Great Elm," or "the Company"), (NASDAQ: GEG), an alternative asset manager, today announced financial results for its fiscal second quarter ended December 31, 2024. Fiscal Second Quarter 2025 and Recent Highlights Management Commentary Jason Reese, Chief Executive Officer of the Compan ...

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 December 31, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-39832 Great Elm Group, Inc. (Exact name of registrant as specified in its charter) Delaware 85-3622015 (State or other juris ...

Company to Host Conference Call at 8:30 a.m. ET on February 6, 2025PALM BEACH GARDENS, Fla., Feb. 05, 2025 (GLOBE NEWSWIRE) -- Great Elm Group, Inc. (“we,” “our,” “GEG,” “Great Elm,” or “the Company”), (NASDAQ: GEG), an alternative asset manager, today announced financial results for its fiscal second quarter ended December 31, 2024. Fiscal Second Quarter 2025 and Recent Highlights Great Elm Capital Corp. (NASDAQ: GECC) raised an additional $13.2 million of equity at NAV in December 2024, through the issua ...

Great Elm purchases the assets of Greenfield CRE, a premier construction and project management company; highlights Great Elm’s momentum in real estate, enhancing Monomoy’s ability to service its tenants with a full suite of construction services adjacent to its industrial asset management and development business led by Monomoy CREPALM BEACH GARDENS, Fla., Feb. 04, 2025 (GLOBE NEWSWIRE) -- Great Elm Group, Inc. (“we,” “us,” “our,” “GEG” or “Great Elm,”) (NASDAQ: GEG), an alternative asset manager, today an ...

Core Insights - Galaxy Entertainment Group (GEG) reported a Q3 2024 Group Net Revenue of $10.7 billion, an increase of 11% year-on-year, while Adjusted EBITDA was $2.9 billion, up 6% year-on-year but down 7% quarter-on-quarter [2][11][7] - The company paid an interim dividend of $0.50 per share on October 25, 2024, reflecting confidence in the long-term outlook for Macau and the company [4][19] - GEG continues to advance its development projects, including the Capella at Galaxy Macau and Phase 4, which focuses on non-gaming entertainment and family facilities [5][31] Financial Performance - Q3 2024 Group Adjusted EBITDA was $2.9 billion, with a normalized figure of $3.1 billion, indicating a 7% increase year-on-year and a 3% decrease quarter-on-quarter [12][7] - The latest twelve months Adjusted EBITDA reached $11.8 billion, up 68% year-on-year and up 1% quarter-on-quarter [11][7] - Galaxy Macau™ contributed significantly with Q3 Net Revenue of $8.4 billion, a 10% increase year-on-year, while Adjusted EBITDA was flat year-on-year at $2.6 billion [20][11] Visitor Trends and Market Overview - Macau recorded 993,117 visitor arrivals during the National Day Golden Week, achieving nearly 102% of pre-pandemic levels from 2019 [3] - In Q3 2024, Macau's Gross Gaming Revenue (GGR) was $54.0 billion, up 14% year-on-year, with visitor arrivals totaling 9.2 million, an 11% increase year-on-year [10][11] Balance Sheet and Liquidity - As of September 30, 2024, GEG's total cash and liquid investments were $28.6 billion, with a net position of $27.4 billion after accounting for $1.2 billion in debt [4][19] - The strong balance sheet supports capital returns to shareholders and funding for development projects [4][19] Development and Future Growth - The Capella at Galaxy Macau is set to open in mid-2025, featuring ultra-luxury accommodations [30] - Phase 4 development is underway, focusing on non-gaming amenities and expected to be completed by 2027 [31] - GEG is ramping up the Galaxy International Convention Center and Galaxy Arena to enhance its offerings [31][38]

PALM BEACH GARDENS, Fla., Aug. 29, 2024 (GLOBE NEWSWIRE) -- Great Elm Group, Inc. ("we," "our," "GEG," "Great Elm," or "the Company"), (NASDAQ: GEG), an alternative asset manager, today announced financial results for its fiscal fourth quarter and year ended June 30, 2024. Fiscal Fourth Quarter 2024 and Recent Highlights Great Elm Capital Corp. ("GECC") raised $34 million of additional debt and equity capital since April 2024. Fee-paying assets under management ("FPAUM") and assets under management ("AUM") ...

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, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-39832 Great Elm Group, Inc. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporatio ...