Exhibit 99.1 GREAT ELM GROUP REPORTS FISCAL 2024 THIRD QUARTER FINANCIAL RESULTS Company to Host Conference Call at 8:30 a.m. ET on May 9, 2024 PALM BEACH GARDENS, Florida, May 8, 2024 – 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 third quarter ended March 31, 2024. Fiscal Third Quarter 2024 and Other Recent Highlights Management Commentary Jason Reese, Chief Executive Officer of the ...

Fiscal Second Quarter Ended December 31, 2023 NASDAQ: GEG • Great Elm's momentum in real estate continued with three property acquisitions at Monomoy REIT and continued ramp of build-to-suit development at Monomoy BTS 2 • Investment in debt and income-generating securities, direct lending and special situations • Build-to-Suit "BTS" division provides differentiated design-build solutions • Alignment through GEG investment in funds Our Goals • GECC had another strong quarter, and GEG will collect $0.7 millio ...

For the transition period from to Commission File Number: 001-39832 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Great Elm Group, Inc. 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, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 (Registrant's telephone number, including area code) | Securities registered pursuant to Section ...

| --- | --- | --- | --- | --- | --- | --- | |--------------------------|-------|-------|-------|-------|-------|-------| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | November 9, 2023 | | | | | | | | | | | | | | | | Fiscal First Quarter | | | | | | | | Ended September 30, 2023 | | | | | | | | NASDAQ: GEG | | | | | | | | | | | | | | | GEG Fiscal First Quarter Highlights • GEG is a publicly traded alternative asset manager gro ...

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, 2023 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 incorpor ...

Great Elm Group, Inc. (NASDAQ:GEG) Q4 2023 Earnings Conference Call September 21, 2023 8:30 AM ET Company Participants Adam Yates - MD Jason Reese - CEO Keri Davis - CFO Conference Call Participants Nathan Stewart - Capital Advisors Operator Good morning. My name is Rob, and I will be your conference operator today. At this time, I would like to welcome everyone to the Great Elm Group Fiscal 2023 Fourth Quarter Earnings Conference Call. All lines have been placed on mute to prevent any background noise. A ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended June 30, 2023 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 jurisdiction of in ...

Financial Data and Key Metrics Changes - For the quarter, revenues increased by 92% year-over-year, driven by higher assets under management and management fees related to GECC and Monomoy [29] - Adjusted EBITDA loss for the quarter was $1.2 million compared to $1.6 million in the prior year period [15] - The company reported a net loss from continuing operations of $0.5 million compared to a net loss of $6.5 million in the prior year period, primarily due to $2 million in net realized and unrealized gains on investments [29] Business Line Data and Key Metrics Changes - Assets under management (AUM) reached $631 million as of March 31, 2023, a 2% increase from the prior quarter and a 4% increase fiscal year-to-date [29] - Fee-paying AUM grew to $439 million, up 1% quarter-to-date and over 8% fiscal year-to-date [29] Market Data and Key Metrics Changes - The company completed two significant transactions, generating over $70 million of cash to GEG's balance sheet from the sale of its interests in Forest Investments and the DME business [21] - The company has not seen a credit crunch affecting its ability to fund transactions, instead identifying more opportunities due to banks pulling out of the market [16] Company Strategy and Development Direction - The company has transformed from a diversified holding company to a focused alternative asset manager, aiming to grow assets under management, improve profitability, and expand its platform [20] - The management highlighted a healthy pipeline of new business opportunities and a clean liquid balance sheet to execute upon them [20] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the growth potential of Monomoy properties despite a slowdown in transactions due to high cap rates in the industrial space [17] - The company is well-positioned to achieve its strategic goals and is focused on proving its ability to grow and improve profitability [20] Other Important Information - The company announced the resignation of its CEO, with Jason Reese appointed as the new CEO [4] - The company has a strong institutional back office capable of servicing its growing platform [20] Q&A Session Summary Question: What is the impact of the credit crunch on spreads at GECC and the company's ability to fund transactions? - Management indicated that they have not seen a credit crunch affecting their funding capabilities and are actually seeing more opportunities for transactions [16] Question: What is the growth strategy now that Great Elm does not have a significant NOL? - Management acknowledged that while they still have an NOL, it is not as large as before, and they are optimistic about the Monomoy space despite current market conditions [17]

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, 2023 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 ...

Great Elm Group, Inc. (NASDAQ:GEG) Q2 2023 Earnings Conference Call February 14, 2023 9:00 AM ET Company Participants Adam Yates - Managing Director Jason Reese - Executive Chairman Peter Reed - Chief Executive Officer Brent Pearson - Chief Financial Officer Operator Hello, and thank you for standing by. My name is Regina, and I will be your conference operator today. At this time, I would like to welcome everyone to the Great Elm Group, Incorporated Fiscal 2023 Second Quarter Earnings Conference Call. All ...