Core Viewpoint - Great Elm Group, Inc. reported solid financial results for its fiscal second quarter ended December 31, 2024, with significant growth in assets under management and revenue across its credit and real estate businesses [3][6]. Financial Performance - Total revenue for the second quarter increased by 24% to $3.5 million, compared to $2.8 million in the prior-year period [6][20]. - Net income from continuing operations was $1.4 million, a turnaround from a net loss of $0.2 million in the prior-year period [6][20]. - Adjusted EBITDA for the second quarter was $1.0 million, up from $0.6 million in the prior-year period [6][21]. Assets Under Management - Fee-paying assets under management (FPAUM) totaled approximately $538 million, while total assets under management (AUM) reached approximately $751 million, reflecting growth of 17% and 14% respectively compared to the prior-year period [5][6]. Strategic Initiatives - The company successfully raised an additional $13.2 million of equity at net asset value (NAV) through the issuance of approximately 1.1 million shares of Great Elm Capital Corp. common stock [5]. - Great Elm announced the acquisition of Greenfield CRE, forming Monomoy Construction Services, which aims to enhance construction management expertise and expand service offerings [3][7]. Shareholder Returns - The company increased its first quarter dividend to $0.37 per share and announced a special dividend of $0.05 per share in December 2024 [10]. - As of February 4, 2025, Great Elm repurchased approximately 4.1 million shares for $7.4 million at an average price of $1.83 per share [8][10]. Future Outlook - Management remains focused on executing strategic priorities, including growing core credit and real estate businesses and leveraging a strong balance sheet to maximize shareholder value [3].

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 - Great Elm Group, Inc. reported strong financial results for its fiscal first quarter ended September 30, 2024, with significant growth in assets under management and revenue [2][3][6]. Financial Performance - Fee-paying assets under management (FPAUM) and total assets under management (AUM) reached approximately $559 million and $782 million, reflecting year-over-year growth of 24% and 22% respectively [2]. - Total revenue for the quarter increased by 21% to $4.0 million, up from $3.3 million in the prior-year period, driven by property sales and increased management fees [2][6]. - Net income from continuing operations was $3.0 million, compared to $2.8 million in the prior-year period, aided by the reversal of $3.5 million in unrealized losses [7]. - Adjusted EBITDA for the quarter was $1.3 million, down from $1.7 million in the prior-year period [7][20]. Stock Repurchase Program - The Board of Directors authorized an additional $10 million for stock repurchases, increasing the total buyback authorization to $20 million [8]. - As of November 8, 2024, approximately 2.5 million shares were repurchased for $4.6 million at an average price of $1.85 per share [8]. Management Commentary - The CEO highlighted the solid start to fiscal 2025, emphasizing the expansion of assets under management and growth in fee revenue [3]. - The company aims to leverage its strong balance sheet to maximize shareholder value while focusing on strategic priorities in credit and real estate [3]. Investment Highlights - Great Elm Credit Income Fund achieved a strong return on invested capital of over 11% net of fees since its inception in November 2023 [5]. - Monomoy BTS completed its first build-to-suit property and has a robust pipeline in its construction management business [5]. Managed Vehicle Performance - Great Elm Capital Corp. reported record total investment income of $11.7 million for the quarter, marking the highest cash income in its history [4]. - GECC actively managed its capital structure, issuing $22 million in notes and redeeming $45.3 million of maturing notes [4].

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 ...

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 ...

Financial Performance - Revenues for the three months ended December 31, 2023, increased by 50% to $2.8 million compared to $1.9 million in the same period of 2022[99] - Operating costs and expenses for the three months ended December 31, 2023, rose to $5.5 million, an increase of 18% from $4.7 million in the prior year[99] - Interest expense decreased by 46% to $1.1 million for the three months ended December 31, 2023, down from $2.0 million in the same period of 2022[102] - Other income (net) for the three months ended December 31, 2023, was $3.5 million, a significant decrease of 90% from $34.2 million in the prior year[103] Cash Flow and Assets - Cash flows used in operating activities for the six months ended December 31, 2023, were $19.9 million, compared to $1.6 million in the same period of 2022[104][105] - As of December 31, 2023, GEG had an unrestricted cash balance of $39.1 million and $29.7 million in marketable securities[110] Debt and Liabilities - The company had $26.9 million in outstanding aggregate principal amount of 7.25% notes due on June 30, 2027[112] - GEG's convertible notes outstanding as of December 31, 2023, totaled $38.9 million, accruing interest at 5.0% per annum[113] Investment Opportunities - GEG continues to explore investment management opportunities with no unfunded binding commitments as of the report date[95] Total Assets - GEG's total assets under management as of December 31, 2023, were approximately $654.5 million[94]

Financial Performance - GEG's fiscal first quarter revenue increased by 78% to $3310 thousand compared to $1860 thousand in the same period last year[38,63] - Net income from continuing operations was $2758 thousand, a significant improvement from a net loss of $9503 thousand in the prior-year period[38,54] - Adjusted EBITDA for the quarter was $1724 thousand, compared to $729 thousand in the first quarter of the previous fiscal year[38,49] Assets Under Management (AUM) - Total AUM reached $641 million, a 3% increase since September 30, 2022[40,41] - Fee-Paying AUM (FPAUM) grew to $451 million, representing a 5% increase year-over-year[42,43] Balance Sheet - The company ended the quarter with approximately $75900 thousand in cash and marketable securities[2,31] - Total assets were reported at $136242 thousand, slightly up from $135893 thousand as of June 30, 2023[23,24] - The book value per share is approximately $225[30] Strategic Initiatives - GEG's Board of Directors approved a share repurchase program of up to $10 million[2] - Great Elm Capital Corp (GECC) will pay $1300 thousand in incentive fees to GEG, in addition to management fees of $900 thousand[2,4] - Monomoy REIT reported strong NII of $040 per share, covering the $035 distribution[34]