Westwood(US:WHG)2026-02-13 21:12Financial Performance - Westwood Holdings Group reported fourth quarter revenues of $27.1 million, an increase from $24.3 million in the third quarter and $25.6 million in the fourth quarter of 2024[3]. - The company achieved a net income of $1.9 million in the fourth quarter, down from $3.7 million in the third quarter and $2.1 million in the fourth quarter of 2024[4][5]. - For the full year 2025, Westwood reported a net income of $7.1 million, significantly up from $2.2 million in 2024, with diluted EPS of $0.79 compared to $0.26 in 2024[6]. - Economic earnings for the fourth quarter were $3.3 million, or $0.36 per share, compared to $5.7 million, or $0.64 per share in the third quarter[4]. - Economic earnings for the full year 2025 reached $14.3 million, or $1.61 per share, compared to $6.9 million, or $0.82 per share in 2024[15]. - Net income for the year ended December 31, 2025, was $7,077,000, a significant increase from $2,211,000 in 2024, marking a growth of 219%[17]. - Economic earnings for 2025 reached $14,296,000, up from $6,965,000 in 2024, reflecting a growth of 105%[21]. - Earnings per share (EPS) increased to $0.79 in 2025 from $0.26 in 2024, representing a growth of 203.8%[21]. Assets and Liabilities - The firm’s assets under management (AUM) and assets under advisement (AUA) totaled $17.4 billion, with $16.5 billion in AUM and $0.9 billion in AUA[2]. - Total assets increased to $163,250,000 in 2025 from $149,989,000 in 2024, representing a growth of 8.4%[16]. - Total liabilities rose to $35,575,000 in 2025 from $27,657,000 in 2024, an increase of 28.6%[16]. Cash Flow and Dividends - Cash and cash equivalents at the end of 2025 were $26,249,000, up from $18,847,000 in 2024, an increase of 39.2%[17]. - The company reported a net cash provided by operating activities of $17,969,000 for 2025, compared to $21,122,000 in 2024[17]. - The company declared a cash dividend of $0.15 per common share, payable on April 1, 2026[3]. - The company paid cash dividends totaling $5,365,000 in 2025, compared to $5,440,000 in 2024[17]. Investment and Growth - Westwood's ETF platform surpassed $200 million in assets under management, reflecting strong investor interest[1]. - The firm successfully closed its second flagship energy secondaries fund and two co-investment funds with over $300 million in commitments[1]. - The Managed Investment Solutions team secured its first institutional client, indicating growth in client acquisition[1]. Compensation and Shares - Stock-based compensation expense for 2025 was $5,148,000, slightly down from $5,537,000 in 2024[21]. - The diluted weighted average shares outstanding increased to 8,885,580 in 2025 from 8,515,779 in 2024[21].