Financial Performance - Resolute Holdings reported a fourth quarter loss per share attributable to common stockholders of ($0.20) and a full year loss of ($0.69) per share[2][4]. - The company experienced a net loss of $5.923 million for the year, with a fee-related earnings per share of $0.11[4][17]. - Resolute Holdings' net income attributable to common stockholders for the year was ($5.923 million), reflecting a significant increase in operational expenses[17]. - Net income for the year ended December 31, 2025, increased to $134,018,000 from $110,146,000 in 2024, representing a growth of approximately 21.6%[19]. - The diluted net income per share attributable to common stockholders for 2025 was $(0.20), compared to $(0.69) in 2024[22]. Revenue and Profitability - The company reported a gross profit of $260.212 million for the year, compared to $219.227 million in 2024, indicating a growth in sales[17]. - Product sales for the year ended December 31, 2025, totaled $462,055,000, consistent with the previous year, while gross profit was $260,212,000[22]. - The company expects a meaningful increase in fee stream and profitability in 2026 following the management agreement with Husky Holdings LLC[2][3]. Assets and Liabilities - Total current assets increased to $297.651 million in 2025, up from $166.591 million in 2024, primarily driven by cash and cash equivalents of $161.369 million[15]. - Total liabilities rose to $255.649 million in 2025, compared to $238.422 million in 2024, with long-term debt net of deferred financing costs at $169.791 million[15]. - Total assets as of December 31, 2025, amounted to $333,415,000, up from $201,792,000 in 2024, reflecting a growth of approximately 65%[25]. - Total liabilities as of December 31, 2025, were $255,649,000, compared to $238,422,000 in 2024, showing an increase of approximately 7.2%[25]. - Total stockholders' equity as of December 31, 2025, was $77,766,000, an increase from $(36,630,000) in 2024, indicating a turnaround in equity position[25]. Cash Flow and Investments - Net cash provided by operating activities rose to $196,086,000 in 2025, compared to $152,101,000 in 2024, marking an increase of about 29%[19]. - Cash and cash equivalents at the end of the period reached $161,369,000, significantly higher than $71,589,000 at the beginning of the period, indicating a net increase of $89,780,000[19]. - The company reported a net cash used in investing activities of $51,384,000 in 2025, compared to $9,945,000 in 2024, indicating a significant increase in investment outflows[19]. Expenses - For the fiscal year ended December 31, 2025, management fees totaled $12.278 million, while selling, general and administrative expenses reached $17.567 million[4]. - The company incurred equity-based compensation expenses of $26,799,000 in 2025, up from $19,894,000 in 2024, reflecting increased compensation costs[19]. Share Information - The weighted average shares used to compute net income per share attributable to common stockholders was approximately 8.523 million[17].
Resolute Holdings Management Inc(RHLD) - 2025 Q4 - Annual Results