B. Riley Securities Provides Business and Financial Update Following Carve-Out Transaction

Core Viewpoint - B. Riley Securities Holdings, Inc. has provided a business and financial update following its carve-out from B. Riley Financial, Inc., emphasizing a commitment to financial transparency and long-term value creation despite macroeconomic uncertainties [1][2]. Financial Performance - For the year 2024, B. Riley Securities reported total revenue of $217.7 million and adjusted net income of$33.1 million, while experiencing a net loss of $14.5 million [4][12]. - The adjusted financials reflect contributions from Cascadia Investments Inc. and other subsidiaries as if they had been completed on January 1, 2024 [5][11]. Debt and Cash Position - The company is now completely debt-free, having repaid all$12.4 million of its outstanding debt, and holds $68 million in cash and securities as of the carve-out effective date [6][5]. Operational Highlights - In 2024, B. Riley Securities raised$16.5 billion in debt and equity for clients and expanded its capabilities in key areas such as Convertibles and Liability Management [3]. - The advisory practice has been realigned to better serve core clients, focusing on Capital Markets [3]. Strategic Focus - The company aims to enhance visibility into its strategy and vision for value creation, positioning itself for sustainable growth and maximizing shareholder value [2][3].