Resolute Holdings Reports Second Quarter 2025 Results

Core Insights - Resolute Holdings reported a second quarter loss per share of ($0.07) and Non-GAAP Fee-Related Earnings per share of $0.08 for the fiscal second quarter ending June 30, 2025 [1][4][5] - The CEO expressed satisfaction with the early results from the implementation of the operating system at CompoSecure and highlighted ongoing evaluations of acquisition opportunities [2][3] - The company is focused on improving operations and driving organic growth while committing to necessary investments for long-term potential [3] Financial Performance - Management fees for the three months ended June 30, 2025, were $3.419 million, while selling, general and administrative expenses were $3.804 million [4] - The net loss attributable to common stockholders for the six months ended June 30, 2025, was ($3.977 million), with a diluted net income per share of ($0.47) [4][17] - Fee-Related Earnings for the second quarter were $0.699 million, translating to Fee-Related Earnings per share of $0.08 [5][24] Operational Highlights - The company is implementing a Resolute Operating System aimed at enhancing value creation across managed businesses [10] - There is a commitment to evaluating a growing list of acquisition opportunities aligned with core investment criteria [3] - The financial results reflect the consolidation of CompoSecure Holdings in accordance with U.S. GAAP, which may not fully represent the standalone business model of Resolute Holdings [3][12] Balance Sheet Overview - As of June 30, 2025, total assets were reported at $253.291 million, an increase from $201.792 million as of December 31, 2024 [15][27] - Current liabilities totaled $63.876 million, with long-term debt net of deferred financing costs at $177.071 million [15][27] - The total stockholders' equity was $4.141 million, a significant improvement from a deficit of ($36.630 million) at the end of 2024 [15][27] Cash Flow Analysis - Net cash provided by operating activities for the six months ended June 30, 2025, was $67.288 million, compared to $71.760 million for the same period in 2024 [20] - Cash and cash equivalents at the end of the period were $99.862 million, up from $71.589 million at the beginning of the period [21] - The company reported net cash used in financing activities of ($36.217 million) for the six months ended June 30, 2025 [20]