Abacus Life(US:ABL) Globenewswireยท2025-08-07 20:15Core Insights - Abacus Global Management reported a significant increase in total revenue and adjusted earnings for the second quarter of 2025, nearly doubling year-over-year, which has led to an upward revision of the full-year outlook for adjusted earnings [1][2][5]. Financial Performance - Total revenue for Q2 2025 reached $56.2 million, a 93% increase from $29.1 million in the same period last year [3]. - GAAP net income for Q2 2025 was $17.6 million, up from $0.7 million in the prior-year period [3]. - Adjusted net income grew 87% year-over-year to $21.9 million, compared to $11.7 million in Q2 2024 [3]. - Adjusted EBITDA increased 89% year-over-year to $31.5 million, with an adjusted EBITDA margin of 56.1% [3][29]. Capital and Liquidity - As of June 30, 2025, the company had cash and cash equivalents of $74.8 million and total assets of $848.4 million [4][22]. - The company reported outstanding long-term debt of $357 million [4]. Growth Outlook - The full-year 2025 outlook for adjusted net income has been raised to between $74 million and $80 million, reflecting a growth of 59% to 72% compared to the previous year [5]. - The company experienced strong demand for policyholder liquidity and increased inflows for new asset management offerings, contributing to its robust performance [2]. Shareholder Information - Following the completion of a warrant exchange offer, the number of common shares outstanding increased by approximately 5% [6][7]. - The company announced a newly authorized $20 million share repurchase program [11]. Operational Highlights - The company reported origination capital deployment of $121.8 million in Q2 2025, compared to $104.7 million in the prior-year period [3]. - The number of policies held as of the end of Q2 2025 was 600, up from 458 in the prior-year period [3]. Key Performance Indicators - Adjusted annualized return on invested capital (ROIC) for Q2 2025 was 22% [3]. - Annualized return on equity (ROE) for Q2 2025 was 21% [3].