AUM and Net Flows - Record Global AUM of $1372 billion as of September 30, 2025, with US at $883 billion, Europe at $482 billion, and Digital at $06 billion[8, 10] - Net inflows of $22 billion in Q3 2025 and $88 billion YTD through September 30, 2025, representing an 11% annualized organic growth rate[9, 10] - Updated AUM as of October 29, 2025, is $1385 billion, up approximately 1% from September 30, 2025, driven by positive market movement and Ceres AUM, offset by net outflows[8, 10] Financial Performance - Q3 2025 adjusted revenues increased by 115% compared to Q2 2025, driven by higher average AUM and other revenues[14] - Q3 2025 adjusted revenues increased by 147% compared to Q3 2024, due to higher average AUM and other revenues, partially offset by a lower average advisory fee[14] - Q3 2025 adjusted EPS was $023, compared to $018 in Q2 2025[12] - Adjusted operating margin for Q3 2025 was 383%, compared to 325% in Q2 2025[12] Strategic Initiatives - Completed the acquisition of Ceres Partners, diversifying AUM into farmland and creating opportunities in solar, AI data infrastructure, and water[10] - The Ceres acquisition is expected to be accretive, expanding annualized revenue capture and operating margins by approximately 200 basis points[10] - WisdomTree Prime AUM is $52 million with 30205 opened accounts as of Q3 2025[39] - Total WisdomTree Tokenized AUM is $592 million, a 19x growth vs year-end 2024[39] Guidance and Outlook - Full-year 2025 compensation to revenue ratio is projected to be 28%-30%, with discretionary spending between $68 million and $72 million[15] - Q4 2025 gross margin is anticipated to be approximately 83%, inclusive of the Ceres acquisition impact, with a full-year gross margin trending toward approximately 82%[17] - The company is targeting a 35% to 40% expansion in Model Assets Under Advisement (AUA) and a 25% to 30% growth in Model Users in 2025[27, 29]

Core Insights - Fnality has raised $136 million in a Series C funding round to expand its DLT-based payment systems beyond the UK Sterling network launched in 2023 [1][2] - The funding round was led by major financial institutions including WisdomTree, Bank of America, and Citi, indicating strong institutional confidence in blockchain-based payment systems [6][7] Company Overview - Fnality aims to create a regulated settlement network that connects traditional financial infrastructure with the emerging world of tokenised assets, offering 24/7 real-time settlement and liquidity optimisation [3][10] - The company launched its first payment system, the Sterling Fnality Payment System (£FnPS), in December 2023, recognized as the world's first regulated DLT-based wholesale payment system [4] Funding and Expansion Plans - The Series C funds will be used to expand Fnality's model to other major currencies and enhance interoperability between stablecoins, tokenised deposits, and institutional tokenised assets [5] - The goal is to establish an institutional-grade settlement layer across capital markets, addressing the need for regulated infrastructure anchored in central bank money [10] Industry Impact - Industry leaders view Fnality as a critical foundation for the tokenised markets, with its systems modernising market structures for faster and more efficient operations [6][8] - The support from a diverse group of institutional investors highlights the growing confidence in blockchain-based wholesale payment systems and their potential to transform financial market infrastructure [7][8] Future Outlook - Fnality's success hinges on balancing innovation with compliance, as each payment system must be supervised by its respective central bank, adding credibility and requiring regulatory collaboration [12] - As financial markets trend towards tokenisation, the demand for settlement layers that combine central bank trust with blockchain speed is expected to increase, positioning Fnality as a foundational element in the future of global finance [13]

Q2 2025 Results Highlights - WisdomTree reported record global AUM of $126.1 billion as of June 30, 2025[31] - The company experienced net inflows of $3.5 billion in Q2 2025, resulting in a year-to-date total of $6.6 billion through June 30, 2025[31] - Q2 adjusted revenues increased by 4.2% compared to Q1 2025 due to higher average AUM[36] - Adjusted earnings per share (EPS) was $0.18 in Q2 2025[33] Ceres Partners Acquisition - WisdomTree agreed to acquire Ceres Partners, LLC, which manages approximately $1.85 billion in farmland assets[7, 23] - The acquisition consideration includes $275 million in cash at closing and a potential earn-out of up to $225 million in 2030, contingent on Ceres achieving specific revenue growth targets[24] - The company targets over $750 million of fundraising by year-end 2030, doubling Ceres' base fees from current levels[7] Digital Assets Platform - Total WisdomTree tokenized AUM reached $350 million, a 10x growth compared to year-end 2024[63] - WisdomTree Connect has expanded to several different blockchains and gathered over $500 million in assets in 2025 so far through July 2025[70] - WisdomTree Prime AUM reached $4.3 million[63] Model AUA Growth - Model Assets Under Advisement (AUA) reached over $5.2 billion as of Q2 2025, up nearly 40% versus year-end 2024[53]

Q1 2025 Results May 2, 2025 WisdomTree – Q1/25 Results 1 Forward Looking Statements This presentation contains forward-looking statements that are based on our management's beliefs and assumptions and on information currently available to our management. Although we believe that the expectations reflected in these forward-looking statements are reasonable, these statements relate to future events or our future financial performance, and involve known and unknown risks, uncertainties and other factors that m ...