Q2 2026 Great Elm Group Inc Earnings Call Transcript
Key Points
- Great Elm Group Inc (GEG) reported strong liquidity across its platform, with a well-positioned balance sheet to support growth and opportunistic investments.
- The company successfully expanded its alternative asset management platform, particularly in real estate and credit businesses, with fee-paying assets under management growing 4% year over year.
- Monomoy Construction Services, a part of Great Elm Real Estate Ventures, completed its third full quarter of operations, contributing approximately $400,000 in revenue.
- The share repurchase program has been effective, with Great Elm repurchasing approximately 6.4 million shares, enhancing per share value for shareholders.
- Great Elm Group Inc (GEG) maintains a strong cash position of $51.2 million, providing flexibility to support growth initiatives and capitalize on attractive opportunities.
- Great Elm Group Inc (GEG) recorded significant unrealized losses during the quarter, primarily due to market-based valuation changes, impacting reported results.
- The company reported a net loss of $16.5 million for the quarter, compared to a net income of $1.4 million in the prior year, driven by unrealized losses.
- Revenue for the fiscal second quarter decreased to $3 million from $3.5 million in the prior year period, due to lower property sales and incentive fees.
- Adjusted EBITDA for the quarter was a loss of $1.6 million, compared to a gain of $1 million in the prior year period.
- The Great Elm Credit Income Fund began an orderly wind down due to recent portfolio events and market conditions, as it had not yet reached scale.
Greetings and welcome to the Great Elm Group fiscal 2026 second quarter conference call. (Operator Instructions) It is now my pleasure to introduce your host, Adam Yates, Managing Director. Thank you, sir. You may begin.
Good morning, everyone. Thank you for joining us for Great Elm Group's fiscal 2026 second quarter earnings conference call. As a reminder, this conference call is being recorded on Thursday, February 5, 2026. If you would like to be added to our distribution list, you can email GEG Investor [email protected] or you can sign up for alerts directly on our website www.greatelmgroup.com.
The slide presentation accompanying today's conference call and webcast can be found on our website under events and presentations. A link to the webcast is also available on our website, as well as in the press release that was disseminated to announce the quarterly results.
Today's conference call includes forward
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