<span item_type="fundamental" item_id="3a9cdafed42f1a8e1b67497129cea7b1" counter_id="ST/US/AC" env="prod"></span><span item_type="announcement" item_id="546911581715761025" env="prod"></span><p>Revenue: As of FY2025 Q2, the actual value is USD 2.207 M.</p><p>EPS: As of FY2025 Q2, the actual value is USD 0.88.</p><p></p><h3>Segment Revenue</h3><ul><li><strong>Investment Advisory and Incentive Fees</strong>: $2.1 million for the three months ended June 30, 2025, compared to $2.5 million for the same period in 2024. For the six months ended June 30, 2025, fees were $4.1 million, down from $5.4 million in 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1642122/000143774925025453/ac20250630_10q.htm"></span></li></ul><h3>Operational Metrics</h3><ul><li><strong>Net Income</strong>: $18.6 million for the three months ended June 30, 2025, compared to $3.0 million for the same period in 2024. For the six months ended June 30, 2025, net income was $26.3 million, up from $16.8 million in 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1642122/000143774925025453/ac20250630_10q.htm"></span></li><li><strong>Operating Loss</strong>: - $8.0 million for the three months ended June 30, 2025, compared to - $3.7 million for the same period in 2024. For the six months ended June 30, 2025, the operating loss was - $13.3 million, compared to - $8.6 million in 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1642122/000143774925025453/ac20250630_10q.htm"></span></li></ul><h3>Cash Flow</h3><ul><li><strong>Operating Cash Flow</strong>: Net cash used in operating activities was - $49.3 million for the six months ended June 30, 2025, compared to $28.6 million provided in 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1642122/000143774925025453/ac20250630_10q.htm"></span></li><li><strong>Free Cash Flow</strong>: Not explicitly detailed, but net cash used in financing activities was - $4.3 million for the six months ended June 30, 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1642122/000143774925025453/ac20250630_10q.htm"></span></li></ul><h3>Unique Metrics</h3><ul><li><strong>Assets Under Management (AUM)</strong>: $1.3 billion as of June 30, 2025, compared to $1.2 billion at December 31, 2024, primarily due to market appreciation.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1642122/000143774925025453/ac20250630_10q.htm"></span></li></ul><h3>Future Outlook and Strategy</h3><ul><li><strong>Core Business Focus</strong>: The company plans to use its financial resources to pursue strategic objectives, including acquisitions, seeding new investment strategies, and co-investing, as well as shareholder compensation through share repurchases and dividends.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1642122/000143774925025453/ac20250630_10q.htm"></span></li><li><strong>Non-Core Business</strong>: The direct investment business is developing through Gabelli Private Equity Partners, LLC and Gabelli Principal Strategies Group, LLC, focusing on growth capital, leveraged buyouts, and restructurings, with an emphasis on small and mid-sized companies.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1642122/000143774925025453/ac20250630_10q.htm"></span></li></ul>

Assoc Cap | 10-Q: FY2025 Q2 Revenue: USD 2.207 M