<span item_type="fundamental" item_id="93a6c04886b098512ff56a8d0a087a64" counter_id="ST/US/RILYL" env="prod"></span><span item_type="announcement" item_id="549089410993823233" env="prod"></span><p>Revenue: As of FY2025 Q2, the actual value is USD 60.91 M.</p><p>EBIT: As of FY2025 Q2, the actual value is USD 16.93 M.</p><p></p><h3>Financial Highlights</h3><h4>Q2 2025 Preliminary Unaudited Financial Results</h4><ul><li><strong>Total Revenue</strong>: $60.9 million</li><li><strong>Adjusted Net Revenue</strong>: $51.5 million</li><li><strong>GAAP Net Income</strong>: $12.5 million</li><li><strong>Adjusted Net Income</strong>: $8.6 million<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1464790/000121390025075744/ea025268201ex99-1_briley.htm"></span>.</li></ul><h4>Operational Metrics</h4><ul><li><strong>Investment Banking Revenue</strong>: $32.3 million</li><li><strong>Institutional Brokerage Revenue</strong>: $25.4 million</li><li><strong>Interest Income</strong>: $2.3 million</li><li><strong>Other Income</strong>: $0.9 million</li><li><strong>Total Revenues</strong>: $60.9 million</li><li><strong>Compensation and Benefits</strong>: $29.7 million</li><li><strong>Interest Expense</strong>: $1.7 million</li><li><strong>Other Operating Expenses</strong>: $12.6 million</li><li><strong>Total Expenses</strong>: $44.0 million</li><li><strong>Operating Net Income</strong>: $16.9 million</li><li><strong>Net Income Before Income Taxes</strong>: $16.9 million</li><li><strong>Income Tax Expense</strong>: $4.4 million</li><li><strong>Net Income</strong>: $12.5 million<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1464790/000121390025075744/ea025268201ex99-1_briley.htm"></span>.</li></ul><h4>Cash Flow and Balance Sheet</h4><ul><li><strong>Cash and Securities</strong>: $94.5 million</li><li><strong>Debt-Free Balance Sheet</strong>: No outstanding debt<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1464790/000121390025075744/ea025268201ex99-1_briley.htm"></span>.</li></ul><h4>Unique Metrics</h4><ul><li><strong>Goodwill and Intangibles</strong>: $161.4 million</li><li><strong>Total Assets</strong>: $382.1 million</li><li><strong>Total Liabilities</strong>: $125.7 million</li><li><strong>Total Equity</strong>: $256.5 million<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1464790/000121390025075744/ea025268201ex99-1_briley.htm"></span>.</li></ul><h3>Outlook / Guidance</h3><ul><li>The company has approved a common stock dividend of approximately $0.22 per common share, totaling around $4.1 million. While this does not establish a recurring dividend program, future returns of capital to shareholders will be evaluated based on available excess capital, business growth prospects, and client capital needs<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1464790/000121390025075744/ea025268201ex99-1_briley.htm"></span>.</li></ul><h3>Segment Revenue</h3><ul><li>Revenue for the first half of 2025 is expected to range from $405.0 million to $425.0 million<span class="superscript" item_id="0" item_type="announcement_file" value="2" url="https://www.sec.gov/Archives/edgar/data/1464790/000121390025075744/ea025268201ex99-2_briley.htm"></span>.</li></ul><h3>Operational Metrics</h3><ul><li>Preliminary year-end 2024 net loss available to common shareholders is $772.3 million, or $25.46 diluted net loss per common share.</li><li>Net income for the first half of 2025 is expected to range from $125.0 million to $145.0 million, which includes estimated gains on sale of $53 million from Atlantic Coast Recycling, $66 million from GlassRatner, and $55 million on senior note exchanges.</li><li>Net income from continuing operations is expected to range from $52.4 million to $72.4 million.</li><li>Operating adjusted EBITDA from continuing operations for the first half of 2025 is expected to range from $20.0 million to $26.0 million<span class="superscript" item_id="0" item_type="announcement_file" value="2" url="https://www.sec.gov/Archives/edgar/data/1464790/000121390025075744/ea025268201ex99-2_briley.htm"></span>.</li></ul><h3>Cash Flow</h3><ul><li>As of June 30, 2025, estimated cash, cash equivalents, and restricted cash are $268 million<span class="superscript" item_id="0" item_type="announcement_file" value="2" url="https://www.sec.gov/Archives/edgar/data/1464790/000121390025075744/ea025268201ex99-2_briley.htm"></span>.</li></ul><h3>Unique Metrics</h3><ul><li>Realized cash proceeds from business sales of approximately $187 million from the sales of GlassRatner and Atlantic Coast Recycling.</li><li>Bond exchanges achieved approximately $126 million of debt reduction through five bond exchanges through July 2025<span class="superscript" item_id="0" item_type="announcement_file" value="2" url="https://www.sec.gov/Archives/edgar/data/1464790/000121390025075744/ea025268201ex99-2_briley.htm"></span>.</li></ul><h3>Outlook / Guidance</h3><ul><li>The company expects net income available to common shareholders for the first half of 2025 to be in the range of $125.0 million to $145.0 million, or $4.08 to $4.74 diluted net income per common share.</li><li>Total debt is estimated to have decreased by $600 million from September 30, 2024, with net debt estimated to have decreased by $544 million to $574 million from September 30, 2024<span class="superscript" item_id="0" item_type="announcement_file" value="2" url="https://www.sec.gov/Archives/edgar/data/1464790/000121390025075744/ea025268201ex99-2_briley.htm"></span>.</li></ul>

B Riley Financial Pref Share RILYL 7.375 Perp 09/04/25 B | 8-K: FY2025 Q2 Revenue: USD 60.91 M