<span item_type="fundamental" item_id="5d28c651aabd827c2e4f25bbbc9da840" counter_id="ETF/US/GLBL" env="prod"></span><span item_type="announcement" item_id="582070943486902785" env="prod"></span><p>Revenue: As of FY2025 Q3, the actual value is USD 57.24 M.</p><p>EPS: As of FY2025 Q3, the actual value is USD -0.89.</p><p>EBIT: As of FY2025 Q3, the actual value is USD -28.69 M.</p><p></p><h3>Revenue</h3><ul><li>Consolidated revenues were $57 million, marking a 10% increase year-over-year and a 9% sequential increase, driven by the core wealth management business.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1838615/000162828025051581/q325altitiedemannearning.htm"></span></li><li>Management fees amounted to $52 million, up 7% from the previous year and 15% from Q1 2025, with 96% of total revenues being recurring.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1838615/000162828025051581/q325altitiedemannearning.htm"></span></li></ul><h3>Operating Expenses</h3><ul><li>Total operating expenses were $86 million, up from $61 million in Q3 2024, primarily due to non-recurring, non-cash charges including a $4 million client redress provision and a $16 million receivables write-off.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1838615/000162828025051581/q325altitiedemannearning.htm"></span></li><li>Normalized operating expenses were $51 million, compared to $43 million in Q3 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1838615/000162828025051581/q325altitiedemannearning.htm"></span></li><li>Normalized compensation expenses were $32 million, up from $28 million, due to the inclusion of Kontora and a bonus provision related to the Arbitrage incentive fee.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1838615/000162828025051581/q325altitiedemannearning.htm"></span></li><li>Normalized non-compensation expenses were $19 million, compared to $15 million in the prior year, driven by Kontora’s consolidation and higher professional fees and G&amp;A expenses.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1838615/000162828025051581/q325altitiedemannearning.htm"></span></li></ul><h3>Other Income/Loss</h3><ul><li>There was an other loss of $28 million, mainly due to a $35 million non-cash impairment in the Arbitrage fund, partially offset by gains from fair value adjustments on certain investments.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1838615/000162828025051581/q325altitiedemannearning.htm"></span></li></ul><h3>Adjusted EBITDA</h3><ul><li>Adjusted EBITDA was $6 million, with most adjustments being non-cash.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1838615/000162828025051581/q325altitiedemannearning.htm"></span></li></ul><h3>Net Income</h3><ul><li>GAAP Net Income loss was $107 million, primarily due to the wind down of the international real estate business, the impairment in the arbitrage fund, and a valuation allowance against the deferred tax asset.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1838615/000162828025051581/q325altitiedemannearning.htm"></span></li><li>Adjusted Net Income Loss was $1 million.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1838615/000162828025051581/q325altitiedemannearning.htm"></span></li></ul><h3>Assets Under Management (AUM)</h3><ul><li>AUM was $49 billion, a 6% increase year-over-year, mainly due to strong market performance and the acquisition of Kontora.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1838615/000162828025051581/q325altitiedemannearning.htm"></span></li></ul><h3>Outlook / Guidance</h3><ul><li>The company aims to achieve economies of scale by leveraging its global platform, including the Lisbon ‘Center of Excellence.’<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1838615/000162828025051581/q325altitiedemannearning.htm"></span></li><li>Initiatives are in place to reduce the cost basis using a zero-based budgeting approach.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1838615/000162828025051581/q325altitiedemannearning.htm"></span></li><li>The company has a strong pipeline of strategic and accretive M&amp;A opportunities globally.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1838615/000162828025051581/q325altitiedemannearning.htm"></span></li></ul>

Pacer MSCI World Industry Advantage ETF | 8-K: FY2025 Q3 Revenue: USD 57.24 M