Revenue: As of FY2025, the actual value is USD 462.06 M.

EPS: As of FY2025, the actual value is USD -0.69.

EBIT: As of FY2025, the actual value is USD 150.99 M.

Consolidated Performance

• Net Sales: Increased by $41.5 million (10%) to $462.1 million in 2025, from $420.6 million in 2024.
• Cost of Sales: Was $201.8 million in 2025, a slight increase from $201.3 million in 2024 (0% change).
• Gross Profit: Increased by $41.0 million (19%) to $260.2 million in 2025, from $219.2 million in 2024.
• Gross Margin: Improved to 56% in 2025 from 52% in 2024.
• Operating Expenses: Increased by $24.3 million (26%) to $117.0 million in 2025, from $92.7 million in 2024, primarily due to higher salaries, bonuses, and equity-based compensation at Resolute Holdings Management, Inc.
• Income from Operations: Increased by $16.7 million (13%) to $143.3 million in 2025, from $126.5 million in 2024.
• Operating Margin: Rose to 31% in 2025 from 30% in 2024.
• Other Income (Expense): Decreased by $8.1 million to -$8.4 million in 2025, compared to -$16.4 million in 2024, mainly due to lower interest expense.
• Income Tax Expense: Was $0.9 million in 2025, compared to $0.0 million in 2024.
• Net Income (Loss): Increased by $23.9 million (22%) to $134.0 million in 2025, from $110.1 million in 2024.
• Net Income (Loss) Attributable to Common Stockholders: Was -$5.9 million in 2025, compared to -$2.3 million in 2024.

Segmented Results (in thousands)

• Net Sales:
  • Resolute Holdings: $12,278 in 2025; $0 in 2024.
  • GPGI Holdings: $462,055 in 2025; $420,571 in 2024.
  • Consolidated: $462,055 in 2025; $420,571 in 2024.
• Cost of Sales:
  • GPGI Holdings: $201,843 in 2025; $201,344 in 2024.
  • Consolidated: $201,843 in 2025; $201,344 in 2024.
• Gross Profit:
  • Resolute Holdings: $12,278 in 2025; $0 in 2024.
  • GPGI Holdings: $260,212 in 2025; $219,227 in 2024.
  • Consolidated: $260,212 in 2025; $219,227 in 2024.
• Selling, General and Administrative Expenses:
  • Resolute Holdings: $17,567 in 2025; $2,358 in 2024.
  • GPGI Holdings: $113,474 in 2025; $92,543 in 2024.
  • Consolidated: $116,953 in 2025; $92,680 in 2024.
• Income from Operations:
  • Resolute Holdings: -$5,289 in 2025; -$2,358 in 2024.
  • GPGI Holdings: $146,738 in 2025; $126,684 in 2024.
  • Consolidated: $143,259 in 2025; $126,547 in 2024.
• Net Income (Loss):
  • Resolute Holdings: -$5,923 in 2025; -$2,334 in 2024.
  • GPGI Holdings: $138,131 in 2025; $110,259 in 2024.
  • Consolidated: $134,018 in 2025; $110,146 in 2024.
• Depreciation and Amortization:
  • GPGI Holdings: $9,377 in 2025; $9,174 in 2024.
  • Consolidated: $9,377 in 2025; $9,174 in 2024.
• Capital Expenditures:
  • GPGI Holdings: $8,364 in 2025; $8,445 in 2024.
  • Consolidated: $8,364 in 2025; $8,445 in 2024.

Segment Revenue Breakdown

• Domestic Net Sales: Increased by $56.2 million (16%) to $399.6 million in 2025, from $343.5 million in 2024, driven by higher volumes and increased blended average selling price.
• International Net Sales: Decreased by $14.7 million (19%) to $62.4 million in 2025, from $77.1 million in 2024, primarily due to lower new program customer orders from GPGI Holdings’ international customer base.

Cash Flow Summary

• Net Cash Provided by Operating Activities: Was $196.1 million in 2025, up from $152.1 million in 2024, mainly due to higher operating income, lower interest expense, and favorable changes in working capital.
• Net Cash Used in Investing Activities: Was $51.4 million in 2025, compared to $10.0 million in 2024, primarily due to net purchase of short-term investments, capital expenditures, and capitalized software expenditures.
• Net Cash Used in Financing Activities: Was $54.9 million in 2025, a decrease from $108.8 million in 2024, with key uses including distribution to GPGI, tax payments, term loan principal repayment, and share repurchases.

Unique Metrics

• Fee-Related Earnings: $916 thousand for the year ended December 31, 2025.
• Fee-Related Earnings per share: $0.11 for the year ended December 31, 2025.

Outlook / Guidance

Resolute Holdings Management, Inc. expects the Husky Transaction to significantly influence its liquidity, debt service, capital allocation, and cash flow generation starting in 2026. This enhanced scale is anticipated to increase management fee revenue and cash flows to Resolute Holdings Management, Inc., while also providing increased scale for organic and inorganic growth at its managed businesses. However, the Husky Transaction also increases the leverage profile of Resolute Holdings Management, Inc.’s managed businesses.