AlTi Global (ALTI) investor relations material

Executive summary

• Q2 2025 revenue reached $53M, up 7% year-over-year, with 99% from recurring fees and strong client retention; AUM/AUA rose 35% to $97.2B, driven by acquisitions and market gains.

• Executed strategic actions to strengthen and simplify the business, including exiting the international real estate segment and focusing on core wealth management and capital solutions.

• Completed acquisitions of Kontora, Envoi, EEA, and PW, expanding U.S. and European presence and capabilities.

• Implemented zero-based budgeting and finalized an expense optimization plan targeting $20M in annual gross savings.

• Managed or advised $97.2B in assets as of June 30, 2025, with 520 professionals in 19 cities across 9 countries.

Financial highlights

• Q2 2025 consolidated revenue was $53.1M, up 7% year-over-year; core wealth management and capital solutions revenue rose 8% to $52M.

• Adjusted EBITDA was $3.8M consolidated and $14M in the core segment; core segment EBITDA margin increased to 26% quarter-over-quarter (excluding incentive fees).

• GAAP net loss for Q2 2025 was $30M, mainly due to timing mismatches, one-time costs, and fair value adjustments; adjusted net loss was $0.6M.

• Operating expenses were $83.3M, up 29% year-over-year, driven by one-time professional fees, acquisition-related costs, and higher compensation.

• Ended the quarter with $42.4M in cash and effectively debt free, except for a $0.7M term loan from the Kontora acquisition.

Outlook and guidance

• Expect improved profitability and margin expansion in the second half as cost savings and operational leverage materialize.

• Focus remains on topline growth through organic and inorganic strategies, supported by strategic partners and financial flexibility.

• Ongoing efforts to deploy capital in accretive businesses and reduce operating cash outflows.

• Macroeconomic volatility and market conditions may impact future results, especially management fees.