Sachem Capital (SACH) investor relations material

Executive summary

• Focused on strengthening the balance sheet, improving liquidity, and disciplined portfolio management amid a challenging macroeconomic environment, while avoiding dilutive financings.

• Completed $100 million senior secured notes private placement, using proceeds to repay $56.3 million of unsecured notes, extending debt maturity and improving liquidity.

• Net income for Q3 2025 was $1.0 million, a significant improvement from a $5.1 million loss in Q3 2024; net loss attributable to common shareholders was $0.1 million.

• Book value per share at quarter end was $2.47, down from $2.64 at December 31, 2024, mainly due to dividend payments.

• Maintained disciplined underwriting and a strong pipeline for new loan opportunities.

Financial highlights

• Total revenue for Q3 2025 was $12.0 million, down from $14.8 million year-over-year but up 11.4% sequentially from $10.8 million.

• Interest income on loans was $8.3 million; loan fees $2 million; LLC investments $1.1 million.

• Operating expenses were $12.4 million, down from $19.6 million a year ago, mainly due to a 90% reduction in provision for credit losses.

• Net income attributable to common shareholders was a loss of $0.1 million for Q3 2025, versus a $6.1 million loss in Q3 2024.

• Book value per share at quarter end was $2.47, down 2.8% from June 30, 2025.

Outlook and guidance

• Confident in strategic direction and ability to capitalize on new opportunities as markets normalize, aiming to drive long-term shareholder value.

• Focus remains on resolving legacy REO and NPL assets and pursuing accretive growth aligned with risk management.

• Management expects current cash balances, debt facility availability, and operating cash flows to be sufficient for the next 12 months.

• Dividend framework to be addressed in December, maintaining quarterly cadence and REIT compliance.