Westwood Holdings Group (WHG) investor relations material

Executive summary

• Firmwide assets under management and advisement reached $17.9 billion as of June 30, 2026, with ETF and Private Capital platforms surpassing $400 million and $500 million in assets, respectively.

• Revenues increased year-over-year, driven by growth in ETFs, private energy secondaries funds, and gains on seed money investments.

• Multi-asset, Enhanced Balanced, Alternative Income, and Real Estate Income strategies outperformed benchmarks and peers, despite net outflows in U.S. value institutional clients.

• Strategic partnership formed with ETF Capital Markets Advisors to enhance ETF trading and execution.

• Celebrated 43 years as a female-founded company and recognized for workplace excellence and diversity.

Financial highlights

• Q2 2026 revenues were $25.3 million, up from $23.1 million in Q2 2025 and $25.0 million in Q1 2026.

• Net income for Q2 2026 was $1.5 million ($0.17 per share), up from $1.0 million ($0.12 per share) in Q2 2025 and $0.8 million ($0.09 per share) in Q1 2026.

• Non-GAAP Economic Earnings were $3.0 million ($0.33 per share), compared to $2.8 million ($0.32 per share) in Q2 2025.

• Cash and investments at quarter end totaled $56.5 million; stockholders' equity was $126.3 million.

• Net outflows of $1.6 billion in AUM, partially offset by $2.0 billion in market appreciation.

Outlook and guidance

• Management expects continued mandates in SMID cap for defined contribution plans and robust institutional pipeline across value and energy strategies.

• Anticipates further growth with the upcoming listing of the PWRX ETF on the Texas Stock Exchange.

• Goal to surpass $1 billion in assets in each of Managed Investment Solutions, ETFs, and Private Capital business lines.

• Current liquidity and short-term investments, plus cash from operations, are expected to meet operating and capital needs for at least the next twelve months.

• Forward-looking statements highlight expectations for future financial position and operations, with caution regarding market and regulatory risks.