Adamas Trust Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Interest and Dividend Income	549.52	401.28	258.66	258.39	206.87	350.16
Total Interest Expense	460.27	389.99	282.36	185.43	83.25	223.07
Net Interest Income	89.25	11.29	-23.7	72.96	123.62	127.09
Gain (Loss) on Sale of Investments	10.72	-113.77	70.14	-320.74	117.1	-362.34
Other Revenue	102.71	245.72	163.56	179.38	51.09	29.52
Revenue Before Loan Losses	216.78	143.24	210	-68.4	291.81	-205.72
Revenue	216.78	143.24	210	-68.4	291.81	-205.72
Revenue Growth (YoY)	-14.18%	-31.79%	-	-	-	-
Salaries & Employee Benefits	9.1	8.9	10.4	13	11.5	9.92
Cost of Services Provided	132.01	145.89	151.35	152.73	73.68	44.26
Other Operating Expenses	3.21	3.21	-	-	-	-
Total Operating Expenses	168.95	197.82	186.37	292.55	104.43	54.56
Operating Income	47.83	-54.57	23.63	-360.95	187.38	-260.29
EBT Excluding Unusual Items	50.9	-54.57	23.63	-360.95	187.38	-260.29
Impairment of Goodwill	-	-	-	-	-	-25.22
Other Unusual Items	-0.73	-2.67	-0.41	6.16	3.71	-
Pretax Income	49.68	-92.92	-77.72	-340.11	190.93	-287.26
Income Tax Expense	-1.33	1.04	0.08	0.54	2.46	0.98
Earnings From Continuing Ops.	51.01	-93.95	-77.8	-340.65	188.48	-288.24
Minority Interest in Earnings	13.12	31.92	29.13	42.04	4.72	-0.27
Net Income	64.13	-62.03	-48.67	-298.61	193.2	-288.51
Preferred Dividends & Other Adjustments	46.46	41.76	41.37	41.97	49.02	41.19
Net Income to Common	17.67	-103.79	-90.04	-340.58	144.18	-329.7
Net Income Growth	469.16%	-	-	-	-	-
Shares Outstanding (Basic)	90	91	91	94	95	93
Shares Outstanding (Diluted)	91	91	91	94	95	93
Shares Change (YoY)	0.35%	-0.25%	-3.48%	-0.97%	2.69%	52.93%
EPS (Basic)	0.20	-1.14	-0.99	-3.61	1.52	-3.55
EPS (Diluted)	0.19	-1.14	-0.99	-3.61	1.51	-3.56
Dividend Per Share	0.830	0.800	1.200	1.600	1.600	0.900
Dividend Growth	3.75%	-33.33%	-25.00%	-	77.78%	-71.88%
Operating Margin	22.06%	-38.10%	11.25%	-	64.21%	-
Profit Margin	8.15%	-72.45%	-42.87%	-	49.41%	-
Effective Tax Rate	-	-	-	-	1.29%	-

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Financial Services template. Financial Sources.