AlTi Global Earnings Call Transcripts
Fiscal Year 2026
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AUM grew to $51B, up 8% year-over-year, with $58M in Q2 revenue and $5M adjusted EBITDA. Cost controls improved margins, but a $19M unrealized loss was recorded due to the unwinding of an external fund. Strategic focus remains on organic growth and efficiency.
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The meeting confirmed the election of all director nominees and ratified KPMG as auditor. Financial highlights included $50B in AUM, $93B in AUA, and a 29% revenue increase. Strategic plans focus on global expansion, cost reduction, and platform scaling.
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Revenue grew 28% year-over-year to $73M, with AUM up 9% to $49B, driven by strong investment performance and the Kontora acquisition. Adjusted EBITDA rose 21% to $15M, while cost reduction and strategic review efforts continue.
Fiscal Year 2025
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Revenue grew 29% to $255M in 2025, with AUM up 10% to $50B and strong incentive fee contributions. CEO transition and cost discipline initiatives position the firm for improved profitability in 2026, while strategic alternatives are under review.
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Revenue grew 10% year-over-year to $57 million, with 95% from recurring fees and AUM reaching $49 billion. Non-core real estate business exit and cost initiatives led to a GAAP net loss, but adjusted EBITDA was $6 million, and margin expansion is expected as cost savings materialize.
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Q2 2025 revenue grew 7% year-over-year to $53 million, with 99% from recurring fees. Strategic actions included exiting International Real Estate and acquiring Kontora, driving operational focus and future margin expansion. Adjusted EBITDA was $4 million, with significant cost savings expected in H2 2025.
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Q1 2025 saw 14% revenue growth to $58M, driven by strong wealth management and capital solutions performance, recurring fees, and the Kontora acquisition. Operational streamlining and cost optimization are underway, with further guidance on margins and capital allocation expected later this year.
Fiscal Year 2024
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2024 saw strong asset and revenue growth, driven by strategic partnerships, acquisitions, and a shift to recurring management fees. Cost optimization and divestitures improved profitability, with no bank debt at year-end and a robust outlook for 2025.
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Expanded platform and strategic partnerships drove 13% AUM growth and 11% revenue increase year-over-year. Adjusted EBITDA rose sharply, while non-cash impairments led to a GAAP net loss. Integration of acquisitions and technology investments position the firm for continued growth.
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AUM grew 4% to $72B, with wealth management assets up 15% and segment revenues up 20% year-over-year. Strategic acquisitions and $400M in new capital position the firm for further expansion, while a real estate business review may lead to additional AUM runoff.