Growth in Assets Under Management
Fee-paying AUM increased by 15% year-over-year, reaching approximately $565 million, driven by Great Elm Capital Corp.'s equity and debt issuances.
Revenue Increase
Total revenue for the fiscal third quarter grew 15% year-over-year to $3.2 million, primarily due to increased revenues from real estate project management fees and rental income.
Strategic Acquisition and Expansion
Launched Monomoy Construction Services by acquiring Greenfield CRE, enhancing the real estate platform and creating revenue and operational synergies.
Strong Cash Position
Ended the quarter with approximately $32 million in cash, positioning the company well for future growth and investment opportunities.
GECC Performance
GECC generated record total investment income of $12.5 million in Q1 2025, supported by strong cash flows from its CLO JV, and increased base management fees by over 40% year-over-year.
Share Buyback Program
Repurchased approximately 4.8 million shares for $8.7 million at an average cost of $1.84 per share, a 15% discount to the quarter-end book value per share of $2.14.