Geo Group Inc (the) Reit · NYSE:GEO
Geo Group Inc (the) Reit — Q3 2025 Earnings Presentation
23 slides from Geo Group Inc (the) Reit's earnings presentation, Nov 6, 2025
Slide 1: Supplemental Information Third Quarter and YTD 2025
Supplemental Information Third Quarter and YTD 2025 The GEO Group, Inc.'s ("GEO") Unaudited Reconciliation Tables and Supplemental Disclosure presented herein speaks only as of the date or period indicated, and GEO does not undertake any obligation, and disclaims any duty, to update any of this info
Slide 2: Table of Contents
Company Profile 3 Condensed Consolidated Balance Sheets 4 Condensed Consolidated Statement of Operations 5 Reconciliation of Net Income to EBITDA and Adjusted EBITDA, and Reconciliation of Net Income Attributable to GEO to Adjusted Net Income 6 Reconciliation of Net Income Attributable to GEO to Net
Slide 3: Company Profile
Company Profile The GEO Group, Inc. (NYSE: GEO) is a leading diversified government service provider, specializing in design, financing, development, and support services for secure facilities, processing centers, and community reentry centers in the United States, Australia, South Africa, and the U
Slide 4: Condensed Consolidated Balance Sheets
Condensed Consolidated Balance Sheets * As of As of September 30, 2025 December 31, 2024 (unaudited) (unaudited) ASSETS Cash and cash equivalents $ 183,945 $ 76,896 Restricted cash and cash equivalents - 2,785 Accounts receivable, less allowance for doubtful accounts 452,918 376,013 Prepaid expenses
Slide 5: Condensed Consolidated Statement of Operations
Condensed Consolidated Statement of Operations * Q3 2025 Q3 2024 YTD 2025 YTD 2024 (unaudited) (unaudited) (unaudited) (unaudited) Re v e nue s $ 682,341 $ 603,125 $ 1,923,854 $ 1,815,982 Ope rating e xpe nse s 508,881 441,917 1,438,574 1,327,121 De pre ciation and amortization 33,039 31,756 97,907
Slide 6: Reconciliation of Net Income to EBITDA and Adjusted EBITDA
Reconciliation of Net Income to EBITDA and Adjusted EBITDA, and Net Income Attributable to GEO to Adjusted Net Income * Q3 2025 Q3 2024 YTD 2025 YTD 2024 (unaudited) (unaudited) (unaudited) (unaudited) Net Income $ 173,922 $ 26,289 $ 222,538 $ 16,385 Add: Income tax provision/(benefit) ** 56,610 11,
Slide 7: Reconciliation of Net Income Attributable to GEO to Net Operating Income (NOI)
Reconciliation of Net Income Attributable to GEO to Net Operating Income (NOI) * Q3 2025 Q3 2024 YTD 2025 YTD 2024 (unaudited) (unaudited) (unaudited) (unaudited) Net Income attributable to GEO $ 173,940 $ 26,320 $ 222,606 $ 16,475 Less Net loss attributable to noncontrolling interests 18 31 68 90 N
Slide 8: Financial Summary
Financial Summary Company Profile * Q3 2025 Q3 2024 YTD 2025 YTD 2024 (unaudited) (unaudited) (unaudited) (unaudited) Market Capitalization ** $ 2,852,126 $ 1,795,425 $ 2,852,126 $ 1,795,425 Share Price ** $ 20.49 $ 12.85 $ 20.49 $ 12.85 Revenues * Owned and Leased: Secure Services $ 363,174 $ 298,7
Slide 9: Financial Summary
Financial Summary Q3 2025 Q3 2024 YTD 2025 YTD 2024 Portfolio * Owned and Leased: Secure Services 31 30 31 30 Owned and Leased: Reentry Services 31 34 31 34 Managed Only & Other 25 25 25 25 87 89 87 89 Owned and Leased: Secure Services ** Revenue Producing Beds 38,923 35,455 40,123 35,455 Occupancy
Slide 10: Global Operations Profile
Global Operations Profile Global Operating Portfolio by Region * ** United States Facilities Current Beds Beds 1-Yr Ago Texas 19 17,736 19,031 California 13 6,623 6,623 Pennsylvania 8 3,350 3,350 Florida 6 7,061 5,751 Alaska 6 705 705 Colorado 5 2,810 2,860 Arizona 4 5,930 5,930 Georgia 4 5,254 5,28
Slide 11: Portfolio Operating Metrics
Portfolio Operating Metrics * BEDS (1) YTD 09/30/2025 Q3 2025 # of Facilities (1) Sq. Ft. Owned & Compensated Compensated Managed Only Total Revenue* Occupancy Revenue* Occupancy Leased Mandays Mandays Eastern Region (FL,GA,IN) 6 2,368,940 1,500 9,195 10,695 $153,661 2,804,377 96% $54,265 946,468 96
Slide 12: Customer Data
Customer Data Customer Retention Data Total YTD 2025 2024 2023 2022 2021 # of Contracts up for Renewal/Rebid 238 36 46 48 50 58 Contract Retention Rate: Owned & Leased 93.9% 97.0% 97.7% 97.8% 93.3% 84.8% Contract Retention Rate: Managed Only 73.1% 66.7% 66.7% 100.0% 60.0% 75.0% Retention Rate 91.6%
Slide 13: Capital Expenditures
Capital Expenditures * Q3 2025 Q2 2025 Owned & Leased Owned & Leased Managed Managed Reentry BI ** Total Secure Reentry BI ** Total Secure Services Only & Other Only & Other Services Services Services Cap-Ex Category Growth 78,131 - - - 78,131 16,226 - - - 16,226 Technology - - 5,665 - 5,665 - - 9,1
Slide 14: Debt Maturity Schedule
Debt Maturity Schedule * 2025 2026 2027 2028 2029 2030 2031 2032 2033 Thereafter Total Floating Rate Debt Revolver Borrowings Due 2030 $ - $ - $ - $ - $ - $ 262,583 $ - $ - $ - $ - $ 262,583 Total Floating Debt $ - $ - $ - $ - $ - $ 262,583 $ - $ - $ - $ - $ 262,583 Fixed Rate Debt 8.625% Senior Sec
Slide 15: Outstanding Debt
Outstanding Debt * Senior Notes Due 2029 2031 Closing Date 4/18/24 4/18/24 Denomination USD USD Security Secured Unsecured Original Principal Amount $650,000 $625,000 Outstanding Principal Amount (end of quarter) $650,000 $625,000 Stated Coupon 8.625% 10.250% Maturity Date 4/15/29 4/15/31 Date Calla
Slide 16: Acquisitions/Dispositions
Acquisitions/Dispositions * Acquisitions Bed Count State Purchase Price Acquisition Date Tampa Residential Reentry Center 118 FL $1,200 March 2021 Correct Care Australasia N/A Australia $3,910 March 2024 Western Region Detention Facility 770 CA $60,000 July 2025 Total $65,110 Dispositions Bed Count
Slide 17: Idle Facilities
Idle Facilities Idle Facilities (As of 9/30/2025) Secure Services Facilities ** Location Ownership Bed Count Net Book Value * Flightline Correctional Facility Texas Owned 1,452 32,290 Rivers Correctional Facility North Carolina Owned 1,320 36,320 Lea County Correctional Facility New Mexico Owned 1,2
Slide 18: Property List
Property List Updated as of November 6, 2025 Renewal Facility Name S tate Years Contracted Term(s ) Upcoming Renewal Date Option(s ) OWNED AND LEASED PROPERTIES GEO SECURE SERVICES 1 Adelanto ICE Proces s ing Center California December-19 5 years Two, five-year December-29 Two, five-year/one, year o
Slide 19: Property List
Property List Updated as of November 6, 2025 Renewal Facility Name State Years Contracted Term(s ) Upcoming Renewal Date Option(s ) OWNED AND LEASED PROPERTIES GEO CARE - REENTRY SERVICES 1 Alabama Therapeutic Education Facility Alabama December-21 2 year Three, one-year November-25 2 Cordova Center
Slide 20: Property List
Property List Updated as of November 6, 2025 Renewal Facility Name State Years Contracted Term(s) Upcoming Renewal Date Option(s) GEO CARE - REENTRY SERVICES 18 Tully House New Jersey August-25 1 year, 11 months None June-27 19 New Mexico Men's Recovery Academy New Mexico July-23 4 years None June-2
Slide 21: Property List
Property List Updated as of November 6, 2025 Renewal Facility Name State Years Contracted Term(s) Upcoming Renewal Date Option(s) MANAGED-ONLY FACILITIES GEO SECURE SERVICES 1 Florence West Correctional and Rehabilitation Facility Arizona October-22 5 years One, five-year October-27 2 Phoenix West C
Slide 22: Property List
Property List Updated as of November 6, 2025 Renewal Facility Name State Years Contracted Term(s) Upcoming Renewal Date Option(s) GEO LEASED PROPERTIES (NOT MANAGED) Great Plains Correctional Facility Oklahoma May-23 5 years, 6 months Unlimited, one-year October-28 1 2 Guadalupe County Correctional
Slide 23: Definitions
Debt Maturity Schedule * EBITDA: EBITDA is defined as net income, adjusted by adding provisions for income tax, interest expense, net of interest income, and depreciation and amortization. Adjusted EBITDA: Adjusted EBITDA is defined as EBITDA adjusted for gain/Loss on asset divestitures/impairment,
Geo Group Inc (The) REIT — Q3 2025 Earnings Presentation on 6ix