Abacus Global Management, Inc. · NYSE:ABX

Abacus Global Management — Q4 2025 Earnings Presentation

39 slides from Abacus Global Management's earnings presentation, Mar 12, 2026

1. Slide 1: Q4 & FY 2025 Investor Presentation

   Q4 & FY 2025 Investor Presentation March 12th, 2026 1

2. Slide 2: Disclaimer

   Disclaimer General. This presentation (this “Presentation”) is provided solely for informational purposes. This Presentation is subject to update, completion, revision, verification and further amendment without notice. None of Abacus Global Management, Inc. (the “Company”, "Abacus", Abacus Global M

3. Slide 3: Disclaimer

   Disclaimer Information provided is for informational and educational purposes only and is not a recommendation to take any particular action, or any action at all, nor an offer or solicitation to buy or sell any securities or services presented. It is not investment advice. Investing involves risk,

4. Slide 4: Abacus Global Management Overview

   Abacus Global Management Overview Established in 2004, Abacus is a ~$3.6 Billion in AUM1 ~325 Employees global alternative asset manager, across longevity-based assets between origination, asset revolutionizing financial services and a suite of ETF solutions management, wealth through expert asset m

5. Slide 5: 20+ Years of Growth

   20+ Years of Growth Key Milestones at a Glance 2004 $10B+ 6 30+ 4 COMPANY FACE VALUE GLOBAL OFFICES/ COUNTRIES BUSINESS FOUNDED PURCHASED REP LOCATIONS REACHED DIVISIONS 2004 ~2010s 2019 Jul 2023 2024 Feb 2025 Dec 2025 Founded in National scale; JV with a $750B+ IPO on Asset Management & Rebranded t

6. Slide 6: The Abacus Advantage: Four Verticals, One Vision

   The Abacus Advantage: Four Verticals, One Vision Abacus Life Solutions Abacus Asset Group The Foundation The Growth Engine  Originates assets for internal and other institutional  Manages longevity funds and ETFs, delivering strong funds risk-adjusted returns through tailored investment  Over $10

7. Slide 7: Why Abacus? Three Pillars of Corporate Strategy

   Why Abacus? Three Pillars of Corporate Strategy Building Durable Value Through Market Leadership 1 Dominant Player in an 2 Exceptional Capital 3 Fee Related Earnings = Underpenetrated Market Efficiency Multiple Expansion Annual TAM: ~$224B1 Book Turnover: 2.6x/year5 Current Mix: ~16%5 Abacus Market

8. Slide 8: Executing on Strategy Growth – Q4 2025

   Executing on Strategy Growth – Q4 2025 Maximizing Shareholder Value YoY Revenue YoY Growth in Total Capital Growth Capital Deployed Inflows1 Abacus seeks to strategically enhance shareholder value through a multifaceted approach that includes robust financial performance, technological innovation, a

9. Slide 9: From Origination to Platform

   From Origination to Platform The Revenue Transformation Underway Key Growth Drivers by Division Revenue Mix Evolution  Securitization created third distribution channel, compressing capital costs and accelerating 2025 2028E 2030E turnover Divisions Life Solutions 84% 40% 30%  Tertiary market expan

10. Slide 10: The Path to Scale

    The Path to Scale Illustrative AUM Bridge to a Diversified $50B Platform Growth by Strategy Vertical ($B) Adj. EBITDA: $450mm $50.0B 50 +10.0 40 Adj. EBITDA: $250mm +7.0 27.0 Wealth $30.0B 30 Other Strategies +17.0 17.0 20 Longevity 15.0 10 Adj. EBITDA: $133mm +7.2 8.0 $3.6B 5.0 8.0 0 2025A Growth 2

11. Slide 11: Abacus Life Solutions: Life Market Opportunity

    Abacus Life Market Opportunity Solutions::  Life insurance represents one of the largest TAMs in alternative investments, with $14T1 in outstanding individual policies Secondary Market — ~$224 Billion2 Policy Sourcing & Origination  Traditional life settlement sourcing via DTC, Broker and Agent ch

12. Slide 12: We Control the Entire Asset Value Chain

    We Control the Entire Asset Value Chain Vertical integration drives superior outcomes Spreads at Management Servicing Performance origination fees fees incentive fees Sourcing: Portfolio Servicing: Global Distribution  Access to Life Management:  In-house servicing Network: Solutions direct-to- 

13. Slide 13: Abacus Asset Group: Longevity Funds

    20-years of combined track record Abacus Over $10 billion in face value of policies transacted Asset Group: Over $6 billion in face value realized through maturities or sales Longevity ~$2.4 billion of fee-paying AUM across the longevity funds  On-shore income funds Funds  3-to-10-year structures

14. Slide 14: Abacus Longevity Assets Distribution Strategy

    3 Channels Abacus Multiple Pathways to Institutional Capital Longevity 1 Institutional Sales Assets Direct whole-asset sales to institutional buyers seeking longevity exposure  20+ years of buyer relationships across asset managers, family offices, and insurers Distributionn  Competitive pricing f

15. Slide 15: Securitized Products Issuance of Life Insurance Assets

    Securitized Products Issuance of Life Insurance Assets From Emerging Opportunity to Established Asset Class Abacus aggregates life insurance policies into diversified portfolios, structures them by risk profile, and issues collateral-backed notes to institutional investors, delivering predictable, m

16. Slide 16: Abacus Asset Group: $7.8B Managed

    Abacus Asset 3,627 3,366 $7.8B Group: Policies Serviced  Active Portfolio Insureds  Comprehensive Face Amount  Total Coverage Management Tracking Managed Policy Servicing— Ensuring Integrity & Multi-Fund Servicing: Real-Time Reporting: Timeliness 15 Different Funds Live Data + Monthly Reports Cus

17. Slide 17: Abacus Asset Group: Suite of ETF Solutions

    Abacus Abacus FCF Advisors Asset Group: The Abacus Free Cash Flow Leaders Model focuses on the core factors of FCF-ROIC to generate returns from organic and sustainable sources: Suite of ETF Prudent Capital Expenditure, High Cash Flow Margin, Strong Asset Turnover, and Low Accruals. Solutions Featur

18. Slide 18: Abacus Intel: Advanced Technology Powering Data-Driven Solutions

    Abacus Intel: 97% <1% Advanced National Coverage False Positive Rates Technology Powering  Abacus Intel’s MVerify® is a single validation engine aggregating SSA, state vital records, obituary feeds, Data-Driven and other proprietary sources Solutions  Foundational for pension funds, secondary life

19. Slide 19: Abacus Intel: Growth Trajectory and Market Penetration

    Abacus Intel: Growth Trajectory and Market Penetration Unlocking New Revenue Channels From Insurance to Pensions 4x YoY Increase in Lives Tracked 100+ Government and Union Systems Now Using Abacus Intel Number of Lives Tracked – Abacus Intel High-Probability Market Opportunities Paid Lives 2.8M 2.6M

20. Slide 20: Abacus Wealth Advisors: Personalized Financial Planning Based on Longevity

    Abacus Wealth Advisors: Personalized Financial Planning Based on Longevity Leveraging synergies across our business verticals Asset origination Abacus Life Asset sourcing Product distribution Abacus Asset Solutions Abacus Group Wealth Customer & lead engine Advisors Longevity data and technology Aba

21. Slide 21: Q4 & FY 2025 Financial Overview

    Q4 & FY 2025 Financial Overview 21

22. Slide 22: Q4 2025 Financial Performance Highlights

    Q4 2025 Financial Performance Highlights Key Quarterly Achievements Q4 2025 vs Q4 2024 Performance 1 Total revenue more than doubles to $71.9 million, compared to $33.2 million in the prior-year period 116% 132% 71% GAAP Net Income attributable to shareholders was $7.2 million, Revenue % Adj. EBITDA

23. Slide 23: FY 2025 Financial Performance Highlights

    FY 2025 Financial Performance Highlights Key Annual Achievements FY 2025 vs FY 2024 Performance 1 Total revenue more than doubles to $235.2 million, compared to $111.9 million in the prior-year 110% 115% 84% GAAP Net Income attributable to shareholders was $36.5 million, Revenue % Adj. EBITDA % Adj.

24. Slide 24: Consolidated Proforma Historical Financial KPIs (Q4 2023 – Q4 2025)

    Consolidated Proforma Historical Financial KPIs (Q4 2023 – Q4 2025) Revenue Adjusted Net Income1 ($ in millions) ($ in millions) $23.6 $23.0 $71.9 $21.9 $63.0 $56.2 $17.3 $14.9 $44.1 $13.4 $11.8 $33.2 $29.1 $28.1 $23.6 $21.5 $6.7 $5.9 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q

25. Slide 25: Additional KPIs (Q1 2024 – Q4 2025)

    Additional KPIs (Q1 2024 – Q4 2025) Gross Assets Under Management Fee Paying Assets Under Management1 $3.55B $3.28B $3.25B $3.33B $2.99B $3.07B $2.96B $3.11B $278.58M $2.72B $2.78B Balance Sheet Longevity Funds $2.43B Longevity Funds ETFs ETFs $850.61M Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q4 2024

26. Slide 26: Additional KPIs (Q1 2024 – Q4 2025)

    Additional KPIs (Q1 2024 – Q4 2025) Annualized Turnover Ratio vs. Target Holding Period Comparison: Owned vs. Sold Policies (Annualized Turnover Ratio) (# of Days) 3.0x 400 2.6x 300 2.0x 269 200 1.0x 116 100 0.0x 0 Actual Turnover Target Range (1.5-2.0x) Days Held (Owned Policies) Days Held (Sold Po

27. Slide 27: Abacus Earnings Framework

    Abacus Earnings Framework Principal Total Fee Related Expenses & Adjusted Investing Operating Earnings Taxes Net Income Earnings Earnings  Asset  Active  Abacus Life  Interest Management Management Solutions Expense, Net Fees  Performance  Abacus Asset  Taxes on Adj.  Servicing Income Group

28. Slide 28: FY 2026 Financial Guidance

    FY 2026 Financial Guidance 28

29. Slide 29: FY 2026 Guidance

    Issuing — FY 2026 Guidance Positioned for Continued Growth Metric FY 2025 Actual FY 2026 Guidance Implied YoY Change (%) Adjusted Net Income $85.7 million $96 million - $104 million Up to +22% Key Assumptions and Commentary $96M - $104M $85.7M  Sustained momentum in origination and capital deployme

30. Slide 30: Q4 & FY 2025 Financial Appendix

    Q4 & FY 2025 Financial Appendix 30

31. Slide 31: Abacus Global Management, Inc. Income Statement

    Abacus Global Management, Inc. Income Statement Three Months Ended Year Ended December 31, December 31, 2025 2024 2025 2024 REVENUES: Asset management $ 1,002,986 $ 545,502 $ 4,176,718 $ 722,317 Asset management, related party 7,673,651 2,528,939 29,668,675 2,891,333 Life solutions 51,112,836 26,791

32. Slide 32: Abacus Global Management, Inc. Income Statement (cont’d)

    Abacus Global Management, Inc. Income Statement (cont’d) Three Months Ended Year Ended December 31, December 31, 2025 2024 2025 2024 OTHER INCOME (EXPENSE): Gain (loss) on change in fair value of warrant liability - 5,785,000 (1,704,193) (2,702,040) Interest expense (10,684,990) (5,861,740) (38,793,

33. Slide 33: Abacus Global Management, Inc. Adjusted Net Income

    Abacus Global Management, Inc. Adjusted Net Income Three Months Ended December 31, Three Months Ended December 31, 2025 2024 Estimated Estimated Gross Net Gross Net Tax [2] Tax [2] Net income (loss) attributable to Abacus Global Management $ 7,226,649 $ 7,226,649 $ (18,257,233) $ - $ (18,257,233) Ne

34. Slide 34: Abacus Global Management, Inc. Adjusted Net Income (cont’d)

    Abacus Global Management, Inc. Adjusted Net Income (cont’d) Year Ended December 31, Year Ended December 31, 2025 2024 Estimated Estimated Gross Net Gross Net Tax [2] Tax [2] Net income (loss) attributable to Abacus Global Management $ 36,525,269 $ - $ 36,525,269 $ (23,961,050) $ - $ (23,961,050) Net

35. Slide 35: Abacus Global Management, Inc. Adjusted EBITDA

    Abacus Global Management, Inc. Adjusted EBITDA Three Months Ended December 31, Year Ended December 31, 2025 2024 2025 2024 Net Income (Loss) 7,226,649 $ (19,009,504) 37,311,952 $ (24,918,037) Depreciation and amortization expense 4,262,403 2,732,373 18,605,114 7,910,158 Income tax expense (benefit)

36. Slide 36: Abacus Global Management, Inc. Balance Sheet

    Abacus Global Management, Inc. Balance Sheet December 31, December 31, 2025 2024 ASSETS CURRENT ASSETS: Cash and cash equivalents $ 38,112,332 $ 131,944,282 Accounts receivable 18,082,473 15,785,531 Accounts receivable, related party 9,320,103 7,113,369 Income taxes receivable 411,055 2,099,673 Prep

37. Slide 37: Abacus Global Management, Inc. Balance Sheet (cont’d)

    Abacus Global Management, Inc. Balance Sheet (cont’d) December 31, December 31, 2025 2024 LIABILITIES, MEZZANINE EQUITY, AND STOCKHOLDERS' EQUITY CURRENT LIABILITIES: Current portion of long-term debt, at fair value $ 114,424,000 $ 37,430,336 Current portion of long-term debt 1,500,000 1,000,000 Acc

38. Slide 38: Abacus Global Management, Inc. Balance Sheet (cont’d)

    Abacus Global Management, Inc. Balance Sheet (cont’d) December 31, December 31, 2025 2024 COMMITMENTS AND CONTINGENCIES (Note 12) MEZZANINE EQUITY Series A convertible preferred stock, $0.0001 par value; 5,000 shares authorized; 5,000 issued and 5,000,000 - outstanding TOTAL MEZZANINE EQUITY 5,000,0

39. Slide 39: Global Management, Inc.

    GLOBAL MANAGEMENT, INC. NYSE | ABX

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