Great Elm Group, Inc. · NASDAQ:GEG
Great Elm — Q4 2026 Earnings Presentation
19 slides from Great Elm's earnings presentation, Aug 27, 2026
Slide 1: Fourth Quarter & Fiscal Year Ended June 30, 2026
August 27, 2026 Fourth Quarter & Fiscal Year Ended June 30, 2026 NASDAQ: GEG
Slide 2: GEG Highlights
GEG Highlights • Net Loss: Fiscal 2026 net loss was $(35.4) million, compared to $12.9 million of net income in the prior year primarily driven by unrealized losses from the decline in Great Elm Capital Corp.’s (“GECC”) share price; fourth quarter net income of $1.1 million reflected lower unrealize
Slide 3: Capital Raises & Strategic Transactions
Capital Raises & Strategic Transactions GEG and its managed vehicles raised $393 million of gross capital across the Company’s $393M credit and real estate platforms since July 1, 2025 • Kennedy Lewis Strategic Partnership – July 2025 o GEG formed a transformative strategic partnership with Kennedy
Slide 4: About GEG
About GEG Great Elm Group, Inc. (GEG) is a publicly traded alternative asset manager focused on: • Growing a scalable and diversified portfolio of long-duration and permanent capital vehicles • Investing in credit, real estate, and other alternative strategies Alternative Credit • Focus on capital p
Slide 5: GEG Platform
GEG Platform ALTERNATIVE CREDIT REAL ESTATE GECC Private Vehicles Monomoy REIT Real Estate Ventures • Public BDC with • Great Elm’s private credit • Private REIT focused on • Monomoy BTS (“MBTS”) ~$280 million AUM strategy focuses on direct industrial outdoor storage develops properties from the • ~
Slide 6: Summary Financial Position
Summary Financial Position GEG June 30, 2026, condensed balance sheet $ Millions June 30, 2026 Cash & Cash Equivalents $53.5 Current Liabilities $7.7 Investments 32.6 Long-Term Debt 26.7 Other Current and Long-Term 27.6 Convertible Notes 36.5 Assets Other Liabilities 2.0 Total Liabilities $72.9 Tota
Slide 7: Real Estate Highlights
Real Estate Highlights Asset Management Fees Transaction Activity Project Activity Ramp in Business MCRE generated growing fee Fiscal Q4 2026 was a record In June 2026, MBTS sold its third MCS continues to focus on revenue for the quarter ended quarter for MREIT capital development property for a $0
Slide 8: Alternative Credit Highlights
Alternative Credit Highlights GECC Private Credit Leadership Enhancing Capital Structure Orderly Wind-Down Jason Reese, Chairman of the Board, GECC retired all $18.6 million of remaining During fiscal 2026, management completed appointed as CEO of GECC on May 4, 2026, GECCO notes due June 2026 and e
Slide 9: Stock Repurchases
Stock Repurchases Disciplined execution of repurchases continues to support long-term shareholder value Fiscal 4Q26 Repurchase Activity • Repurchased approximately 0.3 million shares at Significant Stock Repurchases1 an average price of $2.18 per share 1,732 • Represents roughly 1% of shares outstan
Slide 10: Fiscal 2026 Fourth Quarter and Full Year Highlights
Fiscal 2026 Fourth Quarter and Full Year Highlights August 27, 2026 10
Slide 11: Fiscal 4Q26 Financial Highlights
Fiscal 4Q26 Financial Highlights Revenue Net Income Adjusted EBITDA1 • FY4Q26 revenue of $10.6 • Net income of $1.1 million for • FY4Q26 Adjusted EBITDA of million, compared to $5.6 FY4Q26, compared to net $0.3 million, compared to million in the prior-year period, income of $13.6 million in the $1.
Slide 12: Fiscal 2026 Financial Highlights
Fiscal 2026 Financial Highlights Revenue Net Income Adjusted EBITDA1 • Fiscal 2026 revenue was $27.8 • Net loss of $(35.4) million for • Fiscal 2026 Adjusted EBITDA million, compared to $16.3 Fiscal 2026, compared to net of $(3.4) million, compared million in the prior-year period, income of $12.9 m
Slide 13: Assets Under Management
Assets Under Management $mm AUM $mm FPAUM $800 $758 $771 $750 $590 $600 $553 $600 $450 $400 +2% $300 +7% $200 $150 $0 $0 6/30/2025 6/30/2026 6/30/2025 6/30/2026 $771 million of Assets Under Management (“AUM”) $590 million of Fee-Paying AUM (“FPAUM”) as of as of June 30, 2026, up 2% from June 30, 202
Slide 14: Financial Review: Fiscal 4Q26 Balance Sheet
Financial Review: Fiscal 4Q26 Balance Sheet In thousands June 30, 2026 June 30, 2025 ASSETS Cash and cash equivalents $ 53,474 $ 30,603 Receivables from managed funds 3,954 8,331 Investments at fair value 32,612 60,614 Prepaid and other current assets 1,671 2,803 Identifiable intangible assets, net
Slide 15: Financial Review: Fiscal 4Q26 Income Statement
Financial Review: Fiscal 4Q26 Income Statement Three months ended June 30, Twelve months ended June 30, In thousands 2026 2025 2026 2025 Revenues $ 10,559 $ 5,608 $ 27,776 $ 16,316 Cost of Revenues 6,484 - 13,248 1,082 Operating costs and expenses: Compensation and benefits 4,119 4,489 19,582 15,478
Slide 16: Results By Quarter
Results By Quarter Three Months Ended June 30, March 31, December 31, September 30, June 30, In thousands 2026 2026 2025 2025 2025 NON-GAAP RECONCILIATION Net income (loss) $ 1,064 $ (13,520) $ (16,548) $ (7,904) $ 15,723 Interest expense 1,023 1,033 1,022 1,028 1,060 Income tax (benefit) expense (4
Slide 17: Results Year-Over-Year
Results Year-Over-Year Three months ended June 30, Twelve months ended June 30, In thousands 2026 2025 2026 2025 NON-GAAP RECONCILIATION Net income (loss) $ 1,064 $ 15,723 $ (36,908) $ 15,550 Interest expense 1,023 1,060 4,106 4,157 Income tax (benefit) expense (480) 86 (376) 86 Depreciation and amo
Slide 18: Contact Information
Contact Information Investor Relations Contact geginvestorrelations@greatelmcap.com August 27, 2026 18
Slide 19: Disclaimer
Disclaimer Statements in this presentation that are “forward-looking” statements, including statements regarding expected growth, profitability, acquisition opportunities and outlook involve risks and uncertainties that may individually or collectively impact the matters described herein. Investors