GEG

EX-99.1

2 geg-ex99_1.htm

EX-99.1

EX-99.1

Exhibit 99.1

GREAT ELM GROUP REPORTS FISCAL 2026 FOURTH QUARTER AND FULL YEAR

FINANCIAL RESULTS

– Fiscal 2026 Net Loss of Approximately $35 Million, Driven Primarily by GECC Share Price Decline –

– Fourth Quarter Total Revenue Increased 88% from the Prior-Year Period –

– Nearly $400 Million of Gross Capital Raised in Fiscal 2026 –

– Fee-Paying AUM and AUM Grew 7% and 2% from the Prior-Year Period to $590 Million and $771 Million, Respectively, as of June 30, 2026 –

– Monomoy REIT Achieved Record Capital Deployment in the Fourth Quarter with Six Acquisitions and $34 Million of Committed Capital1 –

– Monomoy BTS Sold Third Development Property in June 2026 for Approximately $0.9 Million Gain on Sale and Purchased Fifth Development Property in July 2026 –

– GECC Delivered Improved NAV and Portfolio Performance During the Quarter While Continuing to Strengthen its Capital Structure Through Addressing Near Term Debt Maturities –

– Strong, Liquid Balance Sheet with Over $53 Million of Cash and Equivalents Positions Company to Drive Continued Growth –

– Repurchased Approximately 0.3 Million Shares, Roughly 1% of Shares Outstanding During the Fourth Quarter –

Company to Host Conference Call at 8:30 a.m. ET on August 27, 2026

PALM BEACH GARDENS, Florida, August 26, 2026 – Great Elm Group, Inc. (“we,” “our,” “GEG,” “Great Elm,” or “the Company”), (NASDAQ: GEG), an alternative asset manager, today announced financial results for its fiscal fourth quarter and year ended June 30, 2026.

Management Commentary

Jason Reese, Chief Executive Officer of the Company stated, “Fiscal 2026 was a year of meaningful progress across Great Elm’s platform, although that progress was overshadowed by significant unrealized losses primarily driven by our investments in GECC and GECC-related vehicles. These mark-to-market changes had a significant impact on our financial results and book value.

Importantly, we exited the year with improving momentum across several of our businesses. We completed record capital raises of nearly $400 million across GEG and our managed vehicles and expanded our fee-paying assets under management.

Our real estate platform was a particular area of strength. Monomoy REIT achieved record acquisition activity as we continued to scale our industrial outdoor storage (IOS) portfolio, supported by our strategic partnership with Kennedy Lewis. Monomoy BTS advanced its build-to-suit strategy, profitably selling its second and third design-build properties,

advancing development of its fourth project, and acquiring its fifth property in July. While Monomoy Construction Services had a slower than expected ramp, we are encouraged by its growing pipeline, anchored by core tenants and new expanding relationships. Together, these businesses provide an integrated platform spanning construction, development, acquisitions and asset management, with significant opportunity to further scale.

We also strengthened our alternative credit platform during the year. Despite portfolio setbacks early in the year and challenging market sentiment toward private credit, GECC maintained a disciplined investment approach, enhanced portfolio quality, and took important steps to strengthen its capital structure, including redeeming debt and extending the maturity of its revolving credit facility. These actions leave GECC better positioned to pursue attractive investment opportunities and generate long-term, fee-related earnings.

Our CoreWeave-related equity investment also continued to generate significant value. Since April 1, we have received approximately $3 million of distributions, bringing our total distributions since inception to $8.6 million, compared with our original $5.0 million investment, while retaining meaningful upside potential at current trading levels.

Finally, we repurchased shares of our common stock for the eleventh consecutive quarter, reflecting our conviction in the intrinsic value of Great Elm, with nearly $24 million of capacity remaining under the repurchase program. While we are not satisfied with the reported loss for fiscal 2026, we enter fiscal 2027 with growing fee-paying assets, substantial liquidity and improving momentum across our operating businesses. We remain focused on disciplined capital deployment, expanding fee-related earnings and creating long-term value for our shareholders.”

Fiscal Fourth Quarter 2026 and Recent Highlights

• Total revenue for the fourth quarter was $10.6 million, compared to $5.6 million for the prior-year period, an 88% increase.

• Net income was $1.1 million for the fourth quarter, compared to net income of $13.6 million in the prior-year period.

o Change in net income primarily reflects lower net unrealized gains on the Company’s investments compared with the prior year period.

• Adjusted EBITDA for the fourth quarter was $0.3 million compared to $1.5 million in the prior-year period.

• During the fourth qua

EX-99.1

2 geg-ex99_1.htm

EX-99.1

EX-99.1

Exhibit 99.1

GREAT ELM GROUP REPORTS FISCAL 2026 THIRD QUARTER

FINANCIAL RESULTS

– Unrealized Loss of $9.8 Million on GEG’s Investments in the Quarter, Driven Primarily by GECC Share Price Volatility1 –

– Fee-Paying AUM and AUM Totaled $528 Million and $744 Million, Respectively, as of

March 31, 2026 –

– Total Revenue Increased 7% from the Prior-Year Period –

– Monomoy BTS Begins Development of Fourth Build-to-Suit Property –

– Strong, Liquid Balance Sheet with Over $45 Million of Cash and Equivalents Positions Company to Drive Continued Growth –

–Repurchased Approximately 1.4 Million Shares, Over 4% of Shares Outstanding –

– Board Approved a $15 Million Increase to GEG’s Stock Repurchase Program, Bringing Total Authorization to $40 Million –

Company to Host Conference Call at 8:30 a.m. ET on May 7, 2026

PALM BEACH GARDENS, Florida, May 6, 2026 – Great Elm Group, Inc. (“we,” “our,” “GEG,” “Great Elm,” or “the Company”), (NASDAQ: GEG), an alternative asset manager, today announced financial results for its fiscal third quarter ended March 31, 2026.

Management Commentary

Jason Reese, Chief Executive Officer of the Company stated, “We navigated a challenging fiscal third quarter against a backdrop of continued volatility and market negativity towards private credit. Results were primarily impacted by unrealized losses tied to movements in GECC’s share price. Nevertheless, we remain focused on prudent capital deployment and building momentum across our alternative asset management platform.

At GECC, we took decisive actions to strengthen the balance sheet and enhance portfolio quality. Our focus remains on rigorous credit underwriting, increasing portfolio diversification, and adding cash-generative, secured credit investments. GECC maintains ample liquidity and is positioned for an improved trajectory and long-term performance.

Within our real estate platform, Monomoy continues to drive growth and value creation. The business delivered strong operational execution during the quarter, supported by robust acquisition activity, an expanding development pipeline, and continued progress on strategic capital initiatives. Monomoy REIT closed five acquisitions during the quarter, surpassing total acquisition activity for all of calendar 2025, and continues to action a strong pipeline of attractive opportunities. We are actively exploring additional capital raising opportunities to grow the business.

We also continue to source unique investments through our proprietary network. Our CoreWeave-related investment continues to perform well, with cumulative distributions exceeding our initial investment and meaningful upside potential remaining at current trading levels.

Finally, we repurchased a significant amount of our common stock for the tenth consecutive quarter, underscoring our conviction in the business and our commitment to building shareholder value. Under our recently expanded stock repurchase program, approximately $25 million of capacity remains available. Looking ahead, we are focused on selectively deploying capital into compelling opportunities, growing assets under management and fee-related earnings, and delivering sustained long-term value for our shareholders.”

Fiscal Third Quarter 2026 and Recent Highlights

• GEG’s fee-paying assets under management (“FPAUM”) and assets under management (“AUM”) totaled approximately $528 million and $744 million, respectively.

o FPAUM and AUM decreased by 7% and 3%, respectively, compared to the prior-year period.

• Total revenue for the third quarter was $3.4 million, compared to $3.2 million for the prior-year period, a 7% increase.

• Net loss was $(13.5) million for the third quarter, compared to net loss of $(4.5) million in the prior-year period.

o Increase in net loss primarily driven by unrealized losses associated with the Company’s investments in GECC common stock and SPVs related to GECC common stock.

• Adjusted EBITDA for the third quarter was $(1.6) million compared to $0.5 million in the prior-year period.

• As of March 31, 2026, GEG had approximately $45.5 million of cash and cash equivalents on its balance sheet to support growth initiatives across its alternative asset management platform.

• GEG repurchased approximately 1.4 million shares in the third quarter, or over 4% of shares outstanding, at an average price of $2.04 per share.

o Through May 4, 2026, Great Elm has repurchased approximately 7.8 million shares at an average price of $2.00 per share, equating to $15.6 million since the initiation of the stock repurchase program, leaving approximately $24.4 million of remaining capacity under the program for future repurchases.

GEG Business Highlights

Alternative Credit

• GECC’s Board of Directors appointed Jason Reese as Chief Executive Officer on May 4, 2026, following Mr. Reese’s appointment as Executive Chairman on March 2, 2026, to provide seasoned credit investment experie

EX-99.1

2 geg-ex99_1.htm

EX-99.1

EX-99.1

Exhibit 99.1

GREAT ELM GROUP REPORTS FISCAL 2026 SECOND QUARTER

FINANCIAL RESULTS

– Fee-Paying AUM1 Grew 4% Year-Over-Year as of December 31, 2025 –

– Significant Unrealized Loss of $14.4 million and Realized Gain of $2.3 million on GEG’s Investments in the Quarter2 –

– Monomoy BTS Substantially Completes Third Build-to-Suit Development Property –

– Repurchased Approximately 1.1 Million Shares, or Over 3% of Shares Outstanding –

Company to Host Conference Call at 8:30 a.m. ET on February 5, 2026

PALM BEACH GARDENS, Florida, February 4, 2026 – Great Elm Group, Inc. (“we,” “our,” “GEG,” “Great Elm,” or “the Company”), (NASDAQ: GEG), an alternative asset manager, today announced financial results for its fiscal second quarter ended December 31, 2025.

Management Commentary

Jason Reese, Chief Executive Officer of the Company stated, “We continued to build momentum across our alternative asset management platform despite market headwinds during the quarter. While heightened volatility drove significant unrealized losses in our core portfolio investments and weighed on reported results, we remain focused on disciplined execution.

Against a challenging market backdrop for the BDC, GECC management took actions in the portfolio to position the platform for success, re-underwriting the entire portfolio and working deliberately to further diversify investments as well as optimizing the portfolio to improve overall credit quality. With significant liquidity, a healthy balance sheet, and a lower cost of capital, we believe GECC remains well-positioned to rebuild in calendar 2026.

During the quarter, we completed our third Monomoy build-to-suit project in Florida and commenced active marketing of the property. In addition, we repurchased more than one million shares of our common stock since the end of the first quarter of fiscal 2026, underscoring our confidence in the business and our commitment to shareholder value.

Our CoreWeave-related investment continues to represent a compelling success despite significant market volatility during the quarter that contributed to our unrealized losses. We have received distributions on this investment to date well in excess of GEG’s original investment, and we continue to believe there is meaningful upside potential based on current trading levels. Looking ahead, we are focused on leveraging our balance sheet to find new investments as we grow our assets under management and fee revenue, and deliver sustained, long-term value for our shareholders.”

Fiscal Second Quarter 2026 and Recent Highlights

• GEG’s fee-paying assets under management (“FPAUM”) and assets under management (“AUM”) totaled approximately $561 million and $740 million, respectively.1

o FPAUM increase of 4% and AUM reduction of 2%, respectively, compared to the prior-year period.

• Total revenue for the second quarter was $3.0 million, compared to $3.5 million for the prior-year period.

• Net loss was $(16.5) million for the second quarter, compared to net income of $1.4 million in the prior-year period.

o Decrease in net income primarily driven by $14.4 million in unrealized loss and $2.3 million in realized gain2 from GEG’s investments, consisting largely of unrealized losses relating to the Company’s investments in Great Elm Capital Corp. (NASDAQ: GECC) common stock, special purpose vehicles (“SPVs”) related to GECC common stock, and a CoreWeave-related investment.

o This compares to net unrealized gain on the Company’s investments in the prior-year period of $2.4 million3.

• GEG recognized a realized gain of $2.2 million from its CoreWeave-related investment for the second quarter ended December 31, 2025.

o To date, GEG has received distributions of $5.8 million in connection with its CoreWeave-related investment, well in excess of its $5 million original capital investment.

• Adjusted EBITDA for the second quarter was $(1.6) million, compared to $1.0 million in the prior-year period.

• As of December 31, 2025, GEG had approximately $51.2 million of cash and cash equivalents on its balance sheet to support growth initiatives across its alternative asset management platform.

• GEG repurchased approximately 1.1 million shares in the second quarter, or over 3% of shares outstanding, at an average price of $2.47 per share.

o Through February 3, 2026, Great Elm repurchased approximately 6.4 million shares at an average price of $1.99 per share, equating to $12.7 million since the initiation of the stock repurchase program.

GEG Business Highlights

Alternative Credit

• GEG received management fees from GECC of $1.2 million for the fiscal second quarter ended December 31, 2025.

• GECC paid $1.48 per share of dividends to shareholders for its year ended December 31, 2025.

• GECC’s investment team undertook targeted portfolio reviews and credit optimization initiatives during the quarter, positioning the platform with a solid foundation as it enters