The filing highlights the company's strategic simplification efforts, including the exit from its international real estate business, which has allowed for a more focused approach on global wealth and institutional investment management. This move is expected to enhance transparency and operational efficiency.
AlTi Global's operational discipline is evident in its adoption of a zero-based budgeting process, which has identified approximately $20 million in recurring annual gross savings. The company anticipates that the majority of these savings will be realized by the end of 2026. Adjusted EBITDA for the year grew by 45% to $35 million, driven by net incentive-fee contributions, with adjusted EBITDA margins reported at 14% for the year.
Despite these positive results, the company did report a GAAP net loss of $155 million, largely due to non-cash and non-recurring items, including a significant impairment in the Arbitrage fund. The company remains committed to its strategy of delivering exceptional wealth management solutions to ultra-high-net-worth clients, with a client retention rate of 96% since 2021.
Looking ahead, AlTi Global is optimistic about its growth trajectory, supported by a strong pipeline of M&A opportunities and ongoing initiatives for margin expansion. The leadership team, with deep industry expertise, is focused on leveraging the company's global footprint to capitalize on emerging market trends and client needs.
