AlTi Global, Inc.

Wealth Management-Driven Topline Expansion

FY2025 revenue growth was fueled by higher fees generated from rising year-over-year assets under management in the company's wealth management practice, with a partial contribution from the acquisition of Kontora. This performance came amid a broader operating environment supported by robust household demand, rebounding exports, and easing inventory drags across core markets.

Profitability Dynamics

Operating loss narrowed 14.9% year-over-year to -$73.9M, as topline gains partially offset elevated cost pressures. Higher compensation costs, tied to acquisition-driven benefits, acquisition-related earn-outs, new equity grants, and ongoing 2025 organizational streamlining initiatives were the primary drivers of operating expenses during the period. Net loss widened 16.2% year-over-year to -$119.7M, as operating cost increases outpaced the rate of revenue growth.

Liquidity and Capital Resource Strategy

Management assesses liquidity in terms of the company's ability to generate cash to fund operating, investing, and financing activities. The company maintains a $250.0 million credit facility entered into in January 2023 concurrent with the consummation of its business combination, to support funding needs. Leadership takes a prudent approach to liquidity planning, confirming resources are sufficient to cover foreseeable working capital requirements, contractual obligations, distribution payments, and strategic initiatives.

Internal Control Remediation Progress

While management successfully remediated material weaknesses related to risk assessments and IT controls during FY2025, a remaining material weakness related to insufficiently documented process-level controls is targeted for full remediation in 2026. The company has allocated additional resources to complete control testing and documentation efforts ahead of the loss of emerging growth company status at the end of 2026, which will require auditor attestation of internal controls. Failure to remediate the weakness on schedule could lead to increased compliance costs and investor uncertainty.