Ares Sports, Media & Entertainment Opportunities LP

For the fiscal first quarter ended December 31, 2025, the company reported a strong financial performance, primarily driven by investment activities. Total investment income reached $8.5 million, consisting of $5.0 million in interest and $3.6 million in dividends. After accounting for total expenses of $5.0 million and significant fee waivers of $1.7 million, net investment income stood at $6.1 million. The firm realized net gains of $4.3 million from investments and derivative contracts, culminating in a net increase in net assets from operations of $10.4 million. The balance sheet reflects a robust liquidity position with total assets of $655.5 million and net assets of $589.6 million. The company reported a Net Asset Value (NAV) per unit of $25.00 across all share classes. Cash flow from financing activities provided $206.4 million, offsetting the $220.5 million used in operating activities, largely due to substantial investment purchases of $235.4 million during the period.

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