Annaly Capital Management, Inc.

Annaly Capital Management, Inc. reported strong financial results for fiscal year 2025, with net income attributable to the company of $2.03 billion and comprehensive income attributable to common stockholders of $2.40 billion. Key profit drivers included net interest income of $1.14 billion, net servicing income of $519.3 million, and total other income of $589.6 million, which was bolstered by net gains on investments of $1.75 billion, partially offset by net losses on derivatives of -$1.21 billion. The company generated $692.9 million in operating cash flow, while investing activities used $27.36 billion primarily for purchases of securities and loans, and financing activities provided $27.22 billion mainly from repurchase agreements and securitized debt issuances. The balance sheet shows total assets of $135.61 billion, with significant holdings in securities ($91.29 billion) and assets transferred to securitization vehicles ($32.07 billion), supported by total liabilities of $119.45 billion and total equity of $16.16 billion.

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