Ares Q2 GAAP net income $137.1M; fee-related earnings $409.1M; AUM up 24% YoY

Ares Management Corp

GAAP net income $137.1M ($0.46 diluted EPS); after-tax realized income $367.9M ($1.03/share).
Fee related earnings $409.1M for Q2 2025.
AUM grew 24%+ YoY; gross fundraising near record; available capital >$150B.
GCP International acquisition on track; expected synergies greater than originally forecast.
Quarterly common dividend declared $1.12/share, payable Sep 30, 2025; record Sep 16.

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