Amg Capital Trust II (AATRL) Q2 2025 Earnings Report

Amg Capital Trust II reported QQ2 2025 with a highly unusual earnings mix. Revenue totaled -$496.6 million, while total other income and related gains contributed to a positive income before tax of $171.6 million and net income of $162.7 million. EBITDA was $152.1 million, and the company posted basic earnings per share of $2.95 (diluted $2.81) on weighted average shares of about 28.9 million. The standout driver of profitability was total other income of $257.1 million, which more than offset the operating loss of $85.5 million. Despite the positive bottom-line, operating cash flow per share was negative at -$7.23 and free cash flow per share was -$7.28, underscoring a meaningful divergence between reported earnings and cash generation.