Supplemental Information Fourth Quarter and Full Year 2025 The GEO Group, Inc.'s ("GEO") Unaudited Reconciliation Tables and Supplemental Disclosure presented herein speak only as of the date or period indicated, and GEO does not undertake any obligation, and disclaims any duty to update any of this information, except as required by law. GEO's future financial performance is subject to various risks and uncertainties that could cause actual results to differ materially from expectations. The factors that c ...

Geo Group (GEO) came out with quarterly earnings of $0.25 per share, in line with the Zacks Consensus Estimate . This compares to earnings of $0.13 per share a year ago. These figures are adjusted for non-recurring items. A quarter ago, it was expected that this private prison operator would post earnings of $0.22 per share when it actually produced earnings of $0.25, delivering a surprise of +13.64%.Over the last four quarters, the company has surpassed consensus EPS estimates two times.Geo Group, which be ...

Financial Performance - For Q4 2025, GEO reported net income of $31.8 million, or $0.23 per diluted share, compared to $15.5 million, or $0.11 per diluted share in Q4 2024, reflecting a 104% increase in net income year-over-year [5]. - Total revenues for Q4 2025 were $707.7 million, up from $607.7 million in Q4 2024, representing a 16.4% increase [6]. - Adjusted EBITDA for Q4 2025 was $126.0 million, compared to $108.0 million in Q4 2024, indicating a 16.7% growth [6]. - For the full year 2025, GEO reported net income of $254.4 million, or $1.82 per diluted share, compared to $32.0 million, or $0.22 per diluted share in 2024, marking a significant increase of 692% [12]. - Total revenues for the full year 2025 reached $2.63 billion, up from $2.42 billion in 2024, a growth of 8.6% [13]. - Adjusted EBITDA for the full year 2025 was $464.4 million, slightly up from $463.5 million in 2024 [13]. - Operating income for Q4 2025 was $83.8 million, compared to $67.9 million in Q4 2024, reflecting a 23.4% increase [48]. - Q4 2025 net income increased to $31,768,000 from $15,511,000 in Q4 2024, representing a growth of 104.5% [50]. - Adjusted EBITDA for FY 2025 reached $464,418,000, slightly up from $463,489,000 in FY 2024 [50]. Future Projections - The company expects full year 2026 GAAP Net Income to be in the range of $0.99 to $1.07 per diluted share on revenues of $2.9 billion to $3.1 billion [23]. - The company projects FY 2026 adjusted EBITDA between $490,000,000 and $510,000,000 [53]. - Net income attributable to GEO Operations for FY 2026 is expected to be between $132,500,000 and $145,500,000 [53]. - The weighted average common shares outstanding (diluted) for FY 2026 is projected to be between 134,000 and 136,000 [53]. - Capital expenditures for FY 2026 are estimated to be between $120,000,000 and $155,000,000, with growth-related spending of $10,000,000 to $25,000,000 [53]. - Total debt, net, is projected to be $1,500,000,000 for FY 2026 [53]. - Adjusted net income per diluted share for FY 2026 is expected to be between $0.99 and $1.07 [53]. Business Development - GEO entered into new contracts expected to generate approximately $520 million in annualized revenues, marking the most successful year for new business wins in the company's history [7]. - The anticipated timing and annualized revenues related to the activation of certain facilities and new contracts are part of the company's growth strategy [44]. - GEO plans to capture growth opportunities with 6,000 available high-security idle beds and expand services in electronic monitoring and secure transportation segments [10]. Financial Position - As of year-end 2025, GEO had approximately $70 million in cash and $1.65 billion in total debt, with a current net debt balance improved to approximately $1.5 billion [28]. - Total assets as of December 31, 2025, were $3.84 billion, an increase from $3.63 billion as of December 31, 2024 [46]. - The company reported a total current asset increase to $718.5 million from $500.2 million year-over-year [46]. - Net debt is defined as gross principal debt less cash from restricted subsidiaries, with net leverage calculated as net debt divided by adjusted EBITDA [38]. Shareholder Value - The company has authorized a $500 million share repurchase program to enhance shareholder value [44]. - The company reported a significant reduction in interest expense, decreasing from $268,474,000 in FY 2024 to $159,891,000 in FY 2025 [50]. - Adjusted EBITDA is expected to be provided for completed annual and quarterly periods, with management unable to predict all necessary components for forward-looking non-GAAP measures [36]. - Non-cash stock-based compensation for FY 2026 is projected at $24,500,000 [53].

BOCA RATON, Fla.--(BUSINESS WIRE)--The GEO Group, Inc. (NYSE: GEO) ("GEO†, "we†or the "Company†), a leading provider of contracted support services for secure facilities, processing centers, and reentry centers, as well as enhanced in-custody rehabilitation, post-release support, and electronic monitoring programs, reported its financial results for the fourth quarter and full year 2025 and issued its initial financial guidance for 2026. Fourth Quarter 2025 Highlights Total revenues of $707.7. ...

Core Insights - Metalla Royalty & Streaming Ltd. announced preliminary results for 2025, expecting record revenues of $11.7 million, a 99% increase from $5.9 million in 2024 [1] - The company anticipates receiving payments on 3,436 attributable Gold Equivalent Ounces (GEOs), a 38% increase from 2,481 GEOs in 2024 [1] - The company plans to release its 2026 guidance on March 26, 2026, alongside its audited financial statements [1] Preliminary 2025 Results - Record revenue from royalty and stream interests is projected at $11.7 million, up 99% from 2024 [1] - Expected payments on 3,436 GEOs represent a 38% increase compared to 2024 [1] - The company faced ramp-up delays and a safety incident affecting GEOs at Endeavor Mine and Wharf Mine [1] Asset Updates - **Tower Mountain**: Inaugural Indicated Mineral Resource estimate of 514 Koz with 34.5Mt averaging 0.46 g/t gold; Inferred Mineral Resource of 3.05 Moz with 221.1Mt averaging 0.45 g/t gold, with a Scoping Study expected in 2027 [2] - **15-Mile**: Prefeasibility Study outlines an average production profile of 103 Koz gold over 11 years [2] - **Del Toro**: Acquisition by Sierra Madre announced, with plans to restart operations in mid-2027 [2] - **Gurupi**: $21 million resource expansion budget for 2026; preliminary economic assessment targeted for H2 2026 [1][2] - **Wharf**: Reports of a fire at the Wharf mine crushing facility, with all workers accounted for [1][2] - **Taca Taca**: Key milestones expected in H1 2026, including environmental and social impact assessment approvals [1][2] - **Castle Mountain**: Phase 2 Permitting Record of Decision expected in December 2026 [1] Corporate Updates - Metalla awarded 247,375 restricted share units and 475,700 stock options to directors, officers, and employees [2] - The company retained Sideways Frequency LLC for marketing services at a rate of $150,000 per month for an initial three-month term [3]

Core Insights - Allianz Asset Management GmbH reduced its stake in Geo Group Inc by 6.4% in Q3, now holding 1,190,080 shares valued at approximately $24.39 million [2] - Institutional ownership of Geo Group is significant, with 76.10% of the stock held by institutional investors and hedge funds [3] Institutional Investment Activity - Geneos Wealth Management Inc. increased its stake by 245.1% in Q2, now owning 1,101 shares valued at $26,000 after acquiring 782 additional shares [3] - NewEdge Advisors LLC raised its holdings by 81.9% in Q1, now owning 1,864 shares valued at $54,000 after purchasing 839 shares [3] - Covestor Ltd increased its stake by 18.9% in Q3, now owning 3,887 shares valued at $80,000 after acquiring 617 shares [3] - Militia Capital Partners LP lifted its stake by 122.6% in Q2, now owning 6,900 shares valued at $165,000 after purchasing 3,800 shares [3] - Dynamic Technology Lab Private Ltd established a new position worth about $202,000 in Q2 [3] Analyst Ratings - Wall Street Zen upgraded Geo Group from "hold" to "buy" [4] - Weiss Ratings maintained a "hold (c)" rating [4] - Zacks Research upgraded from "strong sell" to "hold" [4] - Jones Trading reduced the price target from $50.00 to $37.00 while maintaining a "buy" rating [4] - The stock has a consensus rating of "Moderate Buy" with a price target of $35.00 [4] Financial Performance - Geo Group reported Q3 earnings of $0.25 EPS, exceeding estimates of $0.22 by $0.03 [6] - Revenue for the quarter was $682.34 million, surpassing estimates of $665.81 million, reflecting a year-over-year increase of 13.1% [6] - The company had a return on equity of 7.42% and a net margin of 9.41% [6] Company Overview - Geo Group is a leading provider of correctional, detention, and community reentry services to government agencies globally [7] - The company operates as a real estate investment trust, focusing on secure facilities for various offender categories and offering integrated services aimed at reducing recidivism [7][8]

Core Viewpoint - The stock performance of the two largest private prison operators in the U.S., GEO Group and CoreCivic, has significantly declined from their record highs following Trump's election, despite initial expectations of benefiting from increased funding for immigration detention [1] Group 1: Company Performance - GEO Group and CoreCivic's stock prices have dropped substantially from their peak, with expectations of at least the largest weekly decline since November of the previous year [1] - Both companies were anticipated to benefit from the Trump administration's commitment to detain millions of undocumented immigrants, supported by hundreds of billions in funding from Republican tax and spending legislation [1] - The actual increase in detainee numbers has been slower than expected, despite high-profile enforcement actions [1][3] Group 2: Financial Outlook - GEO Group is set to report its Q4 earnings on February 12, while CoreCivic will follow on February 13, with investors expecting at least a 7% volatility in stock prices due to uncertainties regarding federal funding [1] - Approximately 60% of GEO Group's projected $2.4 billion revenue for 2024 comes from government contracts, while about half of CoreCivic's nearly $2 billion revenue is similarly derived [2] - Both companies faced market penalties for lowering their 2025 profit forecasts during their last earnings reports, with CoreCivic attributing its outlook downgrade to startup costs related to new contracts with ICE [2] Group 3: Industry Challenges - The public perception of government enforcement actions is under pressure, particularly following incidents involving ICE that have led to widespread condemnation and potential funding cuts [2] - Legislative changes have allocated $45 billion over four years to expand U.S. detention capacity, with expectations of a significant increase in contract volumes for both companies [3] - The anticipated increase in immigration detention capacity to at least 100,000 beds has not materialized as quickly as expected, with the number of detainees rising from 40,000 to 73,000 recently [3] Group 4: Analyst Perspectives - Analysts from Texas Capital Bank and Noble Capital Markets suggest that both companies may outperform the market this year, with no "hold" or "sell" ratings currently assigned to either stock [4] - The growth in revenue is expected to be driven by contracts signed for 2025, which should positively impact both companies' income and EBITDA [4]

The GEO Group, Inc. (NYSE:GEO) is one of the 10 most undervalued industrial stocks to buy according to analysts. According to a report released on December 23, Noble Financial kept its Buy rating on the stock. Analyst Joe Gomes maintained a price target of $35 for the shares, offering a huge upside of 92% from current levels. Schrödinger, Inc. (SDGR): Among Top Stocks in Bill Gates’ Portfolio with Huge Upside Potential A day before the above rating, the company announced that it had secured a contract wi ...

Core Viewpoint - Fortuna Mining Corp. achieved its annual production guidance for 2025, producing 317,001 gold equivalent ounces (GEO) across its three operating mines in Latin America and West Africa, despite a decrease in fourth-quarter production due to mechanical downtime at the Lindero mine [1][6]. Fourth Quarter 2025 Highlights - GEO production for Q4 2025 was 65,130, down from 72,462 in Q3 2025 and 75,562 in Q4 2024, primarily due to mechanical downtime at Lindero [2][6]. - Lindero's production was impacted by a failure of the primary crusher and HPGR, leading to a 21% decrease in gold production compared to the previous quarter [15][16]. Full Year 2025 Highlights - Total GEO production from ongoing operations was 279,207, a decrease from 292,169 GEO in 2024, attributed to rising gold prices affecting the gold-to-base-metal ratios [6]. - Séguéla mine achieved record gold production of 152,426 ounces, exceeding the upper end of its annual guidance by 4% [11][6]. - The company streamlined its portfolio by divesting short reserve-life assets, including the San Jose and Yaramoko mines [6]. 2026 Outlook Highlights - The company aims for GEO production between 281,000 and 305,000, representing a projected increase of 1% to 9% compared to 2025 [6][28]. - Cash costs are expected to range from $895 to $1,000 per GEO, with all-in sustaining costs (AISC) projected between $1,830 and $1,975 per GEO [6][29]. - Key growth projects include advancing the Diamba Sud Gold Project and expanding the Séguéla processing plant [6][26]. Regional Performance Séguéla Mine, Côte d'Ivoire - Séguéla produced 36,942 ounces of gold in Q4 2025, with a gold grade of 3.16 g/t and a recovery rate of 92.1% [8][9]. - The mine's production was impacted by downtime due to maintenance but still achieved record annual production [11][7]. Lindero Mine, Argentina - Lindero produced 19,201 ounces of gold in Q4 2025, a 21% decrease from Q3 2025, due to mechanical issues [15][17]. - The mine's total production for 2025 was 87,489 ounces, falling short of annual guidance [17]. Caylloma Mine, Peru - Caylloma produced 39,292 GEO in 2025, with strong operational performance in base metal production exceeding guidance [20][24]. - The mine processed 555,649 tonnes of ore in 2025, maintaining consistent production levels [19][22]. Financial Position - As of December 31, 2025, the company had an estimated liquidity of $704 million and a net cash position of $382 million, supporting planned investments in project development and expansion [27].

Core Insights - GEO Group is a prominent provider of secure facility management and community reentry services, utilizing an integrated approach to meet the needs of government clients seeking comprehensive correctional solutions [1] Financial Performance - As of the latest report, GEO shares were priced at $16.31, reflecting a 42% decline over the past year, significantly underperforming the S&P 500, which increased by approximately 15% during the same period [2] - The latest quarter showed a reported net income of $173.9 million and earnings of $1.24 per diluted share, a substantial increase from $26.3 million and $0.19 per share, respectively; however, much of this increase was attributed to a $232 million pre-tax gain on asset divestitures, leading to an adjusted net income of $0.25 per share [3] - Third-quarter revenue rose to $682.3 million, up from $603.1 million, with adjusted EBITDA remaining stable at $120.1 million [4] Strategic Moves - Management has increased its share repurchase authorization to $500 million while continuing to reduce leverage on the balance sheet [4] - GEO Group has secured over $460 million in newly awarded annualized contract revenue expected to normalize in 2026, primarily related to ICE facilities and electronic monitoring services [4] Market Position and Risks - The company operates in a politically sensitive and contract-dependent environment, with earnings subject to fluctuations based on asset sales, litigation reserves, and policy changes [5] - A significant fund reduced its stake in GEO Group, selling 927,016 shares during the third quarter, which indicates a strategic risk management approach rather than panic [2][5]