From GlobeNewswire: 2025-03-10 15:57:00

Alaris Equity Partners Income Trust announced its results for the three months and year ended December 31, 2024. The Trust invested $139 million in new capital during 2024 and an additional $118 million after year-end. Total invested capital reached approximately $249 million, with $160 million in new Partners and $89 million in existing Partners. Q4 2024 saw $46.9 million in Partner Distribution revenue, totaling $194.2 million for the year, up 12% and 19% respectively from the prior year.

Alaris completed a strategic recapitalization with Ohana Growth Partners, LLC, raising US$120 million from independent investors. The Trust now has over $2.2 billion in capital, including $1.5 billion invested and $700 million in AUM. The Trust realized gains of $40.1 million in Partner investments in 2024, compared to $13.5 million in 2023. Net distributable cash flow for the year was $130.4 million or $2.87 per unit, a 42% increase from 2023.

President of Alaris Equity Partners Income Trust highlighted the transformative value created for unitholders and the Trust’s strong performance. The Trust’s net book value per unit increased by 15% in 2024, reaching $24.22. With a reported 48% Actual Payout Ratio for the year, Alaris plans to strategically buy back units below their net book value.

For the three months ended December 31, 2024, Partner related changes in net gain on Corporate Investments decreased by 24.8%. Adjusted EBITDA per unit decreased by 34.5% in Q4 2024, and by 4.8% for the year. Alaris net distributable cash flow per unit increased by 86.0% in Q4 2024 and by 67.8% for the year ended December 31, 2024.

Alaris expects revenue from Partners in Q1 2025 to be approximately $42.5 million. The Trust invested in new Partners such as The Berg Demo Holdings, LLC and Professional Electric Contractors of Connecticut, Inc., totaling approximately $118 million in 2025. Run Rate Revenue for the next twelve months is estimated at $187 million. The Trust’s Run Rate Cash Flow is expected to be $44.4 million, with a Run Rate Payout Ratio between 55% and 60%.

Alaris will host a conference call on March 11, 2025, to discuss financial results and outlook. The Trust’s financial statements and MD&A are available on SEDAR and the company website. Alaris’ investment activity aims to provide structured equity to private companies to meet their business objectives, generate cash flows, and grow net book value. Non-GAAP financial measures are used in the Trust’s reporting to enhance understanding of financial performance.



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