Ares Management Corporation reported significant financial growth in its latest quarterly results, with total revenues reaching $1.66 billion for the three months ended September 30, 2025, a 47% increase from $1.13 billion in the same period last year. For the nine months ending September 30, 2025, revenues surged to $4.10 billion, up 56% from $2.63 billion in 2024. The company attributed this growth to higher management fees, carried interest allocations, and increased performance fees, particularly following the acquisition of GCP International, which enhanced its real estate and digital infrastructure capabilities.
The company’s net income for the third quarter was $540.4 million, a 93% increase compared to $280.7 million in the prior year. For the nine-month period, net income rose 17% to $889.9 million from $760.7 million. Notably, net income attributable to Ares Management Corporation Class A and non-voting common stockholders was $263.6 million for the third quarter, reflecting a 122% increase from $118.5 million in the same quarter of 2024. The increase in profitability was driven by a combination of higher revenues and effective cost management, despite total expenses rising to $1.31 billion, up 53% year-over-year.
Ares Management's operational metrics showed a notable increase in assets under management (AUM), which reached $595.7 billion as of September 30, 2025, compared to $463.8 billion a year earlier. The growth in AUM was supported by net new commitments and the performance of existing funds. The company also reported a 33% increase in full-time equivalent headcount, which rose to 3,891 professionals, reflecting its expansion efforts, particularly following the GCP acquisition.
Strategically, Ares Management completed the acquisition of GCP International on March 1, 2025, for approximately $3.9 billion, which included cash, equity, and contingent consideration. This acquisition is expected to enhance Ares' capabilities in real estate and digital infrastructure, contributing to future revenue growth. The company also noted that various components of the acquisition's purchase price would be accounted for as compensation, impacting future financial results.
Looking ahead, Ares Management expressed optimism about its growth trajectory, citing a stable base of committed capital and a diversified investment strategy that positions the company well to navigate market volatility. The company anticipates continued growth in management fees and performance-related revenues, particularly from its perpetual capital vehicles and long-dated funds, which accounted for 94% of management fees in the latest quarter.
About Ares Management Corp
Ares Management Corporation is a global alternative investment manager with $484.4 billion in assets under management. The company specializes in credit, real assets, private equity, and secondaries, serving a diverse investor base of institutional and retail clients. Ares focuses on delivering strong risk-adjusted returns through a disciplined investment approach and innovative strategies. Recent initiatives include expanding product offerings and enhancing distribution channels, alongside a commitment to responsible investment practices.
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