Woodbridge Liquidation Trust Reports Financial Results with $43.2M Net Asset Value

Woodbridge Liquidation Trust reported its financial results for the three and nine months ended March 31, 2025, revealing a total net asset value in liquidation of $43.2 million, an increase from $39.9 million as of June 30, 2024. The Trust's cash, cash equivalents, and short-term investments rose to $60.7 million from $56 million in the previous fiscal period. However, the Trust's liabilities decreased significantly from $23.5 million to $20.6 million, primarily due to a reduction in accrued liquidation costs, which fell from $22.7 million to $19.9 million.

In terms of operational changes, the Trust has completed its activities related to the liquidation of Forfeited Assets, which had previously been a significant component of its operations. The Trust recorded approximately $3.65 million from the settlement of various Causes of Action during the nine months ended March 31, 2025, compared to $37.8 million in the same period the previous year. This decline reflects the Trust's ongoing transition as it nears the completion of its liquidation activities, with expectations to finalize these by the end of the fiscal year 2026.

The Trust's financial performance also indicated a reversal of distributions payable, with a net decrease of approximately $4.15 million related to disallowed claims during the nine months ended March 31, 2025. This contrasts with the previous fiscal period, where distributions were more robust, reflecting the Trust's efforts to resolve outstanding claims and liabilities. The number of Liquidation Trust Interests remained stable, with 11,515,807 Class A Interests and 675,951 Class B Interests outstanding as of March 31, 2025.

Looking ahead, the Trust's management has indicated that while it expects to continue funding its operations through its current cash reserves and potential recoveries from ongoing litigation, uncertainties remain regarding the construction defect claim against the Development Entity. The Trust has suspended additional distributions to Interestholders pending the resolution of this claim, which could impact future cash flows and distributions. The Trust's ability to meet its financial obligations will depend on the outcomes of these legal proceedings and the overall liquidation process.