Ares Management Corporation (NYSE:ARES) today reported its financial results for its second quarter ended June 30, 2025.

GAAP net income attributable to Ares Management Corporation was $137.1 million for the quarter ended June 30, 2025. On a basic and diluted basis, net income attributable to Ares Management Corporation per share of Class A and non-voting common stock was $0.46 for the quarter ended June 30, 2025.

After-tax realized income was $367.9 million for the quarter ended June 30, 2025. After-tax realized income per share of Class A common stock was $1.03 for the quarter ended June 30, 2025. Fee related earnings were $409.1 million for the quarter ended June 30, 2025.

“We generated strong second quarter results, growing AUM, fee paying AUM and management fees by 24% or more year over year,” said Michael Arougheti, Chief Executive Officer of Ares. “Our AUM benefited from our second highest level of quarterly gross fundraising coupled with record quarterly market appreciation driven by strong investment performance across our major strategies. With our diversified suite of funds and products seeing strong investor interest across our institutional, wealth and insurance channels, we believe we are on pace to meet or exceed our previous annual record for fundraising.”

“Our second quarter includes the first full quarter of financials from the GCP International acquisition, and we believe we are on track to meet our financial goals for this business, including greater than originally expected synergies that will be gradually realized over time,” said Jarrod Phillips, Chief Financial Officer of Ares. “With an improving transaction environment and a record amount of available capital at more than $150 billion, we believe we are well positioned to generate meaningful future earnings growth.”

Common Stock Dividend

Ares declared a quarterly dividend of $1.12 per share of its Class A and non-voting common stock, payable on September 30, 2025 to its Class A and non-voting common stockholders of record at the close of business on September 16, 2025.

Preferred Stock Dividend

Ares declared a quarterly dividend of $0.84375 per share of its 6.75% Series B mandatory convertible preferred stock, payable on October 1, 2025 to its preferred stockholders of record at the close of business on September 15, 2025.

Dividend Reinvestment Program

Ares has a Dividend Reinvestment Program for its Class A common stockholders that will be effective for the quarterly dividend on September 30, 2025. Equiniti Trust Company is engaged to administer the plan on behalf of Ares.

Additional Information

Ares issued a full detailed presentation of its second quarter 2025 results, which can be viewed at www.aresmgmt.com on the Investor Resources section of our home page under Events and Presentations. The presentation is titled “Second Quarter 2025 Earnings Presentation.”

About Ares Management Corporation

Ares Management Corporation (NYSE: ARES) is a leading global alternative investment manager offering clients complementary primary and secondary investment solutions across the credit, real estate, private equity and infrastructure asset classes. We seek to advance our stakeholders’ long-term goals by providing flexible capital that supports businesses and creates value for our investors and within our communities. By collaborating across our investment groups, we aim to generate consistent and attractive investment returns throughout market cycles. As of June 30, 2025, Ares Management Corporation's global platform had over $572 billion of assets under management, with operations across North America, South America, Europe, Asia Pacific and the Middle East. For more information, please visit www.aresmgmt.com.