Apollo Global Management said Asset Management management fees for Q2 2025 increased to $583 million, up $121 million, while investment income decreased to $189 million, down $89 million.

1. 01

   Apollo Global Management said Asset Management management fees for Q2 2025 increased to $583 million, up $121 million, while investment income decreased to $189 million, down $89 million.

2. 02

   The company said Retirement Services revenues for Q2 2025 increased to $5.7 billion, up $743 million, and net investment income increased to $4.8 billion, up $972 million. It cited growth in Athene's investment portfolio as a factor.

3. 03

   Apollo Global Management said Other income (loss) for Q2 2025 was a loss of $251 million and cited an impairment loss on an equity investment triggered by the initial public offering of the equity security as a factor. The effective tax rate for the same quarter was 0.4%, compared to 18.2% for the same quarter in 2024.

4. 04

   The company said unrestricted cash and cash equivalents as of June 30, 2025 were $12.7 billion, and available funds under the AGM credit facility, AHL credit facility and AHL liquidity facility were $5.1 billion.

Key figures

Quarter ended June 30, 2025

Revenue

$6.8B

Net income

$630M

EPS

$0.99

Analysis scope · Management's discussion (MD&A)We analyzed excerpts of the Management's Discussion and Analysis (MD&A) section (with omissions). Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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