Ares Management Expects Lower Q1 2026 Realized Net Performance Income

Summary

Ares Management Corporation (the 'Company') is furnishing this Current Report on Form 8-K to disclose that, based on information currently available, it preliminarily expects realized net performance income for the quarter ending March 31, 2026 to be approximately $75 million, compared to $41 million in realized net performance income for the quarter ended March 31, 2025. This preliminary expected amount is below the Company's previously communicated expectation of approximately $100 million in realized net performance income for the quarter ending March 31, 2026, primarily due to the expected timing of realized net performance income generated by certain European-style funds, which is now expected to be realized in future quarters during the full year ending December 31, 2026. The Company continues to expect to generate over $350 million in realized net performance income for the full year ending December 31, 2026, compared to $169 million in realized net performance income for the full year ended December 31, 2025.