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Mar 31
Icahn Enterprises Q1 2025 Earnings Report
Icahn Enterprises reported its financial results for the first quarter of 2025, showing a net loss and a decrease in indicative net asset value.
Key Takeaways
Icahn Enterprises reported a net loss of $422 million for Q1 2025, compared to a loss of $38 million in Q1 2024. Adjusted EBITDA loss was $287 million, a significant increase from the $134 million loss in the prior year. The indicative net asset value decreased by $336 million from December 31, 2024, primarily due to losses in the Investment segment.
Q1 2025 net loss attributable to IEP was $422 million, a substantial increase from the $38 million loss in Q1 2024.
Adjusted EBITDA loss attributable to IEP was $287 million in Q1 2025, compared to a loss of $134 million in Q1 2024.
Indicative Net Asset Value was approximately $3.0 billion as of March 31, 2025, a decrease of $336 million from December 31, 2024.
IEP declared a first quarter distribution of $0.50 per depositary unit.
Icahn Enterprises
Icahn Enterprises
Forward Guidance
The company's forward-looking statements indicate potential volatility and uncertainties across its diverse business segments, including economic downturns, market competition, and geopolitical conflicts. Future performance is subject to various risks, and past performance is not indicative of future results.
Positive Outlook
- The company continues to operate diversified businesses across various sectors.
- Management uses non-GAAP financial measures to provide supplemental information on performance.
- The company aims to evaluate core operating performance without regard to certain non-operational charges.
- The company believes its financial measures are useful for investors and management in assessing operating results and planning.
- The company provides an indicative net asset value as an additional method for considering asset value.
Challenges Ahead
- Actual events, results, and outcomes may differ materially from expectations due to various risks and uncertainties.
- Economic downturns, substantial competition, and rising operating costs pose significant challenges.
- Geopolitical conflicts, such as the Russia/Ukraine conflict and Middle East conflict, introduce economic volatility and export control impacts.
- Risks related to investment activities include leverage use, fair value declines, and loss of key employees.
- The company's subsidiaries may not be able to make distributions, and intercompany transfers may be restricted by law or debt covenants.