HAMILTON LANE INCORPORATED REPORTS STRONG FOURTH FISCAL QUARTER AND FISCAL YEAR 2025 RESULTS, WITH MANAGEMENT AND ADVISORY FEES GROWING BY 14% AND ASSETS UNDER MANAGEMENT GROWING BY 11% YEAR-OVER-YEAR

Rhea-AI Summary

Hamilton Lane (HLNE) reported strong financial results for FY2025. The company's assets under management grew 11% year-over-year to $138 billion, while fee-earning assets increased 10% to $72 billion. Management and advisory fees rose 14% to $513.9 million. The company achieved GAAP earnings per share of $5.41 on net income of $217.4 million. Hamilton Lane declared a quarterly dividend of $0.54 per share, with a target full-year dividend of $2.16, representing a 10% increase from the previous fiscal year. The company's unrealized carried interest balance grew 3% to $1.3 billion. As of March 31, 2025, Hamilton Lane managed $957.8 billion in total assets under management and supervision, including $138.3 billion in discretionary assets and $819.5 billion in non-discretionary assets.

Positive

• Assets under management grew 11% YoY to $138 billion
• Management and advisory fees increased 14% to $513.9 million
• 10% increase in annual dividend to $2.16 per share
• Unrealized carried interest balance up 3% to $1.3 billion
• Fee-earning assets under management rose 10% to $72 billion

Negative

• None.

Insights

Financial Analyst

Hamilton Lane reports solid FY2025 with 14% growth in fees, 11% growth in AUM, and a 10% dividend increase.

Hamilton Lane delivered robust financial performance for fiscal year 2025, with multiple metrics showing healthy growth. The company's total assets under management grew to $138 billion, representing an 11% year-over-year increase. Meanwhile, fee-earning assets increased by 10% to $72 billion, providing a solid foundation for recurring revenue.

The firm's management and advisory fees jumped 14% to $513.9 million, outpacing the growth in assets under management. This suggests either improved fee rates or a shift toward higher-fee products. The unrealized carried interest balance grew more modestly at 3% to $1.3 billion, which represents potential future revenue when investments are realized.

From a profitability perspective, Hamilton Lane generated GAAP net income of $217.4 million, translating to earnings per share of $5.41. While the release doesn't provide year-over-year comparisons for these figures, the company appears confident enough in its financial position to increase its quarterly dividend to $0.54 per share. The targeted annual dividend of $2.16 represents a 10% increase from the previous fiscal year.

Beyond discretionary assets, Hamilton Lane oversees a substantial $819.5 billion in non-discretionary assets, bringing total assets under management and supervision to $957.8 billion. This massive scale, combined with the firm's global footprint of approximately 760 professionals across multiple continents, demonstrates its significant position in the private markets investment sector.

The firm's consistent growth in fee-earning assets, coupled with the dividend increase, signals management's confidence in the company's future revenue streams and overall financial health.

CONSHOHOCKEN, Pa., May 29, 2025 /PRNewswire/ -- Leading private markets asset management firm Hamilton Lane Incorporated (Nasdaq: HLNE) today reported its results for the fourth fiscal quarter and full fiscal year ended March 31, 2025.

FISCAL YEAR 2025 HIGHLIGHTS

• Assets under management – Total assets under management of $138 billion grew 11% year-over-year. Fee-earning assets under management increased 10% to $72 billion over the same period.
• Revenue – Management and advisory fees increased 14% to $513.9 million for fiscal 2025.
• Carried Interest – Unrealized carried interest balance of $1.3 billion was up 3% year-over-year.
• Earnings per share – GAAP EPS of $5.41 on $217.4 million of GAAP net income for fiscal 2025.
• Dividend – Declared a quarterly dividend of $0.54 per share of Class A common stock to record holders at the close of business on June 20, 2025 that will be paid on July 7, 2025. The target full-year dividend of $2.16 represents a 10% increase from the prior fiscal year dividend.

Hamilton Lane issued a full detailed presentation of its fourth quarter and full fiscal year 2025 results, which can be accessed on the Company's Shareholders website at https://shareholders.hamiltonlane.com/.

Conference Call
Hamilton Lane will discuss fourth quarter and full fiscal year 2025 results in a webcast and conference call today, Thursday, May 29, 2025, at 11:00 a.m. Eastern Time.

For access to the live event via the webcast, visit Hamilton Lane's Shareholders website (https://shareholders.hamiltonlane.com/) at least 15 minutes prior to the start of the call. This feature will be in listen-only mode.

A replay of the webcast will be available approximately two hours after the live broadcast for a period of one year and can be accessed in the same manner as the live webcast at the Shareholders page of Hamilton Lane's website.

About Hamilton Lane
Hamilton Lane (Nasdaq: HLNE) is one of the largest private markets investment firms globally, providing innovative solutions to institutional and private wealth investors around the world. Dedicated exclusively to private markets investing for more than 30 years, the firm currently employs approximately 760 professionals operating in offices throughout North America, Europe, Asia Pacific and the Middle East. Hamilton Lane has $957.8 billion in assets under management and supervision, composed of $138.3 billion in discretionary assets and $819.5 billion in non-discretionary assets, as of March 31, 2025. Hamilton Lane specializes in building flexible investment programs that provide clients access to the full spectrum of private markets strategies, sectors and geographies. For more information, please visit http://www.hamiltonlane.com or follow Hamilton Lane on LinkedIn: https://www.linkedin.com/company/hamilton-lane/.

Forward-Looking Statements
Some of the statements in this release may constitute "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934 and the Private Securities Litigation Reform Act of 1995. Words such as "will," "expect," "believe," "estimate," "continue," "anticipate," "intend," "plan" and similar expressions are intended to identify these forward-looking statements. Forward-looking statements discuss management's current expectations and projections relating to our financial position, results of operations, plans, objectives, future performance and business. All forward-looking statements are subject to known and unknown risks, uncertainties and other important factors that may cause actual results to be materially different, including risks relating to: our ability to manage growth, fund performance, competition in our industry, changes in our regulatory environment and tax status; difficult or volatile market conditions; our ability to access suitable investment opportunities for our clients; our ability to maintain our fee structure; our ability to attract and retain key employees; our ability to manage our obligations under our debt agreements; defaults by clients and third-party investors on their obligations to fund commitments; our exposure and that of our clients and investors to the credit risks of financial institutions at which we and they hold accounts; our ability to comply with investment guidelines set by our clients; our ability to successfully integrate acquired businesses with ours; our ability to manage risks associated with introducing new types of investment structures, products or services or entering into strategic partnerships; our ability to manage redemption or repurchase rights in certain of our funds; our ability to manage, identify and anticipate risks we face; our ability to manage the effects of events outside of our control; and our ability to receive distributions from Hamilton Lane Advisors, L.L.C. to fund our payment of dividends, taxes and other expenses.

The foregoing list of factors is not exhaustive.  For more information regarding these risks and uncertainties as well as additional risks that we face, you should refer to the "Risk Factors" detailed in Part I, Item 1A of our Annual Report on Form 10-K for the fiscal year ended March 31, 2024 and in our subsequent reports filed from time to time with the Securities and Exchange Commission, including our upcoming Annual Report on Form 10-K for fiscal 2025. The forward-looking statements included in this release are made only as of the date hereof. We undertake no obligation to update or revise any forward-looking statement as a result of new information or future events, except as otherwise required by law.

SOURCE Hamilton Lane

FAQ

What was Hamilton Lane's (HLNE) earnings per share for fiscal year 2025?

Hamilton Lane reported GAAP earnings per share of $5.41 on net income of $217.4 million for fiscal year 2025.

How much did Hamilton Lane's (HLNE) assets under management grow in FY2025?

Hamilton Lane's assets under management grew 11% year-over-year to $138 billion in fiscal year 2025.

What is Hamilton Lane's (HLNE) dividend payment for Q4 2025?

Hamilton Lane declared a quarterly dividend of $0.54 per share, payable on July 7, 2025, to shareholders of record as of June 20, 2025.

How much did Hamilton Lane's (HLNE) management and advisory fees increase in FY2025?

Hamilton Lane's management and advisory fees increased 14% to $513.9 million for fiscal year 2025.

What is Hamilton Lane's (HLNE) total assets under management and supervision as of March 2025?

Hamilton Lane had $957.8 billion in total assets under management and supervision, comprising $138.3 billion in discretionary assets and $819.5 billion in non-discretionary assets.