GEO GROUP (GEO) Company Report

The GEO Group, Inc. (GEO) entered into a Second Amendment to Credit Agreement on November 13, 2025.
This amendment removes the 3.00 to 1.00 total leverage ratio hurdle from one-half of the $150.0 million general carve-out to the Credit Agreement\u2019s restricted payments negative covenant.
Specifically, GEO may now declare and make Restricted Payments of up to $75,000,000 without the 3.00:1.00 total leverage ratio hurdle, provided no Default or Event of Default exists and GEO complies with other covenants. An additional $75,000,000 in Restricted Payments remains subject to the 3.00:1.00 total leverage ratio hurdle.

Nov 18, 2025, 11:33 AM

8-K

Eutelsat Approves €1 Billion Capital Increase for LEO Investments and Debt Reduction

GEO

New Projects/Investments

Board Change

Guidance Update

Eutelsat has approved a nearly €1 billion reserved capital increase, priced at €4 per share, aimed at strengthening its financial structure and supporting future investments in its Low Earth Orbit (LEO) broadband constellation and the IRIS² project.
The French State is the largest contributor to this capital increase, increasing its stake to 29.65%, and will have two representatives join Eutelsat's board.
The company plans to invest up to €2.2 billion in 440 new LEO satellites starting in 2026 and has committed approximately €2 billion to the IRIS² public-private partnership.
Eutelsat aims to reduce its net debt to adjusted EBITDA ratio to around 2.5x by 2025-26 and targets an adjusted EBITDA margin of at least 60% with revenues between €1.5 and €1.76 billion by 2028-29.

Nov 18, 2025, 10:14 AM

Morningstar

GEO Announces Q3 2025 Financial Results and Updates Full-Year Guidance

GEO

Earnings

Guidance Update

M&A

GEO reported Q3 2025 revenues of $682,341 thousand and net income attributable to The GEO Group, Inc. of $173,940 thousand, resulting in diluted net income per share of $1.24.
For the full year 2025, the company provided guidance projecting revenue between $2,575,000 thousand and $2,600,000 thousand, and Adjusted Net Income/Diluted Share between $0.84 and $0.87.
As of September 30, 2025, GEO's Total Net Leverage stood at 3.21x and Long-Term Debt was $1,552,613 thousand.
Significant asset transactions during 2025 included the acquisition of Western Region Detention Facility for $60,000 thousand in July and the sale of Lawton Correctional Facility for $312,000 thousand also in July.

Nov 6, 2025, 4:00 PM

Presentation

GEO Reports Strong Q3 2025 Results, Secures Major Contracts, and Updates Full-Year Guidance

GEO

Earnings

Guidance Update

Share Buyback

GEO reported Q3 2025 net income attributable to GEO of $174 million or $1.24 per diluted share on revenues of $682 million, compared to $26 million or $0.19 per diluted share on $603 million in Q3 2024.
The company secured new or expanded contracts representing over $460 million in new incremental annualized revenues, including new ICE facility contracts for approximately 6,000 beds and a new two-year ICE ISAP 5 contract valued over $1 billion.
GEO reduced its total net debt by approximately $275 million in 2025, closing Q3 with $1.4 billion in total net debt, and increased its stock buyback authorization by $200 million to $500 million.
Full-year 2025 guidance was updated, with expected GAAP net income of $1.81-$1.85 per diluted share and adjusted EBITDA of $455-$465 million on approximately $2.6 billion in revenues. The company projects approximately $3 billion in annual revenues for 2026.

Nov 6, 2025, 4:00 PM

Transcript

GEO Group Reports Third Quarter 2025 Results and Increases Share Repurchase Authorization

GEO

Earnings

Guidance Update

Share Buyback

GEO Group reported total revenues of $682.3 million, net income attributable to GEO of $1.24 per diluted share, and Adjusted EBITDA of $120.1 million for the third quarter of 2025.
The company updated its full-year 2025 financial guidance, projecting annual revenues of approximately $2.6 billion, GAAP Net Income of $1.81 to $1.85 per diluted share, and Adjusted EBITDA of $455 million to $465 million.
The Board of Directors increased the share repurchase authorization to $500 million and extended its expiration to December 31, 2029, with $458.4 million of authorization available as of November 6, 2025.
During the third quarter of 2025, GEO Group completed the sale of the Lawton Correctional Facility for $312 million and the Hector Garza Reentry Center for $10 million, and reduced its net debt by approximately $275 million in the first nine months of 2025.

Nov 6, 2025, 11:30 AM

8-K

GEO Group Reports Q3 2025 Results, Increases Share Repurchase Authorization, and Updates Full Year Guidance

GEO

Earnings

Share Buyback

Guidance Update

For the third quarter of 2025, The GEO Group reported total revenues of $682.3 million and net income of $173.9 million, or $1.24 per diluted share, which included a $232.4 million pre-tax gain on asset divestitures and $37.7 million in non-cash contingent liability and litigation costs. Adjusted net income was $0.25 per diluted share.
The company updated its full year 2025 financial guidance, expecting annual revenues of approximately $2.6 billion, GAAP net income of $1.81 to $1.85 per diluted share, and Adjusted Net Income of $0.84 to $0.87 per diluted share. Adjusted EBITDA is projected to be in the range of $455 million to $465 million.
The Board of Directors increased the share repurchase authorization to $500 million, extending the expiration date to December 31, 2029, with approximately $458.4 million remaining available as of November 6, 2025.
During the first nine months of 2025, GEO Group reduced its net debt by approximately $275 million, bringing the total net debt to approximately $1.4 billion at the end of the third quarter 2025.
Since the beginning of 2025, the company secured new or expanded contracts representing over $460 million in new incremental annualized revenues expected to normalize in 2026, including significant contracts for ICE facilities, secure transportation, and Florida Department of Corrections facilities.

Nov 6, 2025, 11:00 AM

Press Release

Fortuna Mining Corp. Reports Strong Q3 2025 Financial and Operating Results

GEO

Earnings

New Projects/Investments

Fortuna Mining Corp. reported attributable net income from continuing operations of $123.6 million or $0.40 per share for the third quarter of 2025, marking a significant increase from Q2 2025.
Free cash flow from ongoing operations reached $73.4 million in Q3 2025, an increase of $16.0 million compared to Q2 2025.
The company's net cash position strengthened to $265.8 million in Q3 2025, up from $214.8 million in Q2 2025, with liquidity increasing to $588.3 million.
Consolidated All-in Sustaining Costs (AISC) per Gold Equivalent Ounce (GEO) from continuing operations was $1,987 in Q3 2025, compared to $1,932 in Q2 2025, primarily due to a one-time increase of $80 per GEO in share-based compensation.
Fortuna completed a Preliminary Economic Assessment (PEA) for the Diamba Sud Gold Project, which confirmed robust project economics with an after-tax Internal Rate of Return (IRR) of 72% and a Net Present Value (NPV5%) of US$563 million.

Nov 6, 2025, 2:24 AM

Press Release

Australian Oilseeds Announces Joint Venture with Rajashri Foods for India Distribution

GEO

New Projects/Investments

Revenue Acceleration/Inflection

Australian Oilseeds Holdings Limited (NASDAQ: COOT) announced a joint venture with Rajashri Foods Pvt. Ltd. to market and distribute its GEO line of cold pressed chemical free canola oil and olive oil throughout India.
The partnership targets India's edible oil market, valued at approximately AUD 50–60 billion, where GEO aims to capture a significant share.
GEO, the company's flagship consumer brand, is known for its premium extra virgin cold-pressed canola oil range with attributes like 0% erucic acid, non-GMO quality, high Omega-3 and Omega-9 content, natural Vitamin E, and low trans-fat.

Oct 28, 2025, 12:00 PM

Press Release

Eutelsat Communications Announces First Quarter 2025-26 Revenues and Confirms Financial Objectives

GEO

Earnings

Guidance Update

Proxy Vote Outcomes

Eutelsat Communications reported First Quarter 2025-26 total revenues of €293 million, a 2.2% reported decrease and 0.3% like-for-like decrease compared to the previous year.
Revenues from the four Operating Verticals stood at €283 million, reflecting a 1.2% like-for-like decrease.
Connectivity revenues increased 8.6% like-for-like to €149.4 million, primarily driven by a 70.7% rise in LEO revenues to €54.1 million.
The company confirmed all financial objectives for FY 2025-26, including operating vertical revenues in line with FY 2024-25 and 50% year-on-year LEO revenue growth.
Shareholders approved all resolutions relating to a contemplated €1.5 billion capital increase and ratified several appointments to the Board of Directors.

Oct 21, 2025, 3:45 PM

Press Release

Fortuna Mining Corp. Reports Q3 2025 Production Results

GEO

Earnings

Guidance Update

Fortuna Mining Corp. reported gold equivalent production of 72,462 ounces for Q3 2025, which is an increase from 71,229 GEO in Q2 2025 but a slight decrease compared to 73,123 GEO in Q3 2024.
Consolidated gold equivalent production for the first nine months of 2025 totaled 251,871 ounces.
The company reiterated its updated annual production guidance for 2025 in the range of 309,000 to 339,000 GEO.
The Séguela Mine is on track to exceed the upper end of its guidance, and the Lindero Mine achieved its highest quarterly production year to date.

Oct 8, 2025, 9:00 AM

Press Release

Earnings Transcripts

Quarterly earnings call transcripts for GEO GROUP.

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