Total Revenue

–0.6% (Q1 2025: USD 604.65M vs. Q1 2024: USD 608.21M)

The slight decline in revenue reflects a pause in previous revenue growth trends observed in FY 2024 where revenue had modestly increased. This minor decrease may be attributed to market conditions affecting contract renewals or pricing adjustments compared to the previous period’s slightly higher activity. " "

Operating Income

–34% (Q1 2025: USD 60.98M vs. Q1 2024: USD 92.66M)

A sharp 34% drop suggests that rising operating costs and higher expenses relative to a relatively flat revenue base are impacting margins. This is consistent with earlier periods like FY 2024 where increased general, administrative, and operating expenses were not fully offset by revenue gains. " "

Net Income attributable to GEO

–30% (Q1 2025: USD 19.56M vs. Q1 2024: USD 28.00M)

The 30% decline in net income is driven by the compression in operating margins and higher financing costs, echoing previous challenges in FY 2024 such as higher interest and debt-related costs that continued to affect bottom-line profitability in Q1 2025. " "

Cash and Cash Equivalents

–49% (Q1 2025: USD 64.82M vs. Q1 2024: USD 126.50M)

The nearly 50% drop in cash reflects significant outflows from financing and investing activities, including debt repayments and capital investments. This is a continued trend from prior periods where aggressive financing activities led to lower liquidity levels. " "

Total Current Assets

–5% (Q1 2025: USD 503.37M vs. Q1 2024: USD 531.49M)

A modest 5% decline is mainly due to the reduced cash balance combined with lower accounts receivable. While other current asset components remained stable, the substantial drop in cash seen in Q1 2025 was the key contributor. " "

Long-term Debt

–3% (Q1 2025: USD 1,658.09M vs. Q1 2024: USD 1,717.05M)

The slight 3% reduction in long-term debt indicates scheduled repayments and ongoing debt management activities. Compared to more significant refinancing efforts in previous periods (such as in FY 2024), the current reduction is modest and reflects a continuing but gradual deleveraging strategy. " "