AMREP (AXR) Q2 2025 earnings summary

Executive summary

• Net income for Q2 FY2025 was $4,042,000, up from $1,108,000 in Q2 FY2024, a significant year-over-year increase.

• For the first six months of FY2025, net income reached $8,106,000, compared to $2,454,000 in the prior year period.

Financial highlights

• Q2 FY2025 revenues were $11,906,000, up from $8,854,000 in Q2 FY2024.

• Six-month revenues were $30,997,000, compared to $19,143,000 for the same period last year.

• Diluted EPS for Q2 FY2025 was $0.75, up from $0.21 in Q2 FY2024.

• Six-month diluted EPS was $1.51, compared to $0.46 in the prior year period.

Risk factors and uncertainties

• Revenues, average selling prices, and gross margins from land or home sales can vary significantly due to the nature and timing of transactions and the type and location of properties sold.

• Prior results are not necessarily indicative of future performance.