KKR & Co. Inc. is a private equity and real estate investment firm specializing in direct and fund of fund investments. It specializes in acquisitions, leveraged buyouts, management buyouts, credit special situations, growth equity, mature, mezzanine, distressed, turnaround, lower middle market and middle market investments. The firm considers investments in all industries with a focus on software, security, semiconductors, consumer electronics, internet of things (iot), internet, information services, information technology infrastructure, financial technology, network and cyber security architecture, engineering and operations, content, technology and hardware, energy and infrastructure, real estate, services industry with a focus on business services, intelligence, industry-leading franchises and companies in natural resource, containers and packaging, agriculture, airports, ports, forestry, electric utilities, textiles, apparel and luxury goods, household durables, digital media, insurance, brokerage houses, non-durable goods distribution, supermarket retailing, grocery stores, food, beverage, and tobacco, hospitals, entertainment venues and production companies, publishing, printing services, capital goods, financial services, specialized finance, pipelines, and renewable energy. In energy and infrastructure, it focuses on the upstream oil and gas and equipment, minerals and royalties and services verticals. In real estate, the firm seeks to invest in private and public real estate securities including property-level equity, debt and special situations transactions and businesses with significant real estate holdings, and oil and natural gas properties. The firm also invests in asset services sector that encompasses a broad array of B2B, B2C and B2G services verticals including asset-based, transport, logistics, leisure/hospitality, resource and utility support, infra-like, mission-critical, and environmental services. Within Americas, the firm prefers to invest in consumer products; chemicals, metals and mining; energy and natural resources; financial services; healthcare; industrials; media and communications; retail; and technology. Within Europe, the firm invests in consumer and retail; energy; financial services; health care; industrials and chemicals; media and digital; and telecom and technologies. Within Asia, it invests in consumer products; energy and resources; financial services; healthcare; industrials; logistics; media and telecom; retail; real estate; and technology. It also seeks to make impact investments focused on identifying and investing behind businesses with positive social or environmental impact. The firm seeks to invest in mid to high-end residential developments, but can invest in other projects throughout Mainland China through outright ownership, joint ventures, and merger. It invests globally with a focus on Australia, emerging and developed Asia, Middle East and Africa, Nordic, Southeast Asia, Asia Pacific, Ireland, Hong Kong, Japan, Taiwan, India, Vietnam, Malaysia, Singapore, Indonesia, France, Germany, Netherlands, United Kingdom, Caribbean, Mexico, South America, North America, Brazil, Latin America, Korea with a focus on South Korea, and United States of America. In the United States and Europe, the firm focuses on buyouts of large, publicly traded companies. It seeks to invest $30 million to $717 million in companies with enterprise values between $500 million to $2389 million. The firm prefers to invest in a range of debt and public equity investing and may co-invest. It seeks a board seat in its portfolio companies and a controlling ownership of a company or a strategic minority positions. The firm may acquire majority and minority equity interests, particularly when making private equity investments in Asia or sponsoring investments as part of a large investor consortium. The firm typically holds its investment for a period of five to seven years and more and exits through initial public offerings, secondary offerings, and sales to strategic buyers. KKR & Co. Inc. was founded in 1976 and is based in New York, New York with additional offices across North America, Europe, Australia, Sweden and Asia.

KKR & Co. Inc.

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General, Administrative and Other

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Net Policy Benefits and Claims

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Interest Expense

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Net Income

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Net Income Attributable to KKR & Co. Inc.

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Series a Preferred Stock Dividends

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Series B Preferred Stock Dividends

Transaction-Based Revenues

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Other Revenues

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Cost of Sales

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Selling, General & Administrative Expenses

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Depreciation & Amortization Expenses

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Revenue

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Income Statement	Jun '25	Dec '24	Jun '24	Dec '23	Jun '23	Dec '22
Transaction-Based Revenues	3,881.1	3,695.3	3,516.9	3,229.9	2,577.4	794.6
Fees and Other
Capital Allocation-Based Income
Other Revenues	4,317.9	4,354.7	10,311.7	4,515.4	4,176.6	3,586.9
Net Premiums
Policy Fees
Other Income
Net Investment Income
Net Investment-Related Gains
Total Revenues	8,199	8,050.1	13,828.6	7,745.3	6,754	4,381.4
Total Revenues %Chg	-40.7%	3.9%	104.7%	76.8%	410.6%	-48.6%
Total Revenues
Total Revenues %Chg
Cost of Sales	6,910.7	5,952.4	11,671.8	4,879.1	4,495.9	2,711.4
Net Policy Benefits and Claims
Compensation and Benefits
Gross Profit	1,288.3	2,097.6	2,156.8	2,866.2	2,258.1	1,670.1
Gross Profit Margin	15.7%	26.1%	15.6%	37%	33.4%	38.1%
Selling, General & Administrative Expenses	3,494.1	3,299.4	3,205.5	2,711.6	2,197.6	1,535.5
Occupancy and Related Charges
General, Administrative and Other
General, Administrative and Other
Compensation and Benefits
Depreciation & Amortization Expenses	178.8	145.1	29.1	42.9	44.4	67.2
Amortization of Policy Acquisition Costs
Other Operating Expenses	442.9	442.7	473.2	471.5	441.8	383.6
Amortization of Policy Acquisition Costs
Insurance Expenses
Operating Profit	-2,827.4	-1,789.5	-1,551	-359.7	-425.6	-316.3
Operating Margin	-34.5%	-22.2%	-11.2%	-4.6%	-6.3%	-7.2%
Interest and Investment Income	5,852.4	5,522.7	5,610.8	5,090	4,585.5	4,037.7
Dividend Income
Interest Income
Net Investment Income
Interest Expense	-1,502.3	-1,648.3	-1,657.6	-1,569.4	-1,376.5	-995.3
Interest Expense
Interest Expense
Non-Operating Income	3,031.5	3,291	1,574.9	2,608.6	652.1	-170.8
Net Gains from Investment Activities
Net Investment-Related Gains
Total Non-Operating Income	7,381.6	7,165.5	5,528.1	6,129.1	3,861.1	2,871.5
Income Before Provision for Income Taxes	2,299.8	3,287.2	2,573.3	4,695.2	1,859.4	335.3
Income Before Taxes
Provision for Income Taxes	260.9	468.2	486.2	723.8	473.7	191.3
Income Tax Expense
Consolidated Net Income	2,039	2,819	2,087.1	3,971.3	1,385.7	144.1
Net Income
Net Income Attributable to Minority Interests and Other	1,714.8	1,092.8	736.9	1,440.8	184	-44.2
Net Income Attributable to Redeemable Noncontrolling Interests
Net Income Attributable to Noncontrolling Interests
Net Income Attributable to Preferred Dividends	37.7	—	—	17.2	34.5	34.5
Series a Preferred Stock Dividends
Series B Preferred Stock Dividends
Series C Mandatory Convertible Preferred Stock Dividends
Series D Mandatory Convertible Preferred Stock Dividends
Net Income Attributable to Common Shareholders	286.5	1,726.1	1,350.1	2,513.3	1,167.2	153.7
Net Income Attributable to KKR & Co. Inc. Common Stockholders
Basic EPS	0.3	2	1.5	2.9	1.4	0.4
Diluted EPS	0.3	1.8	1.5	2.8	1.3	0.4
Basic Weighted Average Shares Outstanding	889.5	887.8	886.2	873.7	861.3	862.3
Total Shares Outstanding	890.9	888.2	887.4	885	858	861.1
Diluted Weighted Average Shares Outstanding	955.8	949.2	928.6	910.5	913.1	862.3
EBITDA	-2,912.1	-1,867.9	-1,591.9	-328.9	-388.2	-183.2
Effective Tax Rate	11.3%	14.2%	18.9%	15.4%	25.5%	57%