GEO posts FY 2025 income taxes of ISO 85.7 million, up 811.8%

Reuters
02/26
GEO posts FY 2025 income taxes of ISO 85.7 million, up 811.8%

The GEO Group reported FY 2025 results with consolidated revenues of USD 2.6 billion (up 8.6%) and net income of USD 254.3 million. EBITDA was USD 632.8 million and Adjusted EBITDA was USD 464.4 million for FY 2025. By segment in FY 2025, U.S. Secure Services revenue was USD 1.8 billion (up 13.9%), Electronic Monitoring and Supervision Services revenue was USD 320.9 million (down 3.6%), Reentry Services revenue was USD 286.5 million (up 3.2%), and International Services revenue was USD 197.1 million (down 5.7%). The company reported an average company-wide facility occupancy rate of 89.2% for FY 2025 (up from 87.2%), excluding idle beds. Key FY 2025 items included a net gain on asset divestitures/impairment of USD 232.4 million, driven by the sale of the company-owned Lawton Correctional Facility to the State of Oklahoma and the sale of the previously idled Hector Garza Center. GEO also recorded a non-cash contingent litigation reserve of USD 37.6 million related to the Washington State case Nwauzor v. GEO Group. Interest expense was USD 160.5 million (down 15.8%), and the income tax provision was USD 85.7 million, including a USD 56.6 million discrete tax expense tied to the Lawton sale. On capital allocation and financing, GEO repurchased 4.9 million shares in FY 2025 under its share repurchase program, which was later increased to USD 500 million and extended to December 31, 2029. The company also amended its credit agreement in 2025 to increase revolver commitments and extend maturity, and noted a further revolver increase to USD 550 million via a January 2026 amendment. GEO said it is marketing 5,896 vacant Secure Services beds and 750 vacant Reentry Services beds at idle facilities, with estimated 2026 carrying costs of USD 23.4 million.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. The GEO Group Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001193125-26-071747), on February 25, 2026, and is solely responsible for the information contained therein.

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