Westwood Holdings Group, Inc. Q1 FY2026 earnings call

• Brian Casey highlighted AUM growth to $18.3 billion, ETF suite AUM over $315 million, West 2 closing over $300 million, West 3 fundraising underway, combined institutional and intermediary gross sales ~$529 million, and sale of Vista Bank generating net gain ~$2 million. • AUM mix evolving toward income-oriented, real asset, and private market solutions. • U.S. value equity strategies under pressure but SMID Cap strategy top quartile in eVestment and Morningstar peer groups over trailing three years, Large Cap Value strategy competitive over ten years. • Multi-asset strategies encouraging, half or more top-tier over meaningful time horizons. • Salient energy and real asset strategies solid performance. • Institutional channel: gross sales $322 million, net inflows $32 million, successfully onboarded first institutional managed investment solutions client. • Intermediary channel: gross sales $207 million, net outflows $34 million, MDST gained major warehouse approval, YLDW approaching $25 million threshold. • Wealth management business strengthening with elevated client engagement, focus on holistic planning. • ETF milestones: MDST crossed $200 million AUM, three Enhanced Income Series ETFs over $320 million combined AUM, YLDW an extension of income ETF platform. • Energy secondaries business: Westwood Energy Secondaries Fund 2 closed over $300 million, raised nearly $350 million since 2023, fundraising for Fund 3 and co-investment fund underway. • Completed sale of Vista Bank, celebrated 25th anniversary of Westwood Real Estate Income Fund, and 43rd year of Westwood Holdings Group, Inc.

Firmwide AUM grew from $17.4 billion at 12/31/2025 to $18.3 billion at 03/31/2026. ETF suite of products surpassed $315 million in combined AUM. West 2 closed at over $300 million, and West 3 fundraising is underway. Combined institutional and intermediary gross sales were approximately $529 million. Total revenues for the first quarter of 2026 were $25 million, compared to $27.1 million in the fourth quarter and $23.3 million in the prior year's first quarter. Assets under management and advisement totaled $18.3 billion at quarter end, with assets under management consisting of institutional assets ($9 billion, 52% of total), wealth management assets ($4.2 billion, 24% of total), and mutual fund and ETF assets ($4.1 billion, 24% of total).

• Believes market conditions evolving to favor company's investment philosophy. • Expect continued momentum in SMID Cap Value for defined contribution plans. • Private capital platform expected to attract increasing institutional interest after personnel and organizational structure enhancements. • ETF platform seeing strong demand with higher trading volumes and growing AUM. • Anticipates MDIF and MDST going fully live tomorrow across major wires.

• Forward-looking statements subject to known and unknown risks, uncertainties, and other factors which may cause actual results to be materially different from those contemplated by the forward-looking statements. • Additional information concerning factors that could cause such a difference is included in the press release issued earlier today as well as in the Form 10-Q for the quarter ended 03/31/2026 that will be filed with the Securities and Exchange Commission.