10-Q - GPB Automotive Portfolio, LP (0001578742) (Filer)

Tue, May 20, 2:44 PM (32 days ago)

**GPB Automotive Portfolio, LP (Ticker: None) Q1 2025 Financial Summary** **Financial Health & Performance:** - **Revenue & Profit Margins:** Not applicable due to liquidation status. - **Cash Flow:** $9.5 million in cash and cash equivalents, $519.8 million in investment securities, and $1.5 million in restricted cash as of March 31, 2025. - **Earnings Changes:** Not applicable due to liquidation status. - **Quarterly Performance:** Net assets in liquidation decreased by $31.0 million, primarily due to payments made in excess of liabilities recorded and distributions to non-controlling interests. - **Trends:** The Partnership is in receivership and has sold substantially all of its assets. The Receiver made an initial distribution of $190.0 million to Limited Partners on April 25, 2025. **Uncertainties & Future Operations:** - **Liquidity:** The Partnership's cash and cash equivalents are sufficient to meet liquidity needs for at least the next twelve months. - **Legal Proceedings:** The Partnership is involved in numerous legal proceedings, which could impact the liquidity and amount of available cash for operations and future distributions. - **Distribution Plan:** The Receiver anticipates making additional rounds of distributions as the receivership progresses, remaining assets are liquidated, and claims involving third parties are pursued or resolved. - **Expected Liquidation Completion Date:** December 31, 2025. **Impact on Future Operations:** - The Partnership's operations are now under the direction of the Receiver, and the focus is on liquidating assets and distributing proceeds to investors and creditors. - The precise timing and amounts of subsequent distributions will depend on various factors, including the progress of the receivership and the claims resolution process.