8-K - CG - Equibles

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 OR 15(d) of the

Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): October 31, 2025

The Carlyle Group Inc.

(Exact name of registrant as specified in its charter)

Delaware	001-35538	45-2832612
(State or Other Jurisdiction<br><br>of Incorporation)	(Commission<br><br>File Number)	(IRS Employer<br><br>Identification No.)
1001 Pennsylvania Avenue, NW
Washington, DC 20004-2505
(Address of Principal Executive Offices, Including Zip Code)

(202) 729-5626

(Registrant’s Telephone Number, Including Area Code)

Not Applicable

(Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any

of the following provisions (see General Instruction A.2. below):

☐	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class	Trading Symbol(s)	Name of each exchange on which registered
Common Stock	CG	The Nasdaq Global Select Market
4.625% Subordinated Notes due 2061 of Carlyle Finance<br><br>L.L.C.	CGABL	The Nasdaq Global Select Market

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405

of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying

with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 2.02	Results of Operations and Financial Condition.

On October 31, 2025, The Carlyle Group Inc. issued a summary press release and a detailed earnings presentation announcing

financial results for its third quarter ended September 30, 2025. The summary press release and the earnings presentation are

furnished as Exhibit 99.1 and Exhibit 99.2, respectively, to this Current Report on Form 8-K (this “Report”).

The information in this Report, including the exhibits hereto, shall not be deemed “filed” for purposes of Section 18 of the

Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section, nor shall it be deemed

incorporated by reference in any filing under the Securities Act of 1933, as amended, except as shall be expressly set forth by

specific reference in such a filing.

Item 9.01	Financial Statements and Exhibits.

(d)Exhibits.

Exhibit No.	Description
99.1	Summary earnings press release of The Carlyle Group Inc., dated October 31, 2025.
99.2	Earnings presentation of The Carlyle Group Inc., dated October 31, 2025.
104	Cover Page Interactive Data File (embedded within the Inline XBRL document).

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on

its behalf by the undersigned hereunto duly authorized.


Date: October 30, 2025	By:	/s/ John C. Redett
	Name:	John C. Redett
	Title:	Chief Financial Officer

CG 2025.09.30 8-K EX-99.1 Page | 1

Exhibit 99.1

Carlyle Reports Third Quarter 2025 Financial Results

Washington, D.C. and New York, October 31, 2025 – The Carlyle Group Inc. (NASDAQ: CG) today reported its

unaudited results for the third quarter ended September 30, 2025. The full detailed presentation of Carlyle’s third

quarter 2025 results can be viewed at ir.carlyle.com.

U.S. GAAP results for Q3 2025 included income before provision for income taxes of $86 million and a margin on

income before provision for income taxes of 25.8%.

Carlyle Chief Executive Officer Harvey M. Schwartz said, “Our strong third quarter results demonstrate continued

execution of our strategic growth plan. We generated $17 billion of organic quarterly inflows, continued to scale

strategic areas like Carlyle AlpInvest and Insurance Solutions, and raised significant capital across our Global

Wealth platform. The combination of these growth engines gives us strong momentum through year end and into

2026, and positions Carlyle exceptionally well to exceed our updated 2025 financial targets.”

Dividend

The Board of Directors has declared a quarterly dividend of $0.35 per common share to holders of record at the

close of business on November 10, 2025, payable on November 19, 2025.

Conference Call

Carlyle will host a conference call at 8:30 a.m. EDT on Friday, October 31, 2025, to announce its third quarter 2025

financial results. The conference call will be available via public webcast from the Events & Presentations section

of ir.carlyle.com and a replay will also be available on our website soon after the call’s completion.

About Carlyle

Carlyle (NASDAQ: CG) is a global investment firm with deep industry expertise that deploys private capital across

three business segments: Global Private Equity, Global Credit, and Carlyle AlpInvest. With $474 billion of assets

under management as of September 30, 2025, Carlyle’s purpose is to invest wisely and create value on behalf of its

investors, portfolio companies, and the communities in which we live and invest. Carlyle employs more than 2,400

people in 27 offices across four continents. Further information is available at www.carlyle.com. Follow Carlyle on

X @OneCarlyle and LinkedIn at The Carlyle Group.

Page | 2

Forward-Looking Statements

This press release may contain forward-looking statements within the meaning of Section 27A of the Securities Act

of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements

include, but are not limited to, statements related to our expectations, estimates, beliefs, projections, future plans and

strategies, anticipated events or trends, and similar expressions and statements that are not historical facts, including

our expectations regarding the performance of our business, our financial results, our liquidity and capital resources,

contingencies, and our dividend policy. You can identify these forward-looking statements by the use of words such

as “outlook,” “believes,” “expects,” “potential,” “continues,” “may,” “will,” “should,” “seeks,” “approximately,”

“predicts,” “intends,” “plans,” “estimates,” “anticipates,” or the negative version of these words or other comparable

words. Such forward-looking statements are subject to various risks, uncertainties, and assumptions. Accordingly,

there are or will be important factors that could cause actual outcomes or results to differ materially from those

indicated in these statements including, but not limited to, those described in this press release and under the section

entitled “Risk Factors” in our Annual Report on Form 10-K for the year ended December 31, 2024, filed with the

U.S. Securities and Exchange Commission (“SEC”) on February 27, 2025, as such factors may be updated from

time to time in our periodic filings with the SEC, which are accessible on the SEC’s website at www.sec.gov. These

factors should not be construed as exhaustive and should be read in conjunction with the other cautionary statements

that are included in this press release and in our other periodic filings with the SEC. We undertake no obligation to

publicly update or review any forward-looking statements, whether as a result of new information, future

developments, or otherwise, except as required by applicable law.

This press release does not constitute an offer for any Carlyle fund.

Contacts:

Public Market Investor Relations	Media
Daniel Harris	Brittany Bensaull	Kristen Ashton
Phone: +1 (212) 813-4527	Phone: +1 (212) 813-4839	Phone: +1 (212) 813-4763
daniel.harris@carlyle.com	brittany.bensaull@carlyle.com	kristen.ashton@carlyle.com

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