Bimini Capital Management, Inc. reported a modest consolidated net income of approximately $43 thousand for the second quarter of 2025. For the six months ended June 30, 2025, the company recorded net income of $0.6 million, or $0.06 per share, a turnaround from a consolidated net loss of $0.1 million in the comparable 2024 period.
Advisory service revenues for the second quarter surged to $3.8 million, marking a 20% increase over the second quarter of 2024 and a 6% increase over the first quarter of 2025. This growth was supported by Orchid Island Capital raising an additional $139.4 million during the quarter, boosting its shareholders' equity to $912.0 million.
Despite selling $9.8 million of MBS early in the second quarter due to adverse market conditions, interest revenues increased 23% over the second quarter of 2024. Management indicated plans to resume growth of the RMBS portfolio in the near-term, leveraging increased cash positions and attractive market levels.
Bimini's Book Value Per Share stood at $0.74 as of June 30, 2025. The company's liquidity was approximately $5.7 million, consisting of unpledged MBS and cash and cash equivalents. The signing of the 'One Big Beautiful Bill Act' on July 4, 2025, was viewed by management as a potentially stimulative force for the economy and risk assets.
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