Description of Adamas Trust Inc's Business Segments

The Company operates in two reportable segments: investment portfolio and Constructive. This structure follows the acquisition of the remaining 50% ownership interests in Constructive on July 15, 2025. Financial information for the year ended December 31, 2025, is presented by these segments and reconciles to the Company's consolidated data.

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Annual Report on Adamas Trust Inc Divisions, Sales by Country


Constructive Loans LLC		75.16 %	of total Revenue

Twelve months ended 2025
ADAM s Annual Revenue by Geography and Business Segments	Sales (in millions $)	% (of total Sales)
Total	748.64	100 %
Constructive Loans LLC	562.68	75.16 %

Twelve months ended 2025
ADAM s Annual Income by Country and Business Segments	Income (in millions $)	% (Profit Margin)
Total	160.44	21.43 %

Twelve months ended 2025
Annual Revenue and Income Growth by Country and Business Segments	% Y/Y Sales Growth	% Y/Y Income Growth
Constructive Loans LLC	47.31 %	-

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