Significant Increase in Operating Income
Operating income increased by $10.2 million or 231.7% compared to the prior year, excluding the $18.1 million goodwill impairment recorded in fiscal year 2024.
Adjusted EBITDA Growth
Adjusted EBITDA increased by $8.9 million or 36.3% to $33.4 million compared to fiscal year 2024.
Improvement in Gross Margin
Gross margin increased by 210 basis points to 32.7% compared to 30.6% in the prior year.
Debt Reduction
Total debt declined by approximately $33.5 million, contributing to a reduction in interest expenses by $1.3 million or 7.7%.
Net Income Turnaround
Net income was approximately $22.7 million compared to a net loss of $26.7 million in fiscal year 2024.
Retail-Entertainment Revenue Growth
Retail-Entertainment segment revenue increased by $6.5 million or 9.1% driven by strong consumer demand for vintage and collectible media.