Record Second Quarter Operating Income
The company delivered the best second quarter operating income since Q2 2019, with global cinema and real estate divisions contributing to improved results.
Significant Debt Reduction
The company completed the sale of Cannon Park assets in Townsville, Australia for AUD 32 million, using the proceeds to pay off AUD 20 million NAB bridging facility and reduce Bank of America debt by AUD 1.5 million. Since June 2020, over $102.5 million of debt has been repaid.
Strong Revenue Growth
Global total revenues increased by 29% compared to Q2 2024, reaching $60.4 million.
Improved Global Operating Income
Global operating income increased by 138% from a global operating loss of $7.7 million in Q2 2024 to $2.9 million.
Positive EBITDA Growth
Positive EBITDA increased over 276% from a negative EBITDA of $3.6 million in Q2 2024 to $6.3 million.
Record F&B Spend Per Patron
Achieved the highest F&B SPP in Australia, New Zealand, and the U.S. for any quarter.
Successful Movie Releases
Successful releases such as Minecraft Movie, Lilo & Stitch, and Mission: Impossible contributed to strong box office performance.
U.S. Cinema Revenue Increase
U.S. cinema revenue increased by 41% to $30.3 million compared to the second quarter of 2024.
Australian and New Zealand Cinema Success
Australian cinema revenue increased 24% to $22.9 million, and New Zealand cinema revenue increased 24% to $3.6 million.