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▼ FY 2025 Summary Analysis
Annual report ending Dec 31, 2025Overview and Growth
Fiscal 2025 results for READING INTERNATIONAL INC combined $202.99M of revenue with net loss of $14.14M and an operating cash outflow of $1.58M. The $202.99M revenue base provides substantial context for the company’s earnings, cash generation, and capital requirements. The top line contracted 3.6% from $210.53M in fiscal 2024; this top-line contraction left the company with a smaller revenue base. Diluted earnings per share were -$0.62, translating the period’s attributable earnings into the amount reported for each diluted share. The diluted weighted-average share count was 22.65M, linking total earnings with the per-share result received by shareholders. The company employed $434.93M of total assets, the balance-sheet base supporting its current operating and cash-flow results. The revenue-to-assets relationship was 0.47x, showing the sales generated relative to the resources carried on the balance sheet.Profitability
The reported operating result was an operating loss of $5.31M, reflecting costs that exceeded gross profit. Relative to revenue, the operating deficit measured 2.6%, showing the shortfall after operating costs. The bottom-line result was a net loss of $14.14M after operating, financing, tax, and other recognized items. Measured against revenue, the bottom-line deficit represented 7.0% after all recognized items. Reported EBITDA totaled $7.89M, adding a pre-interest, tax, depreciation, and amortization perspective to the profitability profile. Before income taxes, the company recorded a loss of $13.80M, bridging the operating result to the final net loss. Measured against revenue, the pretax deficit represented 6.8%. The reported income-tax provision was $853.00K, the amount recognized between pretax income and the final net-income result. Relative to total assets, the net loss represented 3.3%. The net loss narrowed to $14.14M from $35.30M in fiscal 2024.Liquidity and Capital Structure
The company held $434.93M of assets against $453.03M of liabilities and -$18.10M of equity, revealing how the asset base was financed. Equity was negative at -$18.10M, meaning liabilities exceeded the residual book value available to shareholders and weakening balance-sheet resilience. Current assets were $21.82M against $128.58M of current liabilities, framing the resources and obligations classified within the near-term balance-sheet horizon. At 0.17x, current liabilities exceeded current assets and placed pressure on the company’s near-term liquidity position. The company held $10.53M in cash and equivalents, a narrower liquidity measure than total current assets. Cash and equivalents represented 8.2% of current liabilities, showing the portion of near-term obligations matched by reported cash alone. The company carried $221.09M of total debt at period end, which frames its leverage and debt-service burden. Debt represented 50.8% of total assets, placing borrowing in the context of the company’s full resource base. Equity equaled -4.2% of assets, showing the shareholder-capital layer within the company’s balance sheet. Liabilities represented 104.2% of total assets, quantifying the liability-funded share of the company’s resource base. Measured against total assets, cash and equivalents represented 2.4%, a balance-sheet composition measure rather than a liquidity forecast. Total assets were 7.7% lower than fiscal 2024 assets of $471.01M, measuring the company’s own balance-sheet change. Compared with $12.35M in fiscal 2024, the current cash balance moved 14.7% and finished lower.Cash Flow and Earnings Quality
Cash flow from operations was an outflow of $1.58M, showing that operations absorbed cash during the period. The company spent $1.33M on capital expenditures while operations also absorbed cash, so both ongoing activity and investment drew on liquidity during the period. The company recorded a $2.91M cash deficit after capital spending for the period. The free-cash-flow deficit equaled 1.4% of revenue, showing the post-investment cash shortfall relative to sales. The free-cash-flow deficit equaled 0.7% of total assets, placing the cash shortfall against the company’s resource base.
Based on the annual report for the fiscal year ending Dec 31, 2025.
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