READING INTERNATIONAL INC

Listed Company

RDICIK 0000716634NasdaqNon-AcceleratedSmaller ReportingServices-Motion Picture TheatersNevadaFY ends Dec 31

Period

FY 2025

Revenue

$202.99M

Net Income

$-14.14M

Total Assets

—

Equity

—

Shares Out

—

Op. Cash Flow

$-1.58M

Business

READING INTERNATIONAL INC operates and manages two primary businesses: cinema exhibition and real estate across the United States, Australia and New Zealand. It offers theatrical exhibition services including ticket sales, concessions and upgraded food & beverage, premium seating, advertising and mobile ticketing, plus live theatre licensing and ancillary services. Its business is organized into two reportable segments—Cinema Exhibition (movie theatres and associated operations) and Real Estate (retail, commercial and live venue properties, leasing and development). It sells services onsite at its theatres, through online/mobile channels, and via leasing and licensing to third‑party tenants and producers.

Summary from filing dated 2025-03-31

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Total revenue	203	211	223	203	139
Depreciation and amortization	−13	−16	−18	−21	−23
General and administrative	−19	−20	−20	−21	−25
Total costs and expenses	−208	−225	−235	−232	−181
Operating income (loss)	−5	−14	−12	−28	−42
Interest expense, net	−18	−21	−19	−14	−14
Gain (loss) on noncontrolling interest acquisition	3	—	—	—	—
Gain (loss) on sale of assets	8	−1	562,000	−54,000	92
Other income (expense)	−2	2	−164,000	7	4
Income (loss) before income tax expense and equity earnings of unconsolidated joint ventures	−14	−35	−31	−36	41
Equity earnings of unconsolidated joint ventures	560,000	−387,000	456,000	271,000	258,000
Income (loss) before income taxes	−14	−35	−31	−36	41
Income tax benefit (expense)	−853,000	−481,000	−590,000	−819,000	−6
Net income (loss)	−15	−36	−31	−37	35
Less: net income (loss) attributable to noncontrolling interests	−512,000	−597,000	−512,000	−476,000	3
Net income (loss) attributable to Reading International, Inc.	−14	−35	−31	−36	32
Basic earnings (loss) per share	−0.62	−1.58	−1.38	−1.64	1.46
Diluted earnings (loss) per share	−0.62	−1.58	−1.38	−1.64	1.42
Weighted average number of shares outstanding-basic	23	22	22	22	22
Weighted average number of shares outstanding-diluted	23	22	22	22	22

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and cash equivalents	11	12	13	30	83
Restricted cash	2	3	3	5	5
Receivables	5	5	8	6	5
Inventories	2	2	2	2	1
Prepaid and other current assets	2	3	3	4	5
Asset groups held for sale	460,000	32	11	—	—
Total current assets	22	57	39	48	100
Operating properties, net	208	215	262	287	307
Operating lease right-of-use assets	160	161	182	200	227
Investment in unconsolidated joint ventures	3	3	5	5	5
Goodwill	25	24	26	26	27
Intangible assets, net	2	2	2	2	3
Deferred tax asset, net	3	953,000	299,000	447,000	2
Other assets	13	9	9	10	6
Total Assets	435	471	533	587	688
Accounts payable and accrued liabilities	53	49	44	43	40
Film rent payable	7	6	6	6	7
Debt - current portion	36	69	34	37	11
Derivative financial instruments - current portion	56,000	—	—	—	—
Taxes payable	545,000	891,000	1	300,000	11
Deferred current revenue	11	10	11	10	10
Operating lease liabilities - current portion	20	21	23	24	24
Other current liabilities	774,000	7	7	813,000	4
Total Current Liabilities	129	162	127	122	107
Debt - long-term portion	114	105	147	149	195
Derivative financial instruments - non-current portion	—	137,000	—	—	—
Subordinated debt - non-current portion	28	27	27	27	27
Noncurrent tax liabilities	6	6	7	7	7
Operating lease liabilities - non-current portion	163	162	181	200	223
Other non-current liabilities	13	14	12	19	23
Total Liabilities	453	476	500	524	583
Commitments and Contingencies	—	—	—	—	—
Nonvoting preferred shares, par value $0.01, 12,000 shares authorized and no issued or outstanding shares at December 31, 2025 and 2024	—	—	—	—	—
Additional paid-in capital	155	158	155	154	152
Retained earnings (accumulated deficit)	−129	−115	−79	−49	−13
Treasury shares, at cost	−40	−40	−40	−40	−40
Accumulated other comprehensive income	−5	−7	−3	−2	5
"Total Reading International, Inc. (""RDI"") Stockholders Equity"	−18	−4	33	63	104
Noncontrolling interests	141,000	−426,000	−91,000	423,000	986,000
Total Stockholders Equity	−18	−5	33	63	105
Total Liabilities and Stockholders Equity	435	471	533	587	688

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Distributions of earnings from unconsolidated joint ventures	726,000	912,000	465,000	278,000	—
Gain recognized on foreign currency transactions	2	−2	10,000	−3	−2
Amortization of operating leases	22	16	19	23	23
Amortization of finance leases	41,000	41,000	25,000	38,000	49,000
Change in operating lease liabilities	−19	−16	−20	−23	−22
Change in net deferred tax assets	−1	−776,000	149,000	2	967,000
Depreciation and amortization	13	16	18	21	23
Other amortization	1	1	2	2	1
Share-based compensation expense	2	2	2	2	2
Receivables	−1	2	−1	978,000	−3
Prepaid and other assets	−4	−515,000	1	−3	2
Payments for accrued pension	−683,000	−683,000	−683,000	−683,000	−683,000
Accounts payable and accrued expenses	8	10	1	806,000	6
Film rent payable	981,000	12,000	359,000	−1	5
Taxes payable	−388,000	−390,000	1	−10	11
Deferred revenue and other liabilities	1	2	−930,000	−889,000	−3
Net cash provided by (used in) operating activities	−2	−4	−10	−26	−13
Proceeds from sale of assets	38	10	2	—	145
Purchases of and additions to operating and investment properties	−1	−6	−4	−9	−16
Contributions to unconsolidated joint ventures	−58,000	−91,000	—	−95,000	—
Net cash provided by (used in) investing activities	37	4	−3	−9	130
Repayment of long-term borrowings	−37	−15	−10	−16	−88
Repayment of finance lease principal	−43,000	−40,000	−28,000	−40,000	−49,000
Proceeds from borrowings	—	16	4	—	45
Capitalized borrowing costs	−872,000	−616,000	−869,000	−371,000	−2
Proceeds (payments) from stock option exercises	−185,000	−7,000	−244,000	−83,000	−148,000
Noncontrolling interest contributions	—	271,000	—	4,000	3,000
Noncontrolling interest distributions	−56,000	—	—	−87,000	−5
Noncontrolling interest acquisition	29,000	—	—	—	—
Net cash provided by (used in) financing activities	−38	337,000	−7	−17	−50
Effect of exchange rate on cash and restricted cash	134,000	−824,000	−437,000	−1	−4
Net increase (decrease) in cash and cash equivalents and restricted cash	−2	−359,000	−20	−54	62
Interest paid	16	19	18	13	12
Income taxes (refunded) paid	3	2	−639,000	9	−6
Lease make-good accrual	32,000	59,000	21,000	−2	288,000
Additions to long-term borrowings	14	—	—	—	—
Additions to operating and investing properties through accrued expenses	417,000	257,000	4	4	3

Filings

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