Marygold Companies, Inc. Segments Disclosure
NOTE 15. SEGMENT REPORTING
In its operation of the business, our chief operating decision maker (“CODM”), who is our Chief Executive Officer, reviews revenues and profits in assessing segment performance and deciding how to allocate resources. Our CODM does not evaluate operating expenses by segment. During the periods presented, the Company reported its financial performance based on the following segments.
| Segment | Entities | Location | Description | |||
| Fund Management | USCF Investments, Inc. | United States | Manages, operates and is a commodity pool operator or an investment advisor to exchange traded funds organized as limited partnerships or investment trusts that issue shares which trade on the NYSE Arca stock exchange. | |||
| Food Products | Gourmet Foods, Ltd. and Printstock Products Limited | New Zealand | Manufactures and distributes meat pies on a commercial scale in and prints specialty wrappers for the food industry in New Zealand and Australia. | |||
| Security Systems | Brigadier Security Systems (2000) Ltd. | Canada | Sells and installs commercial and residential alarm monitoring systems. | |||
| Beauty Products | Kahnalytics, Inc. doing business as Original Sprout | United States | Engaged in the wholesale distribution of hair and skin care products on a global scale. | |||
| Financial Services | Marygold & Co.; Marygold & Co. Advisory Services, LLC; Marygold & Co. (UK) Limited, Marygold & Co. Limited and Step-By-Step Financial Planners Limited | United States and United Kingdom | Marygold & Co. developed a Fintech app that was launched in June 2023 in the US and in March 2025 in the UK; and Marygold UK through its subsidiaries is an asset manager and registered investment advisor in the UK. | |||
| Corporate Headquarters | The Marygold Companies, Inc. | United States | Holding company responsible for organizational accountability, capital raising and allocation, corporate governance, regulatory compliance, etc. |
The following table presents a summary of operating information (in thousands):
| Year Ended June 30, | ||||||||
| 2025 | 2024 | |||||||
| Revenue from external customers: | ||||||||
| Fund management - related party | $ | 17,135 | $ | 18,965 | ||||
| Food products | 6,720 | 7,271 | ||||||
| Beauty products | 2,974 | 3,296 | ||||||
| Security systems | 2,471 | 2,655 | ||||||
| Financial services | 854 | 649 | ||||||
| Total revenue | $ | 30,154 | $ | 32,836 | ||||
| Year Ended June 30, | ||||||||
| 2025 | 2024 | |||||||
| Operating income (loss): | ||||||||
| Fund management - related party | $ | 3,274 | $ | 4,773 | ||||
| Food products | 145 | 321 | ||||||
| Beauty products | (395 | ) | (2,138 | ) | ||||
| Security systems | 250 | 325 | ||||||
| Financial services | (5,621 | ) | (5,943 | ) | ||||
| Corporate headquarters | (4,343 | ) | (3,594 | ) | ||||
| Total operating loss | $ | (6,690 | ) | $ | (6,256 | ) | ||
The following table presents a summary of identifiable assets by geographical location (in thousands):
| June 30, | ||||||||
| 2025 | 2024 | |||||||
| Identifiable assets: | ||||||||
| United States | $ | 22,025 | $ | 22,319 | ||||
| New Zealand | 3,457 | 3,898 | ||||||
| United Kingdom | 3,210 | 3,586 | ||||||
| Canada | 1,728 | 3,096 | ||||||
| Consolidated total | $ | 30,420 | $ | 32,899 | ||||
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Sep 19, 2025 | Showing above |
| 2024 | Sep 18, 2024 | |
| 2023 | Sep 25, 2023 | |
| 2022 | Sep 28, 2022 | |
| 2021 | Sep 22, 2021 | |
| 2020 | Sep 28, 2020 | |
| 2019 | Sep 30, 2019 | |
| 2018 | Sep 28, 2018 | |
| 2016 | Oct 21, 2016 | |
About Segments Disclosures
Segment disclosures break a company into its reportable operating units, revealing revenue, profit, and asset allocation that consolidated financial statements obscure. Under ASC 280, segments must match how the chief operating decision maker views the business, providing a window into internal management structure and resource allocation priorities.
Key signals: compare segment margins to identify which units drive profitability and which destroy value. Watch for changes in the number of reportable segments — segment aggregation or disaggregation often coincides with strategic shifts or attempts to obscure declining performance. Intersegment elimination patterns reveal internal pricing practices. The reconciliation between segment totals and consolidated figures exposes corporate overhead allocation and unallocated items. Geographic revenue concentration highlights regulatory and currency exposure. Compare segment-level capital expenditure against segment revenue to assess where management is investing for future growth versus harvesting existing assets.