August 13, 2026

The Palace Amusement Company (1921) Limited (PAL)
Unaudited financials for the twelve months ended June 30, 2026:

The Palace Amusement Company (1921) Limited (PAL) for the twelve months ended June 30, 2026 reported a 27% decrease in Revenue totaling $961.60 million compared to $1.32 billion in the corresponding period last year. Revenue for the fourth quarter had a 35% decrease to close at $245.93 million compared to $377.55 million for the comparable quarter of 2025.

Direct expenses amounted to $952.90 million (2025: $1.22 billion), this represents a decrease of 22% year over year. Consequently, gross profit decreased by 92% to $8.70 million compared to $103.93 million for the twelve months ended June 30, 2025. The company booked gross profit of $10.73 million for the fourth quarter versus $53.48 million reported for the similar quarter of 2025.

Administration expenses decreased by 16% to close at $215.07 million (2025: $256.82 million), while Other operating income increased substantially to $247.71 million from $4.48 million in the period under review, driven by a $229.27 million insurance claim relating to Hurricane Melissa. As a result, operating profit for the twelve months ended June 30, 2026 amounted to $41.34 million (2025: operating loss of $148.40 million).

Finance costs for the twelve months ended June 30, 2026, amounted to $41.83 million, a 2% decrease relative to $42.87 million reported in 2025. Loss Before taxation totaled $0.486 million, a significant improvement from the corresponding period last year (2025: loss before taxation of $191.27 million).

No tax charge was incurred for the twelve months ended June 30, 2026 (2025: tax credit of $44.32 million).

Net Loss for the twelve months ended June 30, 2026 amounted to $0.486 million, a significant improvement from the net loss of $146.95 million in the prior year. Net Loss attributable to stockholders of the company for the twelve months amounted to $0.381 million, compared to a loss of $147.80 million reported in 2025. For the fourth quarter, Net Profit attributable to stockholders of the company was $5.75 million (2025: $17.26 million).

Consequently, Loss Per Share for the twelve months amounted to $0.00 (2025: LPS: $0.17), while Earnings Per Share for the quarter totaled $0.01 (2025: EPS: $0.02). The twelve-month trailing LPS was $0.00, and the number of shares used in these calculations was 862,216,800.

Notably, PAL’s stock price closed the trading period on August 13, 2026, at a price of $0.60.

Balance Sheet Highlights

The company’s assets totaled $1.98 billion (2025: $2.05 billion). The movement in total assets was primarily attributable to a 4% decline in ‘Property, plant and equipment’ amounting to $1.43 billion (2025: $1.49 billion) and a 31% decline in ‘Right-of-use assets’ amounting to $33.30 million (2025: $48.58 million), together with a 29% decline in Cash and cash equivalents to $111.63 million (2025: $157.04 million); these were partly offset by a 130% increase in Receivables to $70.54 million (2025: $30.73 million).

Shareholder’s equity was $898.20 million (2025: $898.58 million), representing a book value per share of $1.04 (2025: $1.04).

Disclaimer:

Analyst Certification -The views expressed in this research report accurately reflect the personal views of Mayberry Investments Limited Research Department about those issuer (s) or securities as at the date of this report. Each research analyst (s) also certify that no part of their compensation was, is, or will be, directly or indirectly, related to the specific recommendation (s) or view (s) expressed by that research analyst in this research report.

Company Disclosure -The information contained herein has been obtained from sources believed to be reliable, however its accuracy and completeness cannot be guaranteed. You are hereby notified that any disclosure, copying, distribution or taking any action in reliance on the contents of this information is strictly prohibited and may be unlawful. Mayberry may affect transactions or have positions in securities mentioned herein. In addition, employees of Mayberry may have positions and effect transactions in the securities mentioned herein.