$RDI

READING INTERNATIONAL INC

CIK:0000716634|SEC Filings

Condensed Consolidated Statements Of Operations - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2026	Jun. 30, 2025
Revenue
Total revenue	$ 66,896	$ 60,378	$ 112,020	$ 100,547
Costs and expenses
Depreciation and amortization	(3,171)	(3,380)	(6,401)	(6,756)
General and administrative	(4,402)	(5,384)	(9,148)	(10,537)
Total costs and expenses	(59,419)	(57,487)	(108,174)	(104,548)
Operating income (loss)	7,477	2,891	3,846	(4,001)
Interest expense, net	(4,320)	(4,354)	(8,549)	(9,096)
Gain (loss) on sale of assets		1,872		8,398
Other income (expense)	294	(2,273)	(194)	(2,607)
Income (loss) before income tax expense and equity earnings of unconsolidated joint ventures	3,451	(1,864)	(4,897)	(7,306)
Equity earnings of unconsolidated joint ventures	360	285	431	308
Income (loss) before income taxes	3,811	(1,579)	(4,466)	(6,998)
Income tax benefit (expense)	(1,497)	(1,225)	(1,354)	(753)
Net income (loss)	2,314	(2,804)	(5,820)	(7,751)
Less: net income (loss) attributable to noncontrolling interests	44	(137)	57	(328)
Net income (loss) attributable to Reading International, Inc.	$ 2,270	$ (2,667)	$ (5,877)	$ (7,423)
Basic earnings (loss) per share	$ 0.10	$ (0.12)	$ (0.26)	$ (0.33)
Diluted earnings (loss) per share	$ 0.10	$ (0.12)	$ (0.26)	$ (0.33)
Weighted average number of shares outstanding-basic	22,757,618	22,708,206	22,738,180	22,586,019
Weighted average number of shares outstanding-diluted	23,842,505	22,708,206	22,738,180	22,586,019
Cinema [Member]
Revenue
Total revenue	$ 62,990	$ 56,782	$ 104,451	$ 93,186
Costs and expenses
Costs and expenses	(49,910)	(46,883)	(88,803)	(83,460)
Real Estate [Member]
Revenue
Total revenue	3,906	3,596	7,569	7,361
Costs and expenses
Costs and expenses	$ (1,936)	$ (1,840)	$ (3,822)	$ (3,795)

Condensed Consolidated Statements Of Cash Flows $ in Thousands	3 Months Ended	6 Months Ended
	Jun. 30, 2025 USD ($)	Jun. 30, 2026 USD ($)	Jun. 30, 2025 USD ($)
Operating Activities
Net income (loss)	$ (2,804)	$ (5,820)	$ (7,751)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Equity earnings of unconsolidated joint ventures	(285)	(431)	(308)
Distributions of earnings from unconsolidated joint ventures		351	333
(Gain) loss recognized on foreign currency transactions		137	2,652
(Gain) loss on sale of assets	(1,872)		(8,398)
Amortization of operating leases		9,756	12,155
Amortization of finance leases	10		21
Change in operating lease liabilities		(11,422)	(10,975)
Change in net deferred tax assets		(670)	(238)
Depreciation and amortization		6,401	6,756
Other amortization		629	584
Stock based compensation expense		799	1,130
Net changes in operating assets and liabilities:
Receivables		(1,020)	2
Prepaid and other assets		(618)	(4,141)
Payments for accrued pension		(342)	(342)
Accounts payable and accrued expenses		3,243	4,802
Film rent payable		(1,203)	(1,558)
Taxes payable		1,006	(306)
Deferred revenue and other liabilities		(114)	(569)
Net cash provided by (used in) operating activities		682	(6,151)
Investing Activities
Purchases of and additions to operating and investment properties		(1,389)	(635)
Contributions to unconsolidated joint ventures		(29)
Proceeds from sale of assets			38,441
Net cash provided by (used in) investing activities		(1,418)	37,806
Financing Activities
Repayment of borrowings		(4,311)	(33,843)
Repayment of finance lease principal			(21)
Capitalized borrowing costs		(6)	(837)
(Cash paid) proceeds from the settlement of employee share transactions		(109)	(182)
Net cash provided by (used in) financing activities		(4,426)	(34,883)
Effect of exchange rate on cash and restricted cash		263	101
Net increase (decrease) in cash and cash equivalents and restricted cash		(4,899)	(3,127)
Cash and cash equivalents and restricted cash at the beginning of the period		12,858	15,082
Cash and cash equivalents and restricted cash at the end of the period	11,955	7,959	11,955
Cash and cash equivalents and restricted cash consists of:
Cash and cash equivalents	9,073	5,680	9,073
Restricted cash	2,882	2,279	2,882
Total	$ 11,955	7,959	11,955
Supplemental Disclosures
Interest paid		7,644	8,130
Income taxes (refunded) paid		1,008	2,002
Non-Cash Transactions
Additions to operating and investing properties through accrued expenses		$ 424	$ 420

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2026	Dec. 31, 2025
Current Assets:
Cash and cash equivalents	$ 5,680	$ 10,531
Restricted cash	2,279	2,327
Receivables	5,627	4,553
Inventories	1,738	1,664
Prepaid and other current assets	7,332	2,281
Asset groups held for sale	24,451	460
Total current assets	47,107	21,816
Operating properties, net	181,125	207,974
Operating lease right-of-use assets	158,851	159,659
Investment in unconsolidated joint ventures	3,491	3,264
Goodwill	24,864	24,603
Intangible assets, net	1,521	1,576
Deferred tax asset, net	3,406	2,619
Other assets	9,045	13,418
Total assets	429,410	434,929
Current Liabilities:
Accounts payable and accrued liabilities	56,494	52,826
Film rent payable	5,877	6,973
Debt - current portion	80,228	35,999
Subordinated debt - current portion	27,728
Derivative financial instruments - current portion		56
Taxes payable - current	1,559	545
Deferred current revenue	11,018	11,327
Operating lease liabilities - current portion	20,837	20,081
Other current liabilities	745	774
Total current liabilities	204,486	128,581
Debt - long-term portion	68,559	114,350
Subordinated debt, non-current portion		27,617
Noncurrent tax liabilities	6,397	6,434
Operating lease liabilities - non-current portion	159,842	162,919
Other liabilities	13,267	13,126
Total liabilities	452,551	453,027
Commitments and contingencies (Note 16)
Stockholders' equity:
Additional paid-in capital	156,142	155,454
Retained earnings/(accumulated deficit)	(134,807)	(128,930)
Treasury shares, at cost	(40,407)	(40,407)
Accumulated other comprehensive income	(4,531)	(4,614)
Total Reading International, Inc. stockholders’ equity	(23,343)	(18,239)
Noncontrolling interests	202	141
Total stockholders’ equity	(23,141)	(18,098)
Total liabilities and stockholders’ equity	429,410	434,929
Class A [Member]
Stockholders' equity:
Common stock	243	241
Class B [Member]
Stockholders' equity:
Common stock	$ 17	$ 17