Daily Journal Corporation Announces Financial Results for the Nine Months ended June 30, 2025

Financial Performance - Daily Journal Corporation reported consolidated revenues of $59,286,000 for the nine months ended June 30, 2025, an increase of $9,228,000 from $50,058,000 in the prior year period, driven by higher license and maintenance fees, consulting fees, and public service fees from Journal Technologies, as well as increased advertising revenues from the Traditional Business [1] - The Traditional Business' pretax income decreased by $1,364,000 to $237,000, primarily due to increased expenses of $2,290,000, despite a revenue increase of $926,000 [2] - Journal Technologies' pretax income increased by $3,947,000 to $4,692,000, attributed to increased operating revenues of $8,302,000, partially offset by increased operating expenses of $4,355,000 [2] - Consolidated pretax income was $94,396,000, compared to $68,195,000 in the prior fiscal year period, with consolidated net income of $69,986,000 ($50.81 per share) for the nine months ended June 30, 2025, up from $51,385,000 ($37.32 per share) in the prior year [5] Marketable Securities - As of June 30, 2025, the Company held marketable securities valued at $443,011,000, including net pretax unrealized gains of $303,917,000, with a deferred tax liability of $79,260,000 for estimated income taxes due upon the sale of appreciated securities [3] Non-Operating Income - The Company's non-operating income, net of expenses, increased by $23,618,000 to $89,467,000, primarily due to net unrealized gains on marketable securities of $84,320,000, compared to realized and unrealized gains of $62,472,000 in the prior fiscal year [4] - There was also an increase in dividends and interest income of $301,000 to $6,158,000 from $5,857,000 [4] Tax Provision - For the nine months ended June 30, 2025, the Company recorded an income tax provision of $24,410,000 on the pretax income of $94,396,000, resulting in an overall effective tax rate of 25.9% [6]