Cineplex Reports Fourth Quarter and Annual 2025 Results

Core Insights - Cineplex Inc. reported financial results for the year ended December 31, 2025, highlighting a strong performance in guest engagement and box office revenues despite a challenging market environment [1][3][4] Financial Performance - Generated $91.6 million in Adjusted EBITDAaL, an increase from $89.9 million in the previous year [8] - Reported a net loss of $36.9 million, an improvement of $67.3 million compared to a net loss of $104.2 million in the prior year [8] - Annual box office revenues were $560.6 million, a slight decrease of $1.6 million or 0.3% from $562.2 million in the prior year, primarily due to a 1.8% decrease in attendance [18] - Set annual records for Box Office Per Patron (BPP) at $13.29, an increase of 1.5% from $13.09 in the prior year, and Concession Per Patron (CPP) at $9.72, an increase of 2.6% from $9.47 [8][18] Business Segments - International film product contributed 11.2% of total box office revenues, the highest share in Cineplex's history [8] - Premium experiences accounted for 43.2% of total box office revenues, the highest annual percentage since 2018 [8] - Cinema Media revenue grew by 13.1% over the prior year, achieving record cinema media per patron of $2.12 [8][18] Strategic Initiatives - Completed the sale of Cineplex Digital Media (CDM) for gross proceeds of $70 million, which provided funds for share repurchases and improved liquidity [8][24] - Renewed the Normal Course Issuer Bid (NCIB) Program and repurchased 636,602 common shares for cancellation [8][24] - Introduced various attendance-driving initiatives, including VIP tickets at regular admission prices and $5 Tuesdays [18] Leadership Changes - Announced the retirement of Robert Bruce from the Board of Directors and the appointment of Sean McGuckin, former Group Head and CFO at Scotiabank, to the Board [8][9]