Financial Performance & Guidance - IMAX reported a 24% year-over-year growth in global box office, reaching $579 million in the first half of 2025[87] - The company's total adjusted EBITDA margin was 426% in the first half of 2025[87] - IMAX projects full-year 2025 box office to exceed $12 billion[31] - The company anticipates installing 150-160 systems in 2025, an increase from the initial guidance of 145-160[31] - IMAX expects a total adjusted EBITDA margin in the low 40s for 2025[31] Network Growth & Expansion - The IMAX commercial network has a footprint of 1,750 systems across 89 countries and territories[11] - The company has a significant backlog of 501 IMAX systems[11] - International expansion, excluding Greater China, has seen over 28% network growth since 2019[14] Content & Programming - IMAX anticipates a record of over 14 Filmed for IMAX titles in 2025[11] - Local language content is growing, with over 60 titles expected in 2025[77] - First half 2025 IMAX local language box office is already over 50% higher than FY 2024[73] Capital Allocation - IMAX has repurchased 19% of its outstanding shares since 2020[11] - The company's share repurchase authorization was increased in June 2025, with $251 million available under the program[108]

Financial Performance & Growth - IMAX reported a 40% growth in global box office market share from 2018 through 1Q25[11] - The company's 1Q25 Total Adjusted EBITDA margin was 43%[11], exceeding the FY25 guidance of 40%+[96] - IMAX projects over $12 billion in IMAX Box Office revenue for 2025[36] - The company has repurchased 19% of shares outstanding since 2020[11, 124] Network Expansion & Backlog - IMAX's global network scale includes 1,738 systems[11] across 89 countries and territories[11, 38] - The company has a contracted IMAX system backlog of 516 systems[11, 42] - International markets (excluding China) have seen over 27% network growth since pre-pandemic (year-end 2019 to March 31, 2025)[14] Content & Strategy - IMAX is increasing its connection with studios and filmmakers, expecting a record 11 Filmed For IMAX (FFI) Hollywood titles in 2025[11] - The company expects over 60 local language titles in 2025, demonstrating a 27% CAGR from 2019-2024[86, 87] - IMAX is partnering with streaming platforms to eventize and launch content[75] Financial Position - As of March 31, 2025, IMAX has $4015 million in total liquidity[117] - The company's net debt to TTM Total Adjusted EBITDA is 128x[119]