Marygold Companies Narrows Annual Loss to $4.4 Million, Revenue Grows 8%

The Marygold Companies, Inc. (NYSE American: MGLD), a diversified global holding firm, reported financial results for the fiscal year and fourth quarter ended June 30, 2026. Revenue for fiscal 2026 grew 8% to $25.3 million, up from $23.4 million in fiscal 2025. The company narrowed its net loss to $4.4 million, or $0.10 per share, compared to a net loss of $5.8 million, or $0.14 per share, in the prior year. The improvement signals progress in the company's efforts to streamline operations and concentrate on its core fund management business.

For the fourth quarter, revenue increased 26% to $6.9 million from $5.5 million in the year-ago quarter. However, the net loss for the quarter widened to $3.7 million, or $0.09 per share, from $1.5 million, or $0.04 per share, a year earlier. This loss primarily reflected a $2.7 million write-off of intangible assets related to the company's UK financial services business and a $0.9 million impairment of an illiquid investment. These non-cash charges, while painful, are part of a broader strategic pivot that management believes will lead to a leaner and more profitable future.

David Neibert, Chief Operations Officer, highlighted the strong performance of USCF Investments, the company's largest operating unit. "USCF Investments delivered strong growth in fiscal 2026, with revenue increasing 23%, fueled by a 41% rise in average assets under management (AUM). Average AUM increased to $4.1 billion for the year, up from $2.9 billion in the prior fiscal year, driven primarily by heightened energy-related commodity prices amid ongoing geopolitical uncertainty," he said. The unit's success underscores the value of focusing resources on high-growth areas. For more information on USCF Investments, visit https://www.uscfinvestments.com/.

Neibert also noted that while higher shipping and raw material costs weighed on margins across consumer-facing subsidiaries, operational improvements helped lower overall losses globally. Original Sprout, a beauty products subsidiary, achieved 13% revenue growth and returned to profitability after a sales strategy overhaul. More details can be found at www.originalsprout.com.

Chief Executive Officer Nicholas Gerber characterized fiscal 2026 as a year of purposeful transformation. "We made disciplined, strategic decisions to strengthen our foundation, concentrate resources on our core fund management businesses, and position the company for long-term success," he said. As part of this process, the company designated its New Zealand subsidiaries as discontinued operations and put them up for sale, sold its Canadian security business, and paused fintech operations in the U.S. and U.K. These moves resulted in substantial non-cash write-offs but are expected to reduce overhead and put the company on a path to profitability in the coming fiscal year. "We are committed to taking the right actions now in order to secure a return for our shareholders in the long-term," Gerber added.

The company's balance sheet showed total assets of $24.0 million at fiscal year-end, down from $30.4 million a year earlier, and stockholders' equity of $19.2 million, compared with $23.0 million. Cash and cash equivalents stood at $2.9 million, down from $5.0 million. The decline in assets and equity reflects the write-offs and divestitures, but also positions the company with a cleaner, more focused portfolio.

Looking ahead, Marygold's ability to return to profitability hinges on continued growth at USCF Investments and the successful turnaround of its remaining consumer-facing businesses. The strategic decisions made in fiscal 2026, while costly in the short term, may ultimately enhance shareholder value by allowing management to concentrate on opportunities with the highest potential. As Gerber noted, the company expects to be on a path to profitability in the coming fiscal year, a key milestone for investors.