Reading International (NASDAQ:RDI), a company engaged in cinema exhibition and real estate development, reported its fourth-quarter and full-year 2025 financial results.
Fourth-quarter total revenue decreased to $50.3 million from $58.6 million in the prior-year quarter.
The company recorded a Q4 net loss of $2.6 million.
For the full year 2025, revenue was $203 million and the net loss totaled $14.1 million.
Adjusted EBITDA rose to $17.8 million, benefiting from an $8.4 million gain on asset sales.
During 2025, Reading International completed the sale of its Wellington property in New Zealand for NZ$38 million and its Townsville property in Australia for AU$32 million.
Proceeds from the sales were used to reduce bank debt by approximately $32.1 million.
As of December 31, 2025, the company held $10.5 million in cash and had secured borrowings of $185.1 million.