September 15, 2026
Main Event Entertainment Group Limited (MEEG)
Unaudited financials for the nine months ended July 31, 2026:
Main Event Entertainment Group Limited (MEEG) for the nine months ended July 31, 2026 reported a 48% decrease in Revenue totalling $790.75 million compared to $1.52 billion in the corresponding period last year. Revenue for the third quarter declined by 50% to $317.95 million compared to $632.14 million for the comparable quarter of 2025. Management noted that performance continued to be affected by the lingering impact of Hurricane Melissa, reduced event activity, cautious customer spending, event postponements and competitive pricing pressures.
Direct Expenses amounted to $362.73 million (2025: $788.44 million), representing a 54% decrease year over year. Consequently, Gross Profit decreased by 42% to $428.02 million compared to $735.09 million for the nine months ended July 31, 2025. Gross Profit for the third quarter amounted to $171.52 million, compared to $267.61 million reported for the similar quarter of 2025.
Other Operating Income decreased by 30% to $16.64 million from $23.71 million in 2025. Administrative and General Expenses increased marginally by 1% to $491.68 million from $488.97 million in the prior year, while Selling and Promotion Expenses decreased by 64% to $7.04 million from $19.54 million. Depreciation decreased by 19% to $61.11 million from $75.85 million, while Amortisation remained broadly stable at $32.12 million compared to $32.32 million in 2025.
As a result, Total Expenses for the nine months ended July 31, 2026 amounted to $604.77 million, representing a 3% decrease relative to $623.28 million reported in 2025. Despite the lower expenses, the company recorded an Operating Loss of $160.11 million for the nine months ended July 31, 2026, compared to an Operating Profit of $135.52 million in the corresponding period last year. For the third quarter, Operating Loss amounted to $23.95 million, compared to Operating Profit of $56.29 million in the prior year’s quarter.
Finance Costs decreased by 21% to $7.11 million compared to $9.04 million in 2025. Consequently, Loss Before Taxation for the nine months ended July 31, 2026 amounted to $167.22 million, compared to Profit Before Taxation of $126.49 million in the prior year. For the third quarter, Loss Before Taxation amounted to $26.09 million, compared to Profit Before Taxation of $53.48 million in the corresponding quarter of 2025.
The company recorded a Taxation Credit of $31.85 million for the nine months, compared to a Taxation Charge of $15.02 million in 2025. Consequently, Net Loss for the nine months amounted to $135.37 million, compared to Net Profit of $111.46 million in the prior year. For the third quarter, Net Loss amounted to $24.28 million, compared to Net Profit of $47.13 million in the corresponding quarter of 2025.
Consequently, Loss Per Stock Unit for the nine months amounted to $0.45 compared to Earnings Per Stock Unit of $0.37 in 2025, while Loss Per Stock Unit for the third quarter amounted to $0.08 compared to Earnings Per Stock Unit of $0.16 for the corresponding quarter of 2025. The twelve-month trailing Loss Per Share was approximately $0.39, and the number of shares used in these calculations was 300,005,000.
Notably, MEEG’s stock price closed the trading period on September 14, 2026, at $3.52.
Balance Sheet Highlights
The company’s Total Assets amounted to $998.23 million at July 31, 2026, representing a 24% decrease from $1.32 billion in 2025. The decline was mainly driven by Receivables, which fell to $253.72 million from $460.25 million, reflecting lower sales and reduced event-related activity. Cash and Cash Equivalents, including short-term deposits, also declined to $239.25 million from $387.55 million as the company continued to navigate the weaker operating environment.
Shareholders’ Equity decreased to $741.88 million from $993.96 million in 2025, representing a book value per share of approximately $2.47 compared to $3.31 in the prior year.
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