June 11, 2026
Main Event Entertainment Group Limited (MEEG)
Unaudited financials for the six months ended April 30, 2026:
Main Event Entertainment Group Limited (MEEG) for the six months ended April 30, 2026 reported a 47% decrease in Revenues totaling $472.80 million compared to $891.40 million in the corresponding period last year. Revenues for the second quarter had a 15% decrease to close at $261.32 million compared to $306.37 million for the comparable quarter of 2025. Management noted that revenue declined across key segments, including Entertainment and Promotions, Audio, Film, Multimedia and M Style, while Digital Signage recorded growth during the period.
Direct Expenses amounted to $216.30 million (2025: $423.91 million), representing a decrease of 49% year over year. Consequently, Gross Profit decreased by 45% to $256.50 million compared to $467.49 million for the six months ended April 30, 2025. The company booked Gross Profit of $134.00 million for the second quarter versus $165.82 million reported for the similar quarter of 2025.
Other Operating Income decreased by 19% to close at $13.95 million (2025: $17.26 million), while Administrative and General Expenses increased by 3% from $315.87 million in 2025 to $325.98 million in the period under review. Depreciation decreased by 21% to $40.38 million compared to $51.36 million in 2025. As a result, Total Expenses for the six months ended April 30, 2026 amounted to $406.61 million, broadly in line with the $405.51 million reported in 2025.
Operating Loss for the six months ended April 30, 2026, amounted to $136.16 million, compared to Operating Profit of $79.23 million reported in 2025. Operating Loss for the second quarter amounted to $59.31 million compared to an Operating Loss of $8.25 million in the similar quarter of 2025. Finance Costs totalled $4.97 million, a 20% decrease from the corresponding period last year (2025: $6.23 million).
Loss Before Taxation for the six months ended April 30, 2026 amounted to $141.12 million, compared to Profit Before Taxation of $73.00 million reported in 2025. Loss Before Taxation for the second quarter amounted to $61.70 million compared to a Loss Before Taxation of $11.21 million in the similar quarter of 2025.
Taxation credit for the six months ended April 30, 2026 reflected a tax credit of $30.04 million, compared to a taxation charge of $8.68 million reported in 2025. Net Loss for the six months amounted to $111.09 million, compared to Net Profit of $64.33 million reported in 2025. For the second quarter, Net Loss was $45.52 million compared to a Net Loss of $9.34 million in the corresponding quarter of 2025.
Consequently, Loss Per Share for the six months amounted to $0.37 (2025: EPS: $0.21), while Loss Per Share for the quarter totaled $0.15 (2025: LPS: $0.03). The twelve-month trailing LPS was $0.60, and the number of shares used in these calculations was 300,005,000.
Notably, MEEG’s stock price closed the trading period on June 10, 2026, at a price of $6.58.
Balance Sheet Highlights
The company’s assets totalled $1.05 billion (2025: $1.22 billion). The decrease in total assets was mainly driven by lower cash resources, as Deposit Short-Term declined to $180.40 million from $252.59 million, while Cash and Bank Balances fell to $102.59 million from $141.70 million. Property, Plant and Equipment also decreased to $341.84 million from $393.72 million, while Right-of-Use Assets declined to $29.63 million from $59.13 million.
Shareholders’ Equity was $766.16 million (2025: $946.83 million), representing a book value per share of $2.55 (2025: $3.16).
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