February 2, 2026
Main Event Entertainment Group Limited (MEEG)
Audited financials for the year ended October 31, 2025:
Main Event Entertainment Group Limited (MEEG) for the year ended October 31, 2025, reported a 8% increase in Revenues totaling $1.85 billion compared to $1.72 billion in the corresponding period last year. Revenues for the fourth quarter had a 11% increase to close at $323.38 million compared to $291.21 million for the comparable quarter of 2024.
Cost of Sales amounted to $1.01 billion (2024: $861.98 million), this represents an increase of 17% year over year. Consequently, gross profit decreased by 2% to $841.26 million compared to $855.62 million for the year ended October 31, 2024. The company booked gross profit of $106.17 million for the fourth quarter versus $136.06 million reported for the similar quarter of 2024.
Administrative and general expenses increased by 10% to close at $680.60 million (2024: $619.24 million), while Depreciation cost decreased by 4% from $105.59 million in 2024 to $101.16 million in the period under review. As a result, total expenses for the year ended October 31, 2025, amounted to $859.95 million, a 10% increase relative to $784.73 million reported in 2024.
Operating Profit for the year ended October 31, 2025, amounted to $5.73 million, a 94% decrease relative to $93.44 million reported in 2024. Operating loss for the fourth quarter amounted to $129.79 million (2024: Loss of $82.23 million).
Finance costs totalled $11.94 million a 1% decrease from the corresponding period last year. (2024: $12.12 million).
Loss Before Taxation for the year ended October 31, 2025, amounted to $6.21 million, relative to $81.33 million Pre-tax profit reported in 2024. Loss Before Taxation for the fourth quarter amounted to $132.69 million (2024: Pre-tax loss of $85.62 million).
Taxation credit for the year ended October 31, 2025, amounted to $952,000 (2024: Tax charge of $11.23 million). As such, Net Loss for the year amounted to $5.25 million, a 107% decrease from the $70.09 million Net profit reported in 2024. For the fourth quarter, Net Loss was $116.72 million (2024: Net loss $78.93 million).
Consequently, Loss Per Share for the year amounted to $0.02 (2024: EPS: $0.23), while Loss Per Share for the quarter totaled $0.39 (2024: LPS: $0.26). The twelve-month trailing LPS was $0.02, and the number of shares used in these calculations was 300,005,000.
Notably, MEEG’s stock price closed the trading period on January 30, 2025, at a price of $7.70.
Balance Sheet Highlights
The company’s assets totalled $1.17 billion (2024: $1.20 billion). The movement in total assets was primarily due to a $74.72 million downturn in non-current assets and a $52.73 million increase in current assets.
Shareholder’s equity was $877.25 million (2024: $882.50 million), representing a book value per share of $2.92 (2024: $2.94).
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