National CineMedia reports $1.6 million net income for Q3 2025

Item 1.

Unaudited Financial Statements

1

Unaudited Condensed Consolidated Balance Sheets

1

Unaudited Condensed Consolidated Statements of Operations

2

Unaudited Condensed Consolidated Statements of Cash Flows

3

Unaudited Condensed Consolidated Statements of Equity

5

Notes to Unaudited Condensed Consolidated Financial Statements

6

Item 1. Financ ial Statements

NATIONAL CINEMEDIA, INC. AND SUBSIDIARIES CONDENSED CONSOLIDAT ED BALANCE SHEETS

(In millions, except share and per share data)

(UNAUDITED)

As of

ASSETS

CURRENT ASSETS:

Cash and cash equivalents

$

29.9

$

75.1

Restricted cash

3.0

3.0

Short-term marketable securities

—

0.1

Receivables, net of allowance of $ 1.1 and $ 1.2 , respectively

59.1

85.3

Amounts due from ESA Parties

—

10.6

Prepaid expenses and other current assets

3.7

3.8

Total current assets

95.7

177.9

NON-CURRENT ASSETS:

Property and equipment, net of accumulated depreciation of $ 8.0 and $ 4.8 , respectively

17.1

16.4

Intangible assets, net of accumulated amortization of $ 78.3 and $ 52.8 , respectively

314.4

350.8

Other investments

7.1

3.8

Debt issuance costs, net

0.8

1.6

Other assets

16.8

18.1

Total non-current assets

356.2

390.7

TOTAL ASSETS

$

451.9

$

568.6

LIABILITIES AND EQUITY CURRENT LIABILITIES:

Amounts due to ESA Parties, net

$

3.4

$

3.8

Payable under the TRA

4.1

4.1

Accrued expenses

2.2

1.6

Accrued payroll and related expenses

8.4

15.6

Accounts payable

20.8

23.0

Deferred revenue

9.6

23.6

Other current liabilities

2.0

1.8

Total current liabilities

50.5

73.5

NON-CURRENT LIABILITIES:

Long-term debt

—

10.0

Payable under the TRA

38.4

59.9

Long-term lease liabilities

11.0

12.5

Other long-term liabilities

1.5

1.5

Total non-current liabilities

50.9

83.9

Total liabilities

101.4

157.4

COMMITMENTS AND CONTINGENCIES (NOTE 8) EQUITY:

NCM, Inc. Stockholders' Equity:

Preferred stock, $ 0.01 par value; 10,000,000 shares authorized, 50 issued and outstanding

—

—

Common stock, $ 0.01 par value; 260,000,000 shares authorized, 93,722,031 and 95,755,491 issued and outstanding, respectively

2.5

2.5

Additional paid in capital

134.5

127.8

Retained earnings

213.5

280.9

Total NCM, Inc. stockholders' equity

350.5

411.2

Noncontrolling interests

—

—

Total equity

350.5

411.2

TOTAL LIABILITIES AND EQUITY

$

451.9

$

568.6

See accompanying notes to the unaudited Co