SAN CLEMENTE, CA - November 6, 2026 (NEWMEDIAWIRE) - The Marygold Companies, Inc. (the “Company” or “Marygold”) (NYSE American: MGLD), a global holding firm with a focus on financial services, today reported financial results for its first fiscal quarter ended September 30, 2026. 

Revenue for the three months ended September 30, 2026 rose to $9.4 million, excluding $1.5 million in revenue from the Company’s New Zealand subsidiaries which have been classified as discontinued operations, as compared with $5.2 million for the three months ended September 30, 2025.

Marygold reported net income from continuing operations of $1.7 million for the most recent fiscal first quarter versus a net loss from continuing operations of $0.5 million in last year’s first quarter. Net income for the fiscal 2027 first quarter amounted to $1.8 million, equal to $0.04 per share, compared with a net loss of $0.4 million, or $0.01 per share, a year ago.

The Company’s balance sheet remained strong at the close of the fiscal 2027 first quarter, with  cash and cash equivalents of $4.5 million; total assets of $25.4 million, and total stockholders’ equity of $20.9 million, all improved since the prior fiscal year-end.  

David Neibert, Chief Operations Officer, said, “Revenues and income increased significantly for the first quarter, primarily reflecting the increased activity in energy related ETFs, due in part to the Iran war. Our other non-financial services operations, including discontinued operations in New Zealand, were also profitable during the first quarter. However, our UK investment advisory businesses recorded a net loss of $0.1 million for the quarter as compared with a net loss of $0.4 million for the prior year quarter, showing a significant reduction in expenses associated with the mobile fintech banking app now on pause.

“The Company’s largest operating unit, USCF Investments, delivered strong growth during the first quarter, with revenue nearly doubling to $8.4 million from $4.3 million a year ago. The increase is attributed primarily to the increase in average assets under management, which also nearly doubled to $5.5 billion from $2.9 billion in the prior year quarter. The growth reflected energy price volatility associated with geopolitical events in the Middle East and Eastern Europe, as well as economic uncertainty affecting inventory and demand.”

Nicholas Gerber, Chief Executive Officer, added, “During the quarter, the Company announced it had entered into a definitive merger agreement under which funds managed by Madison Dearborn Partners will acquire all of the outstanding shares of The Marygold Companies for $2.00 per share, representing a premium of 100% over the Company’s closing share price on September 24, 2026, the day before the agreement was announced. The transaction is expected to close during the first half of 2027, or earlier, upon satisfaction of a number of closing conditions that are usual and customary for transactions of this nature.”

Business Units

The Company’s USCF Investments subsidiary, https://www.uscfinvestments.com/, acquired in 2016 and based in Walnut Creek, Calif., serves as manager, operator or investment adviser to 16 exchange traded products, structured as limited partnerships or investment trusts that issue shares trading on the NYSE Arca.

Gourmet Foods, https://gourmetfoodsltd.co.nz/, acquired in 2015, is a commercial-scale bakery that produces and distributes iconic meat pies and pastries throughout New Zealand under the brand names Pat’s Pantry and Ponsonby Pies. Acquired by Gourmet Foods in 2020, Printstock Products Limited, https://www.printstock.co.nz, is a printer of specialized food wrappers and is located in Napier, New Zealand. These entities are now classified as “Discontinued Operations” in our Condensed Consolidated Financial Statements.

San Clemente, Calif.-based Original Sprout, www.originalsprout.com, acquired in 2017, produces a full line of hair and skin care products distributed throughout the U.S. and in many regions throughout the world.

Marygold & Co. (UK) Limited, https://marygoldandco.uk/, was established in the U.K. in 2021 and operates through two U.K.-based investment advisory business units: Marygold & Co Limited (fka/Tiger Financial and Asset Management), acquired in 2022, http://www.tfam.co.uk/, and Step-by-Step Financial Planners, acquired in 2024, https://www.sbsfp.co.uk/, that manage clients’ financial wealth across a diverse product range.

About The Marygold Companies, Inc.

The Marygold Companies, Inc. was founded in 1996 and repositioned as a global holding firm in 2015. The Company currently has operating subsidiaries in financial services, food manufacturing, printing, and beauty products, under the trade names USCF Investments, Marygold & Co., Step-By-Step Financial Planners, Marygold & Co. Limited, Gourmet Foods, Printstock Products, and Original Sprout, respectively. Offices and manufacturing operations are in the U.S., New Zealand, and the U.K. For more information, visit www.themarygoldcompanies.com.

Forward-Looking Statements

This press release includes “forward-looking statements” within the meaning of U.S. federal securities laws. Words such as “expect,” “estimate,” “project,” “budget,” “forecast,” “anticipate,” “intend,” “plan,” “may” “will,” “could,” “should” “believes,” “predicts,” “potential,” “continue” and similar expressions are intended to identify such forward-looking statements. Such forward-looking statements, including, but not limited to completion of the transaction under which funds managed by Madison Dearborn Partners will acquire all of the outstanding shares of The Marygold Companies, involve significant risks and uncertainties that could cause the actual results to differ materially from the expected results and, consequently, you should not rely on these forward-looking statements as predictions of future events. Readers should refer to the further detail of the risks disclosed in the Company’s Annual Report on Form 10-K filed with the Securities and Exchange Commission and in the Company’s other filings with the Securities and Exchange Commission. The foregoing list of factors is not exclusive. Readers are cautioned not to place undue reliance upon any forward-looking statements, which speak only as of the date made. Except as required by law, the Company disclaims any obligation to update or publicly announce any revisions to any of the forward-looking statements contained in this press release.

Media and investors, for more information, contact
Roger S. Pondel
PondelWilkinson
310-279-5965
rpondel@pondel.com

Contact the Company
David Neibert, Chief Operations Officer
949-218-8542
dneibert@themarygoldcompanies.com

(Financial Tables Follow)

CONDENSED CONSOLIDATED BALANCE SHEETS
(in thousands, except per share data)
(unaudited)

 

 

September 30,
2026

 

 

June 30,
2026

 

ASSETS

 

 

 

 

 

 

 

 

CURRENT ASSETS

 

 

 

 

 

 

 

 

Cash and cash equivalents

 

$

4,484

 

 

$

2,880

 

Accounts receivable, net (of which $2,871 and $2,684, respectively, due from related parties)

 

 

3,192

 

 

 

2,892

 

Inventories

 

 

941

 

 

 

1,051

 

Prepaid income tax and tax receivable

 

 

300

 

 

 

814

 

Investments, at fair value

 

 

8,109

 

 

 

7,848

 

Assets held for sale

 

 

2,478

 

 

 

2,517

 

Other current assets

 

 

567

 

 

 

513

 

Total current assets

 

 

20,071

 

 

 

18,515

 

Operating lease right-of-use assets

 

 

304

 

 

 

429

 

Deferred tax assets, net

 

 

3,599

 

 

 

3,599

 

Other assets

 

 

1,434

 

 

 

1,436

 

Total assets

 

$

25,408

 

 

$

23,979

 

LIABILITIES AND STOCKHOLDERS’ EQUITY

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

CURRENT LIABILITIES

 

 

 

 

 

 

 

 

Accounts payable and accrued expenses

 

$

3,377

 

 

$

3,364

 

Lease liabilities, current portion

 

 

232

 

 

 

314

 

Liabilities associated with assets held for sale

 

 

758

 

 

 

921

 

Total current liabilities

 

 

4,367

 

 

 

4,599

 

Lease liabilities, net of current portion

 

 

109

 

 

 

154

 

Total liabilities

 

 

4,476

 

 

 

4,753

 

STOCKHOLDERS’ EQUITY

 

 

 

 

 

 

 

 

Preferred stock, par value $0.001; 50,000 shares authorized Series B: 13 shares issued and outstanding at both September 30, 2026 and June 30, 2026

 

 

-

 

 

 

-

 

Common stock, $0.001 par value; 900,000 shares authorized; 42,760 and 42,712 shares issued and outstanding at September 30, 2026 and June 30, 2026, respectively

 

 

42

 

 

 

42

 

Additional paid-in capital

 

 

15,359

 

 

 

15,270

 

Accumulated other comprehensive (loss) income

 

 

(49)

 

 

87

 

Retained earnings

 

 

5,580

 

 

 

3,827

 

Total stockholders’ equity

 

 

20,932

 

 

 

19,226

 

Total liabilities and stockholders’ equity

 

$

25,408

 

 

$

23,979

 

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
(in thousands, except per share data)
(unaudited)

 

 

Quarters Ended September 30,

 

 

 

2026

 

 

2025

 

Revenue

 

 

 

 

 

 

 

 

Fund management - related party

 

$

8,404

 

 

$

4,329

 

Beauty products

 

 

792

 

 

 

671

 

Financial services

 

 

160

 

 

 

208

 

Revenue

 

 

9,356

 

 

 

5,208

 

Cost of revenue

 

 

403

 

 

 

301

 

 

 

 

 

 

 

 

 

 

Gross profit

 

 

8,953

 

 

 

4,907

 

Operating expense

 

 

 

 

 

 

 

 

Fund operations

 

 

2,448

 

 

 

1,525

 

Salaries and compensation

 

 

2,391

 

 

 

2,330

 

General and administrative expense

 

 

1,501

 

 

 

1,942

 

Marketing and advertising

 

 

752

 

 

 

475

 

Total operating expenses

 

 

7,092

 

 

 

6,272

 

Income (loss) from continuing operations

 

 

1,861

 

 

 

(1,365)

Other income:

 

 

 

 

 

 

 

 

Interest and dividend income

 

 

88

 

 

 

84

 

Other income, net

 

 

199

 

 

 

666

 

Total other income, net

 

 

287

 

 

 

750

 

Income (loss) from continuing operations before income taxes

 

 

2,148

 

 

 

(615)

(Provision) benefit from income taxes

 

 

(473)

 

 

153

 

Net income (loss) from continuing operations

 

 

1,675

 

 

 

(462)

Net income from discontinued operations

 

 

78

 

 

 

106

 

Net income (loss)

 

$

1,753

 

 

$

(356)

Weighted average shares of common stock

 

 

 

 

 

 

 

 

Basic

 

 

42,973

 

 

 

42,959

 

Diluted

 

 

42,977

 

 

 

42,959

 

Net income (loss) from continuing operations per common share – basic and diluted

 

$

0.04

 

 

$

(0.01)

Net income (loss) per common share – basic and diluted

 

$

0.04

 

 

$

(0.01)

 

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