Company: MGLD
Filing Date: 2025-09-19
Form Type: 10-K
Source: 0001493152-25-014286
Chunk: 733

Company: Marygold Companies, Inc.
Filing Date: 2025-09-19
Form: 10-K
Item: Item 7
Chunk 733
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 the decreased operating expenses were an increase in stock-based compensation
expenses of $0.4 million.

Other
(expense) income, net went from a $0.8 million of other income in fiscal year 2024 to a $0.7 million other expense in fiscal year 2025.
The $1.5 million or 186% change was driven by the $1.2 million of interest expense incurred on the $4.4 million loan payable that we took out in September 2024.

Benefit
from income taxes increased by $0.2 million or 13% from fiscal 2024 to fiscal 2025 as a result of the increased loss before income taxes
as described above.

Net
loss of $5.8 million in fiscal 2025 increased by $1.8 million or 43% compared to $4.1 million in fiscal 2024. The increase in net
loss was driven by the decreased profits from our fund management business due to lower average AUM, decreased other income as
described above and offset by improved net overall profits from our other operating segments.

25

SEGMENT
RESULTS OF OPERATIONS

    (in thousands, except percentages) 
    Fiscal 2025  
    Fiscal 2024  
    Percentage Change 
  
    Revenue 

    Fund management - related party 
    $17,135  
    $18,965  
     -10%
  
    Food products 
     6,720  
     7,271  
     -8%
  
    Beauty products 
     2,974  
     3,296  
     -10%
  
    Security systems 
     2,471  
     2,655  
     -7%
  
    Financial services 
     854  
     649  
     32%
  
    Total revenue 
    $30,154  
    $32,836  
     -8%

    Operating Income (Loss) 

    Fund management - related party 
    $3,274  
    $4,773  
     -31%
  
    Food products 
     145  
     321  
     -55%
  
    Beauty products 
     (395) 
     (2,138) 
     -82%
  
    Security systems 
     250  
     325  
     -23%