Company: INTG
Filing Date: 2025-09-30
Form Type: 10-K
Source: 0001493152-25-016154
Chunk: 76

Company: INTERGROUP CORP
Filing Date: 2025-09-30
Form: 10-K
Item: Item 1
Chunk 76
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of liquidity.

For
the year ended June 30, 2025, consolidated net cash provided by operating activities was $5,893,000. In response to ongoing market pressures
at the Hotel, Portsmouth continued capital-preservation initiatives (including deferral of non-essential projects, selective service
reductions, vendor negotiations and other controllable cost actions) while investing in property enhancements, incurring $2,252,000 of
Hotel capital expenditures, including the renovation of 14 rooms previously used as administrative offices back to guest-room inventory.
During the same period, InterGroup made $1,739,000 of capital improvements across its multi-family and commercial real estate portfolio.

As
of June 30, 2025, the Company had:

●Cash
                                            and cash equivalents of $5,092,000 (including $8,000 classified as held for sale) (compared
                                            to $4,333,000 as of June 30, 2024),

●Restricted
                                            cash of $10,103,000 (including $45,000 classified as held for sale) (compared to $4,361,000
                                            as of June 30, 2024), and

●Marketable
                                            securities, net of margin balances, of $969,000 (compared to $7,266,000 as of June 30, 2024).

Marketable
securities are considered liquid and available for near-term needs, subject to market risk and any account-level margin requirements.
Restricted cash primarily reflects lender-controlled reserves at Portsmouth (e.g., taxes, insurance, FF&E) and funds held under the
Hotel’s cash-management arrangements and is not available for InterGroup’s general corporate purposes.

Related
Party Financing

InterGroup
maintains access to an unsecured related-party facility with Portsmouth as previously disclosed; however, the Hotel is currently self-funded
under its lender-controlled cash-management structure, and no additional borrowings were required by Portsmouth to fund Hotel operations
following the March 28, 2025 refinancing. The initial facility, dated July 2, 2014, has undergone several amendments.

In
March 2025, the facility was amended to:

  ●
  Increase
the available borrowing capacity to $40,000,000, and

  ●
  Extend
the maturity date to July 31, 2027.

In
May 2025, the facility was amended to:

●Reduce
                                            the interest rate