The Marygold Companies, Inc. (NYSE American: MGLD), a global holding firm focused on financial services, reported financial results for its first fiscal quarter ended September 30, 2026, showing significant revenue and income growth that underscores the strength of its largest operating unit and the potential impact of a pending acquisition.
Revenue for the quarter rose to $9.4 million, excluding $1.5 million from the company’s New Zealand subsidiaries now classified as discontinued operations, compared with $5.2 million for the same period last year. Net income from continuing operations was $1.7 million versus a net loss of $0.5 million a year earlier. Total net income for the quarter reached $1.8 million, or $0.04 per share, reversing a net loss of $0.4 million, or $0.01 per share, in the prior-year period.
The company’s balance sheet also strengthened, 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. The results, announced via NEWMEDIAWIRE, highlight a business benefiting from volatile energy markets and disciplined cost management.
David Neibert, Chief Operations Officer, attributed the gains primarily to increased activity in energy-related exchange-traded funds (ETFs) at USCF Investments, the company’s largest unit. “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,” Neibert said. USCF Investments, which serves as manager, operator or investment adviser to 16 exchange-traded products, saw revenue nearly double to $8.4 million from $4.3 million, while average assets under management also nearly doubled to $5.5 billion from $2.9 billion. The growth reflected energy price volatility tied to geopolitical events in the Middle East and Eastern Europe, as well as economic uncertainty affecting inventory and demand.
Meanwhile, the company’s UK investment advisory businesses recorded a net loss of $0.1 million, an improvement from a $0.4 million loss in the prior-year quarter, due to reduced expenses associated with its mobile fintech banking app now on pause. Non-financial services operations, including the discontinued New Zealand units, were also profitable during the quarter. More details on USCF Investments can be found at https://www.uscfinvestments.com/.
In a separate development with major implications for shareholders, CEO Nicholas Gerber noted that during the quarter the company entered a definitive merger agreement under which funds managed by Madison Dearborn Partners will acquire all outstanding shares for $2.00 per share. That price represents a 100% premium over the company’s closing share price on September 24, 2026, the day before the announcement. The transaction is expected to close during the first half of 2027, subject to customary closing conditions. The deal could deliver substantial value to investors and reshape the company’s future as a private entity.
The company’s diverse portfolio includes Gourmet Foods, a commercial-scale bakery producing meat pies and pastries under the Pat’s Pantry and Ponsonby Pies brands, and Printstock Products Limited, a printer of specialized food wrappers, both based in New Zealand and now classified as discontinued operations. Other units include Original Sprout, a hair and skin care products maker, and Marygold & Co. (UK) Limited, which operates through two UK-based investment advisory businesses. For more information, visit www.themarygoldcompanies.com.
The strong quarterly performance and the premium buyout offer are likely to be closely watched by investors and industry observers, as they signal both operational momentum in energy-linked financial products and a potential end to Marygold’s run as a publicly traded holding company. The original release is available at www.newmediawire.com.
