The Marygold Companies, Inc. (NYSE American: MGLD) reported net income of $1.8 million, or $0.04 per share, for its fiscal first quarter ended September 30, 2026, a sharp turnaround from a net loss of $0.4 million, or $0.01 per share, in the prior-year period. The results, announced via NEWMEDIAWIRE, underscore a dramatic improvement in the company's core financial services operations and arrive as the global holding firm prepares to be acquired by funds managed by Madison Dearborn Partners for $2.00 per share.
Revenue from continuing operations rose to $9.4 million for the quarter, compared with $5.2 million a year earlier. The increase was fueled primarily by the company's largest operating unit, USCF Investments, where revenue nearly doubled to $8.4 million from $4.3 million. Average assets under management at USCF Investments also nearly doubled, reaching $5.5 billion from $2.9 billion, reflecting energy price volatility tied to geopolitical events in the Middle East and Eastern Europe.
David Neibert, Chief Operations Officer, attributed the revenue and income gains to increased activity in energy-related exchange-traded funds, partly due to the Iran war. He also noted that the company's UK investment advisory businesses reduced their net loss to $0.1 million from $0.4 million, as expenses tied to a mobile fintech banking app now on pause fell significantly. Net income from continuing operations was $1.7 million, versus a $0.5 million loss a year ago.
The company's balance sheet 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 matter because they demonstrate that Marygold's core USCF business is generating substantial cash flow and profit at precisely the moment the company has agreed to be taken private. The $2.00-per-share merger price represents a 100% premium over the closing share price on September 24, 2026, the day before the agreement was announced. The transaction is expected to close in the first half of 2027, subject to customary closing conditions.
Marygold also operates several other subsidiaries. Gourmet Foods, a commercial bakery producing meat pies and pastries, and Printstock Products, a specialized food-wrapper printer, are both based in New Zealand and have been classified as discontinued operations. Original Sprout, a hair and skin care products maker, continues as part of the company's ongoing portfolio. In the UK, Marygold operates through Marygold & Co. (UK) Limited, which includes Tiger Financial and Asset Management and Step-by-Step Financial Planners, managing clients' financial wealth across a diverse product range. The company's corporate headquarters are in San Clemente, California, with offices and manufacturing operations in the U.S., New Zealand, and the U.K.
For investors, the first-quarter results provide reassurance that the buyout is not rescuing a failing business but rather capturing a profitable enterprise at a steep premium. The strong performance at USCF, combined with cost reductions in the UK, suggests the company's underlying value is intact, even as it prepares to exit public markets. The original release can be viewed through www.newmediawire.com.
