Cineplex (CGX) investor relations material

Executive summary

• Achieved record second quarter revenues of $383.7 million (CAD 383.7 million), up 9.8–10% year-over-year, with 12.7 million guests, a 9.3% increase in attendance, and the highest grossing week in company history.

• Adjusted EBITDA/EBITDAaL grew by more than 20% to $40.8 million, reflecting strong operating leverage and improved cash flow.

• Net income from continuing operations improved to $8 million, up from $0 in Q2 2025.

• Success driven by a diverse film slate, strong family and original content, increased Gen Z attendance, and robust merchandise sales.

• Opened the 17th Playdium location, expanded loyalty and subscription programs, with Scene+ membership surpassing 15 million.

Financial highlights

• Box office revenue: $176.2 million, up 11.2% year-over-year; food service revenue: $132.5 million, up 11.7%; amusement/LBE revenue: $32.0–33.0 million, down 3.7%.

• Adjusted EBITDA/EBITDAaL: $40.8 million, up 20.4% year-over-year; margin improved to 10.6%.

• Theatre attendance: 12.7 million, up 9.3% year-over-year.

• Box office per patron: $13.91, up 1.7%; concession per patron: $10.26, up 2.2%, both all-time records.

• Adjusted free cash flow increased 41.2% to $23.8 million.

Outlook and guidance

• Management expects sustainable growth and long-term shareholder value, supported by a robust and diversified film slate through 2027.

• Full-year capital expenditure guidance remains at approximately $50 million for 2026 and $60 million for 2027.

• Target leverage ratio of 2.5x–3x expected by Q4 2026, with a 1.5x reduction since 2024.

• Capital allocation priorities include debt reduction, shareholder returns, and strategic investments in high-margin opportunities.

• Ongoing focus on free cash flow generation and leveraging premium formats and live events.