Parks America (PRKA) investor relations material

Executive summary

• Refinanced major loans at Aggieland and Texas Park to fixed rates just under 7%, with Aggieland on a seven-year term and Texas Park securing a $2.33 million loan via an interest rate swap.

• Insurance costs are expected to decrease by 8% next fiscal year due to program changes, reversing prior expectations of a 5% increase.

• Cost of goods sold increased sharply, mainly due to a 40% rise in animal feed prices at Georgia, driven by commodity price spikes since the Iran war.

• Total revenue for the quarter was $3.50 million, up 0.7% year-over-year; year-to-date revenue reached $7.89 million, up 8.8% from the prior year.

• Net income for the quarter was $742,756, down 9.9% from $824,370 in the prior year; year-to-date net income was $736,240, down 4.3% year-over-year.

Segment performance

• Texas Park reduced operating days from seven to five per week, cutting expenses but also seeing lower attendance and revenue; profitability improved due to cost reductions.

• Missouri Park's quarterly revenue rose 27.1% and segment income increased 42.6% on higher attendance and guest spending.

• Georgia Park led with $2.00M in Q3 FY2026 revenue, Missouri Park $848K, Texas Park $649K.

• Segment operating income margins for Q3 FY2026: Georgia 44.6%, Missouri 36.4%, Texas 34.6%.

• Attendance increased slightly at Georgia and Missouri Parks but declined sharply at Texas Park due to reduced operating days and marketing changes.

Financial highlights

• Margins are down year-over-year, mainly due to the impact of Georgia's performance on the overall mix.

• Texas maintained strong EBITDA margins (34-35%) even with attendance declines.

• Gross margin for the quarter was 86.2%, down from 88.4% year-over-year.

• Operating margin for the quarter was 27.4%, down from 32.2% last year.

• Operating cash flow for the nine months was $1.47 million, up from $0.88 million in the prior year.