Value Line (VALU) investor relations material

Executive summary

• Core business focuses on investment publications, proprietary research, and licensing intellectual property to third parties for managed investment products.

• Maintains significant non-voting revenue and profit interests in EAM, the investment adviser to Value Line Funds, but does not control EAM's operations.

• Publishing is the sole reportable segment, serving individual and institutional investors primarily in the U.S.

• Retained earnings increased 1.1% to $123,949,000 as of July 31, 2026, compared to April 30, 2026.

• Shareholders' equity rose 1.2% to $109,166,000 as of July 31, 2026.

Financial highlights

• Net income for the quarter ended July 31, 2026 was $4.66 million ($0.50 per share), down 27.9% year-over-year, mainly due to lower income from EAM trust.

• Total publishing revenues were $8.05 million, a 6.4% decrease year-over-year; print revenues fell 11.6%, digital revenues fell 2.8%.

• Copyright fees declined 7.7% to $2.28 million.

• Non-voting revenues and profits interests from EAM Trust totaled $3.88 million, down 24.3% year-over-year.

• Investment gains were $1.47 million, a 27.1% decrease from the prior year.

Outlook and guidance

• Management expects sufficient liquidity and no need for borrowings in the next twelve months.

• Dividend payments are expected to continue; no changes to capital allocation strategy indicated.

• No specific forward guidance provided, but management notes ongoing risks from market, economic, and regulatory factors.

• Forward-looking statements highlight potential for material differences in future results due to various risks and uncertainties.