RDI — what changed in the latest 10-Q

Text added vs the prior filing · source: 10-Q · 2026-05-15

• We are encouraged by the improved performance of our cinema business in the first quarter of 2026, which reinforces our confidence in the continued recovery of our operations and the global cinema industry. While macroeconomic challenges remain, our first quarter 2026 results reflect improving indus…

• Certain current macroeconomic conditions continued to present challenges for our cinema operations during the relevant periods, which are listed below:

• The traditional exclusive theatrical release window remains shorter than historic periods, however, the major studios are indicating their intent to return to longer exclusivity periods;

• Significant and ongoing rises in fuel costs, which impact the cost of utilities;

• Increased fixed costs for third party cinema rents, some of which are increasing due to base rent escalations, some of which are fixed and some of which are adjusted by reference to changes in the cost of living index, which are exacerbated by our obligation to also pay deferrals of past rent. We h…

Text removed vs the prior filing · source: 10-Q · 2025-11-14

• As we anticipated, our third quarter of 2025 cinema results decreased compared to third quarter 2024 due to a weaker film slate. The third quarter 2024 movie slate, which included record setting movies such as Deadpool & Wolverine, Beetlejuice Beetlejuice, Despicable Me 4, Twisters, and It Ends with…

• Despite these obstacles, when movies deliver box office results that both exceed industry expectations and set records, such as Demon Slayer: Kimetsu No Yaiba Infinity Casti, Superman and Weapons, our confidence in the future of the theatrical business is reinforced. This occurred again when KPop De…

• As mentioned above, and further discussed in the below, certain current macroeconomic conditions continued to present challenges for our cinema operations during the relevant periods:

• The traditional exclusive theatrical release window continues to face pressure from cable and streaming platforms, as illustrated this quarter by Netflix’s limited release of KPop Demon Hunters for only two days;

• Increased fixed costs for third party cinema rents, some of which are increasing due to base rent escalations, some of which are fixed and some of which are adjusted by reference to changes in the cost of living index, which are exacerbated by our obligation to also pay certain COVID-19 related ren…

Text added vs the prior filing · source: 10-Q · 2026-05-15

• Under the supervision and with the participation of our management, including our principal executive officer and principal financial officer, we conducted an evaluation of the above-mentioned new controls, and our disclosure controls and procedures, as such term is defined under Rule 13a-15(e) prom…

• No change in our internal control over financial reporting (as defined in Rule 13a-15(f) and 15d-15(f) under the Exchange Act) occurred during the first quarter ended March 31, 2026, that has materially affected, or is reasonably likely to materially affect, our internal control over financial repor…

• The information required under Part II, Item 1 (Legal Proceedings) is incorporated by reference to the information contained in Notes to Condensed Consolidated Financial Statements - Note 16 – Commitments and Contingencies included herein in Part I – Financial Information, Item 1 – Financial Stateme…

• For further details on our legal proceedings, please refer to Part I, Item 3 – Legal Proceedings, contained in our 2025 Form 10-K.

• There have been no material changes to the risk factors we previously disclosed in Item 1A of our 2025 Form 10-K.

Text removed vs the prior filing · source: 10-Q · 2025-11-14

• The SEC requires that registrants include information about potential effects of changes in currency exchange and interest rates in their filings. Several alternatives, all with some limitations, have been offered. We base the following discussion on a sensitivity analysis that models the effects of…

• It does not include the effects of other complex market reactions that would arise from the changes modeled.

• Although the results of such an analysis may be useful as a benchmark, they should not be viewed as forecasts.

• While we report our earnings and net assets in U.S. dollars, substantial portions of our revenue and of our obligations are denominated in either Australian or New Zealand dollars. The value of these currencies can vary significantly compared to the U.S. dollar and compared to each other. We do not …

• In recent periods, we have paid material intercompany dividends and have repaid intercompany debt, using these proceeds to fund Operations and capital investment in the United States. Accordingly, our debt levels in Australia are higher than they would have been if funds had not been returned for su…

Text added vs the prior filing · source: 10-Q · 2026-05-15

• Under the supervision and with the participation of our management, including our principal executive officer and principal financial officer, we conducted an evaluation of the above-mentioned new controls, and our disclosure controls and procedures, as such term is defined under Rule 13a-15(e) prom…

• No change in our internal control over financial reporting (as defined in Rule 13a-15(f) and 15d-15(f) under the Exchange Act) occurred during the first quarter ended March 31, 2026, that has materially affected, or is reasonably likely to materially affect, our internal control over financial repor…

• The information required under Part II, Item 1 (Legal Proceedings) is incorporated by reference to the information contained in Notes to Condensed Consolidated Financial Statements - Note 16 – Commitments and Contingencies included herein in Part I – Financial Information, Item 1 – Financial Stateme…

• For further details on our legal proceedings, please refer to Part I, Item 3 – Legal Proceedings, contained in our 2025 Form 10-K.

• There have been no material changes to the risk factors we previously disclosed in Item 1A of our 2025 Form 10-K.

Text removed vs the prior filing · source: 10-Q · 2025-11-14

• As previously disclosed in our Annual Report on Form 10-K for the year ended December 31, 2024, management identified a material weakness in our internal control over financial reporting related to the erroneous reversal and treatment of a liability. This material weakness existed for the periods Ju…

• During the quarter ended September 30, 2025, we completed the remediation plan for this material weakness. Remediation focused on implementing additional internal controls relating to recognition and measurement of significant transactions.

• Under the supervision and with the participation of our management, including our principal executive officer and principal financial officer, we conducted an evaluation of the above-mentioned new controls, and our disclosure controls and procedures, as such term is defined under Rule 13a-15(e) prom…

• Other than the remediation described above, there were no other changes in our internal control over financial reporting (as defined in Rule 13a-15(f) and 15d-15(f) under the Exchange Act) that occurred during the third quarter ended September 30, 2025, that have materially affected, or are reasonab…

• The information required under Part II, Item 1 (Legal Proceedings) is incorporated by reference to the information contained in Notes to Consolidated Financial Statements-- Note 16 – Commitments and Contingencies included herein in Part I – Financial Information, Item 1 – Financial Statements on thi…

Text added vs the prior filing · source: 10-Q · 2026-05-15

• Amendment Deed dated March 31, 2026 between National Australia Bank Limited and Reading Entertainment Australia Pty Ltd.

Text removed vs the prior filing · source: 10-Q · 2025-11-14

• Form of Stock Option Agreement (Employee/Executive Officer) under the 2020 Stock Incentive Plan

Text added vs the prior filing · source: 10-Q · 2026-05-15

• Amendment Deed dated March 31, 2026 between National Australia Bank Limited and Reading Entertainment Australia Pty Ltd.

Text removed vs the prior filing · source: 10-Q · 2025-11-14

• Form of Stock Option Agreement (Employee/Executive Officer) under the 2020 Stock Incentive Plan