Old Market Capital (OMCC) Q2 2026 earnings summary

Executive summary

• Transitioned from subprime auto lending to a holding company with a controlling interest in Amplex, a broadband provider in Ohio, following the sale of the finance receivables segment in April 2024.

• Acquired 51% of Amplex in June 2024, increasing ownership to 66.4% by July 2025 through additional investments.

• Amplex serves 13,400 broadband customers, including 5,200 fiber subscribers, as of September 30, 2025.

• Net loss attributable to common shareholders from continuing operations was $1.5 million for the six months ended September 30, 2025, a significant improvement from $4.0 million in the prior year.

• Revenue increased to $6.2 million for the six months ended September 30, 2025, up 80% year-over-year, reflecting full-period Amplex consolidation and broadband growth.

Financial highlights

• Revenue for the three months ended September 30, 2025 was $3.2 million, up 7% year-over-year; six-month revenue was $6.2 million, up 80% year-over-year.

• Adjusted EBITDA rose to $1.6 million from $0.4 million, a 247% year-over-year increase.

• Net loss attributable to common shareholders was $0.8 million for the quarter and $1.5 million for the six months, both improved from prior year periods.

• Depreciation and amortization increased 157% to $1.4 million for the six months, reflecting Amplex asset additions.

• General and administrative expenses decreased 21% for the quarter and 33% for the six months, primarily due to nonrecurring prior-year restructuring and acquisition costs.

Outlook and guidance

• No material commitments for capital expenditures as of September 30, 2025, but plans to continue expanding the fiber network and pursue acquisitions.

• Fiscal year-end changed from March 31 to December 31, effective October 1, 2025, to better align reporting with operations.

• Management continues to explore opportunities to allocate capital to increase shareholder returns and expand into new sectors.