Old Market Capital (OMCC) Q4 2025 earnings summary

Executive summary

• Completed strategic shift by selling consumer finance assets and acquiring Amplex, transitioning focus to telecommunications and holding company structure.

• Amplex acquisition added 13,000 broadband customers and expanded fiber infrastructure in Ohio.

• Fiscal 2025 net loss attributable to common shareholders was $5.1 million, a significant improvement from a $20.8 million loss in fiscal 2024.

• Sale of finance receivables and repossessed assets to Westlake Financial closed in April 2024 for $65.6 million, resulting in a $1.7 million gain.

Financial highlights

• Total revenue for fiscal 2025 was $9.4 million, up from $6.2 million in fiscal 2024, driven by broadband growth.

• Operating expenses rose to $16.3 million in fiscal 2025, mainly due to Amplex integration and restructuring.

• Net loss from continuing operations was $8.4 million in fiscal 2025, compared to $6.1 million in fiscal 2024.

• Net income from discontinued operations was $3.1 million for the nine months, compared to a $15.7 million loss in the prior year.

• Cash and cash equivalents increased to $24.5 million as of March 31, 2025, from $19.0 million a year earlier.

Outlook and guidance

• Management anticipates further integration of Amplex and continued focus on broadband expansion.

• The company is exploring capital allocation for shareholder returns and new sector acquisitions.

• No material commitments for capital expenditures as of December 31, 2024, but future acquisitions remain a priority.