Reading International Inc-A 2026年季度报告

FORM 10-Q QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended: March31, 2026ORTRANSITION REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF1934 READING INTERNATIONAL, INC.(Exact name of Registrant as specified in its charter) NevadaState or other jurisdiction of incorporation or organization)189 Second Avenue, Suite 2SNew York, New York(Address of principal executive offices) Registrant’s telephone number, including area code:(213) 235-2240 Securities registered pursuant to Section 12(b) of the Act: Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the SecuritiesExchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports),and (2) has been subject to such filing requirements for the past 90 days. YesNo Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted andposted pursuant to Rule 405 of Regulation S-T (§ 232.405 of this chapter) during the preceding 12 months (or for such shorter periodthat the registrant was required to submit and post such files). YesNo Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smallerreporting company, or an emerging growth company. See definitions of “large accelerated filer,” “accelerated filer,” “smaller reportingcompany,” and “emerging growth company” in Rule 12b-2 of the Exchange Act. Large Accelerated FilerAccelerated FilerNon-Accelerated FilerSmaller Reporting CompanyEmerging Growth Company Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). YesNo Indicate the number of shares outstanding of each of the issuer’s classes of common stock, as of the latest practicable date. As ofMay14, 2026, there were 21,036,670 shares of Class A Nonvoting Common Stock, $0.01 par value per share, and 1,680,590 shares ofClass B Voting Common Stock, $0.01 par value per share, outstanding. READING INTERNATIONAL, INC. AND SUBSIDIARIESTABLE OF CONTENTS PagePART I - Financial Information3Item 1 – Financial Statements3Condensed Consolidated Balance Sheets (Unaudited)3Condensed Consolidated Statements of Operations (Unaudited)4Condensed Consolidated Statements of Comprehensive Income (Loss) (Unaudited)5Condensed Consolidated Statements of Cash Flows (Unaudited)7Condensed Consolidated Statements of Stockholders’ Equity (Unaudited)6Notes to Condensed Consolidated Financial Statements (Unaudited)8Item 2 – Management’s Discussion and Analysis of Financial Condition and Results of Operations27Item 3 – Quantitative and Qualitative Disclosure about Market Risk47Item 4 – Controls and Procedures48PART II – Other Information49Item 1 – Legal Proceedings49Item 1A – Risk Factors49Item 2 – Unregistered Sales of Equity Securities and Use of Proceeds49Item 3 – Defaults Upon Senior Securities49Item 4 – Mine Safety Disclosure49Item 5 – Other Information49Item 6 – Exhibits50SIGNATURES51Certifications (Unaudited; U.S. dollars in thousands) (Unaudited; U.S. dollars in thousands) READING INTERNATIONAL, INC.NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS(Unaudited)As of and for the three Months Ended March31, 2026 NOTE 1 – DESCRIPTION OF BUSINESS AND SEGMENT REPORTING Our CompanyReading International, Inc., a Nevada corporation (“RDI” and collectively with our consolidated subsidiaries and corporate predecessors, the “Company,” “Reading,” and “we,” “us,” or “our”) was incorporated in 1999. Our businesses consist primarily of: the development, ownership, and operation of cinemas in the United States, Australia, and New Zealand; andthe development, ownership, operation and/or rental of retail, commercial and live venue real estate assets in Australia, NewZealand, and the United States. NOTE 2 – LIQUIDITY AND IMPAIRMENT ASSESSMENT Going ConcernWe continue to evaluate the going concern assertion required by ASC 205-40Going Concernas it relates to our Company. The evaluation of the going concern assertion involves considering whether it is probable that our Company has sufficient resources, as atthe issue date of the financial statements, to meet its obligations as they fall due for twelve months following the issue date. Should itbe probable that there are not sufficient resources, we must develop plans to overcome that shortfall. We must then determine whetherit is probable that our plans will be effectively implemented and will mitigate the consequential going concern substantial doubt. We have $35.5 million of debt due in twelve months, cash of $5.5 million and negative working capital of $86.1 million. As a result,we have developed a plan to address and overcome the going concern uncertainty. Our plan is informed by current liquidity positions,