Cineplex Reports Fourth Quarter and Annual 2025 Results
Executive Summary
- Cineplex reported FY 2025 results with Adjusted EBITDAaL of $91.6 M (up from $89.9 M) and a net loss of $36.9 M, an improvement of $67.3 M versus 2024.
- Completed the sale of Cineplex Digital Media for cash proceeds of $70 M, which funded the repurchase of 636,602 common shares under its NCIB program.
- Announced board changes: retirement of Robert Bruce and appointment of Sean McGuckin (effective Feb 10 2026).
Key Details
- Financial Highlights – Full Year 2025
- Total revenues: $1,284.8 M (+0.8 % YoY)
- Theatre attendance: 42.2 M (‑1.8 % YoY)
- Net loss from continuing operations: $(36.9 M) (‑64.6 % YoY)
- Adjusted EBITDAaL: $91.6 M (+1.7 % YoY)
- Adjusted EBITDAaL margin: 7.1 % (unchanged YoY)
-
Cash provided by operating activities: $122.0 M (‑18.2 % YoY)
-
Quarterly Highlights – Q4 2025
- Total revenues: $334.8 M (‑1.8 % QoQ)
- Net loss from continuing operations: $(3.3 M) (↑423 % QoQ)
-
Adjusted EBITDAaL: $35.6 M (‑11.6 % QoQ)
-
Per‑Patron Metrics
- Box office per patron (BPP): $13.29 FY 2025 (record, +1.5 %)
-
Concession per patron (CPP): $9.72 FY 2025 (record, +2.6 %)
-
Segment Performance
- Film Exhibition box‑office revenue: $560.6 M (‑0.3 % YoY)
- Cinema Media revenue: $89.5 M (+13.1 % YoY) – record cinema media per patron of $2.12
-
Location‑Based Entertainment revenue: $141.9 M (+10.3 % YoY)
-
Strategic Transactions
- Sale of Cineplex Digital Media (“CDM”) – cash proceeds $70 M; gain on disposal $3.3 M (net of taxes).
-
NCIB share repurchase: 636,602 shares cancelled for $7.0 M.
-
Board Changes
- Robert Bruce resigned (effective Dec 15 2025).
- Sean McGuckin appointed to Board (effective Feb 10 2026); former Group Head & CFO at Scotiabank.
-
Additional recent appointments: Rania Llewellyn, Kevin Johnson.
-
Operational Updates
- Closed two theatre locations as part of portfolio optimization.
- CineClub subscription base exceeded 228,000 members.
- New “Monday Surprise Premieres” event launched.
-
Planned new Playdium venue in Vaughan, Ontario – target opening summer 2026.
-
Forward‑Looking Statements
- Management expects a stronger 2026 film slate with multiple tentpole releases and continued focus on premium formats to drive growth.
Notable Quotes
“Moviegoers continue to demonstrate that nothing compares to the shared experience of watching immersive content at our theaters… International programming delivered its highest contribution on record and premium experiences delivered their highest share of our box office since 2018.” – Ellis Jacob, President & CEO
The above information is extracted directly from Cineplex Inc.’s February 11 2026 earnings release and reflects material financial and corporate developments for FY 2025.