The Marygold Companies, Inc. (NYSE American: MGLD) reported first fiscal quarter revenue of $9.4 million for the three months ended September 30, 2026, excluding $1.5 million in revenue from its New Zealand subsidiaries now classified as discontinued operations, up from $5.2 million a year earlier, according to results distributed through NEWMEDIAWIRE. The San Clemente, California-based holding company said net income from continuing operations reached $1.7 million, compared with a net loss of $0.5 million in the prior-year first quarter, while total net income came to $1.8 million, or $0.04 per share, versus a net loss of $0.4 million, or $0.01 per share, a year ago.
The swing matters for investors because it shows the company's core financial services engine, not its diversified side businesses, is now driving results. USCF Investments, the company's largest operating unit and manager, operator or adviser to 16 exchange traded products trading on NYSE Arca, saw revenue nearly double to $8.4 million from $4.3 million, with average assets under management also nearly doubling to $5.5 billion from $2.9 billion. Chief Operations Officer David Neibert attributed the growth primarily to increased activity in energy-related ETFs, due in part to the Iran war, along with energy price volatility tied to geopolitical events in the Middle East and Eastern Europe and economic uncertainty affecting inventory and demand.
The company's balance sheet strengthened alongside earnings, with cash and cash equivalents of $4.5 million, total assets of $25.4 million and total stockholders' equity of $20.9 million, all improved since the prior fiscal year-end. The UK investment advisory businesses narrowed their net loss to $0.1 million from $0.4 million, a reduction Neibert linked to lower expenses after the mobile fintech banking app was put on pause. Those advisory units operate as Marygold & Co Limited, formerly Tiger Financial and Asset Management, at http://www.tfam.co.uk/, and Step-by-Step Financial Planners at https://www.sbsfp.co.uk/.
The quarter's most consequential development for shareholders may be the announced definitive merger agreement under which funds managed by Madison Dearborn Partners will acquire all outstanding shares of The Marygold Companies for $2.00 per share, a 100% premium over the closing price on September 24, 2026, the day before the announcement. Chief Executive Officer Nicholas Gerber said the transaction is expected to close during the first half of 2027, or earlier, subject to customary closing conditions. For readers holding or tracking the stock, that premium effectively frames the investment case around deal completion rather than quarterly volatility in energy markets.
The company's remaining operations span beauty products through Original Sprout at www.originalsprout.com and its discontinued New Zealand food and printing businesses, Gourmet Foods at https://gourmetfoodsltd.co.nz/ and Printstock Products at https://www.printstock.co.nz. Neibert noted that these non-financial services operations, including the discontinued New Zealand units, were also profitable during the first quarter. The original release is available at www.newmediawire.com.
