Net loss attributable to Reading International, Inc. improved to $14.1 million in 2025 from $35.3 million in 2024, representing a $21.2 million reduction. Total revenues decreased slightly by 3.6% to $202.988 million in 2025, primarily due to a weaker movie slate and cinema closures. Cinema exhibition operating income improved significantly to $3.643 million in 2025 from an operating loss of $2.797 million in 2024. Real estate operating income increased by 26% to $5.917 million in 2025. Strategic real estate monetizations generated $197.5 million in net cash between 2021 and 2025, which was used to reduce debt by $99.9 million, fund $32.4 million in capital improvements, and support operations. Key debt maturities were extended, including the Bank of America credit facility to September 18, 2026, the NAB Corporate Term Loan to July 31, 2030, and the Valley National Bank Loan to October 1, 2026. The company acquired the remaining 25% interest in Sutton Hill Properties, LLC, and the ground lessee interest in Village East Theatre, assuming $13.6 million in long-term debt (fair valued at $7.6 million) and eliminating $7.1 million in short-term payables, resulting in a $2.691 million gain. The average cost of borrowing increased to 7.8% in 2025 from 4.0% in 2019. The company continues to face negative working capital, which increased to $(106.765) million in 2025 from $(104.584) million in 2024.