CinemaONE Group, in its annual report for 2025, revealed an uptick in revenue and improved performance despite larger losses. The losses were attributed to lease charges and financing pressures stemming from accounting rules. The cinema industry, according to Chairman Brian Jahra, is still recovering from the effects of COVID-19 and Hollywood disruptions, triggering a slow growth phase and reevaluation of business models. Despite a 3% rise in admissions and gross revenue, accounting for an increase to $20.5 million from $20.0 million, and a profit gain to $12.7 million from $12.4 million, the net loss expanded to $9.2 million. This was due to a surge in lease depreciation and finance costs owing to new leases. Jahra noted that the revenue growth, although positive, was surpassed by structural costs. The group ended the year with negative working capital after failing to restructure its borrowings, which were then classified as current liabilities.
Join the Trinidad and Tobago WhatsApp update group: https://chat.whatsapp.com/DKueX7ZV35626FbOsKBt03
The Man Behind The Look: Ecliff Elie Dresses Yung Bredda For Caribbean Music Awards
Young Claims Major Point Lisas Operator Has Informed Workers That Layoffs Are Coming
Woman Says Young Boys Robbed Her, Declares Trinidad And Tobago Is No Longer Safe
Olatunji Denies Cocaine And Drug Rumours, Claims Money Was Stolen from him
Port Workers Continue Protests As Safety Concerns Remain Unanswered
Devon X Scott says First Citizens account was emptied, bank gave no answers.