Marygold Companies, Inc. reported a revenue increase of 8% for the fiscal year ending June 30, 2026, totaling $25.3 million, compared to $23.4 million in the previous year. This growth was primarily driven by a $4 million increase in revenue from its fund management segment, attributed to a rise in average Assets Under Management (AUM) to $4.1 billion, up from $2.9 billion in fiscal 2025. However, this was partially offset by a $2.5 million revenue decline from the security systems segment following the sale of Brigadier Security Systems in July 2025. The company recorded a net loss of $4.4 million, a 25% improvement from the $5.8 million loss in the prior year.
The company undertook significant strategic changes during the fiscal year, including the decision to divest its Food Products segment, which is now classified as discontinued operations. This decision aligns with management's focus on enhancing its financial services and fund management operations. The Food Products segment, which includes operations in New Zealand, is expected to be sold within twelve months. Additionally, Marygold's U.S. and U.K. financial services segments faced challenges, with the U.K. unit incurring a $2.7 million impairment charge related to goodwill and intangible assets due to increased losses and operational difficulties.
Operationally, Marygold Companies employed 81 individuals across its various business units as of June 30, 2026. The company has paused the development of its fintech app in both the U.S. and U.K. markets due to insufficient consumer adoption, which has impacted revenue generation. The beauty products segment, Original Sprout, reported a 13% revenue increase to $3.4 million, benefiting from improved distribution channels and direct sales strategies. The company continues to focus on enhancing its market share in the beauty products sector while navigating competitive pressures.
Looking ahead, Marygold Companies aims to strengthen its financial services and fund management operations while managing the transition from its discontinued Food Products segment. The company anticipates generating proceeds from the sale of this segment and plans to further reduce funding for its fintech operations. The management remains cautious about market conditions, including geopolitical factors affecting commodity prices, which could influence future AUM and overall financial performance. The company’s working capital position remains strong at $12.3 million, providing a buffer for ongoing operational needs and potential strategic investments.
About Marygold Companies, Inc.
The Marygold Companies, Inc. is a diversified holding company focused on financial services, including ETF management through USCF Investments, and developing fintech applications in the U.S. and U.K. markets. Its core activities involve fund management, asset advisory, and innovative digital banking solutions. The company operates globally with subsidiaries in North America and Europe, emphasizing technology-driven financial products and strategic acquisitions.
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