Old Market Capital Corporation Reports 7% Revenue Growth to $3.2 Million in Q3 2025

Old Market Capital Corporation (OMCC) reported a total revenue of $3.2 million for the three months ended September 30, 2025, marking a 7% increase from $3 million in the same period last year. The growth was primarily driven by a rise in broadband subscribers, with wireless internet services generating $1.7 million and fiber internet services contributing $1 million. For the six months ended September 30, 2025, total revenue reached $6.2 million, significantly up from $3.4 million in the prior year, reflecting the full consolidation of Amplex following its acquisition in June 2024.

Operating expenses for the third quarter decreased slightly to $4.1 million from $4.2 million year-over-year, with general and administrative expenses dropping by 21% to $2.2 million. This reduction was attributed to the absence of restructuring costs related to the Amplex acquisition that were incurred in the previous year. However, depreciation and amortization expenses increased to $0.9 million, reflecting the expanded asset base from the acquisition. The company reported a net loss attributable to common shareholders of $0.75 million for the quarter, compared to a loss of $0.68 million in the prior year.

OMCC's operational metrics indicate a strategic shift following the acquisition of Amplex, which now serves approximately 13,400 broadband customers, including 5,400 fiber subscribers. The company has also completed over 15,000 fiber passings, enhancing its service capabilities in Northwest and North Central Ohio. The acquisition has positioned OMCC to leverage growth in the telecommunications sector, particularly in broadband services.

The company’s balance sheet as of September 30, 2025, showed total assets of $81.1 million, up from $77.7 million at the end of the previous fiscal period. Current liabilities increased to $5 million, primarily due to higher accounts payable and accrued expenses. OMCC's long-term debt stood at $3.3 million, reflecting a significant increase from $0.8 million, largely due to the financing arrangements related to the Amplex acquisition and ongoing investments in infrastructure.

Looking ahead, OMCC plans to continue expanding its fiber network and exploring additional acquisitions to enhance shareholder value. The company has also initiated a remediation plan to address identified weaknesses in its internal controls over financial reporting, aiming to improve operational efficiency and compliance. The management remains optimistic about the future, anticipating that the strategic initiatives will yield positive results in the coming quarters.