CinemaONE Ltd has delivered a sharp financial recovery for the nine-month period ended June 30, 2026, significantly curtailing losses and capitalising on a booming international box office slate.
Following a sluggish start to the financial year, the T&T theatrical exhibition group narrowed its net revenue gap to a -16 per cent variance against the restated prior year period, closing at $11.1 million compared to $13.2 million for the same period in 2025.
Gross Profit was similarly -14 per cent below at $7.4 million (FY 2025: $8.7 million).
The group’s overall net loss also narrowed to -$4.8 million compared to -$7.8 million, while EBITDA edged up to $3.8 million, marginally outperforming the $3.3 million logged in the prior period.
“With the strong focus on operating cost containment and specifically the critical rationalisation of leased spaces, the Group significantly reduced the Operating Loss with a 73 per cent improvement over the prior year to $-0.6 million (FY 2025: -$2.0 million),” noted CinemaONE’s chairman Brian Jahra in the report for nine months ended June 30, 2026.
He added that alongside restructuring the CINECentral lease at Price Plaza in Chaguanas, “the group successfully restructured its Republic Bank Loan facility at that site by extending the tenor to 10 years at the close of the period.”
The financial stabilisation created a strong foundation for CinemaONE to capitalise on a massive global box office surge.
Driven by a diverse slate of billion-dollar releases—including The Super Mario Galaxy Movie, Toy Story 5, and the Michael biopic—global box office receipts hit US$16.6 billion by the end of June.
The slate offered wide audience appeal, spanning sci-fi entries like Disclosure Day to original horror films Backrooms and Obsession.
While June movie admissions faced temporary competition from the FIFA World Cup, CinemaONE turned the sporting event into a commercial success.
The exhibitor licensed the live World Cup final, broadcasting the match to a sold-out crowd on its large-format IMAX screen and proving the appetite for alternative live programming.
Simultaneously, the group accelerated venue operations by deploying an upgraded eCommerce platform featuring unified seat selection, with online concession pre-ordering launching soon.
The momentum culminated in late July with an all-time record weekend performance driven by Sony’s Spider-Man: Brand New Day and Christopher Nolan’s Universal epic Odyssey, surpassing Avengers: Endgame.
“The outsized weekend results, which surpassed even Avengers EndGame, underscores how great films in immersive theatrical settings have the capacity to emerge as must see events and a true cultural zeitgeist,” Jahra stated, thanking site teams at One Woodbrook Place, Price Plaza, and Gulf City Mall for enabling the historic milestone.
