Canterbury 2025 10-K: $59.6M Revenue, $(0.10) EPS on lower casino and pari‑mutuel results

Canterbury reported fiscal 2025 net revenues of $59.6 million and a net loss of $0.529 million, equivalent to $(0.10) per share diluted, as declines in casino and pari‑mutuel take pressured results. Operating income fell to $2.462 million from $6.433 million a year earlier, reflecting lower hold percentages and increased competition in table games. Management completed key infrastructure projects while increasing marketing and event activity to support visitation. Financial Highlights Total Net Revenues: $59.568 million, decreased 3.2% versus 2024 (driven by casino and pari‑mutuel declines)Gross Profit: $3.177 million (joint ventures combined gross profit noted; consolidated report shows operating income reconciliation)Income from Operations: $2.462 million, down from $6.433 million in 2024Net (Loss) Income: $(0.529) million, versus $2.113 million in 2024Basic and Diluted Net Income (Loss) per Share: $(0.10) basic and $(0.10) diluted, versus $0.42 in 2024 Business Highlights Revenue Trend: Net revenues declined 3.2% in 2025 to $59.6 million, attributable to lower casino and pari‑mutuel take.Channel Shift: Casino revenue fell 4.4% as increased table‑game competition and lower hold percentages reduced gaming receipts.Live Racing Momentum: Pari‑mutuel revenue declined 6.6% due to smaller fields and fewer live race days; the company supported field size through purse guarantees.Operational Investments: Completed phase three barn relocation and redevelopment; advanced TIF‑funded infrastructure improvements and related receivable collections.Brand & Events: Food and beverage revenue rose 3.5%; marketing spend increased to boost special‑event attendance and casino visitation.Original SEC Filing: Canterbury Park Holding Corp [ CPHC ] - 10-K - Mar. 10, 2026DisclaimerThis is an AI-powered summary. It may contain inaccuracies. Consider verifying important information with the source. Please note this summary is solely based on documents filed with the SEC.