Avalon | 10-Q: FY2025 Q3 Revenue: USD 25.75 M

Revenue: As of FY2025 Q3, the actual value is USD 25.75 M.

EPS: As of FY2025 Q3, the actual value is USD 0.49.

EBIT: As of FY2025 Q3, the actual value is USD 2.858 M.

Waste Management Services Segment

• Revenue: $12.9 million for Q3 2025, compared to $11.5 million for Q3 2024. $32.3 million for the first nine months of 2025, compared to $36.2 million for the same period in 2024.
• Operating Costs: $10.3 million for Q3 2025, compared to $8.9 million for Q3 2024. $25.3 million for the first nine months of 2025, compared to $28.4 million for the same period in 2024.
• Income Before Taxes: $1.3 million for Q3 2025, compared to $1.2 million for Q3 2024. $3.2 million for the first nine months of 2025, compared to $3.8 million for the same period in 2024.

Golf and Related Operations Segment

• Revenue: $12.8 million for Q3 2025, compared to $12.8 million for Q3 2024. $29.7 million for the first nine months of 2025, compared to $30.0 million for the same period in 2024.
• Operating Costs: $9.4 million for Q3 2025, compared to $9.3 million for Q3 2024. $24.1 million for the first nine months of 2025, compared to $23.6 million for the same period in 2024.
• Income Before Taxes: $1.9 million for Q3 2025, compared to $1.9 million for Q3 2024. $1.4 million for the first nine months of 2025, compared to $2.1 million for the same period in 2024.

Cash Flow

• Operating Cash Flow: $3.5 million for the nine months ended September 30, 2025, compared to $3.9 million for the same period in 2024.

Unique Metrics

• Accounts Receivable: Increased to $12.5 million at September 30, 2025, compared with $8.6 million at December 31, 2024.
• Deferred Membership Dues Revenue: Approximately $4.6 million at September 30, 2025, compared to $3.5 million at December 31, 2024.

Future Outlook and Strategy

• Waste Management Services: Focus on increasing revenue, gaining market share, and enhancing shareholder value through internal growth, sales and marketing activities, and development activities.
• Golf and Related Operations: Integration of The Grand Resort into the golf and related operations segment to provide guests with a self-contained vacation experience and increase memberships in the Avalon Golf and Country Club.