Revenue: As of FY2026 Q2, the actual value is USD 9.398 M.EPS: As of FY2026 Q2, the actual value is USD 0.22.<h3>Land Development Segment</h3><ul><li>Revenues: $2,204,000 for the three months ended October 31, 2025, compared to $6,955,000 for the same period in 2024. For the six months ended October 31, 2025, revenues were $11,049,000, compared to $17,622,000 in 2024.</li><li>Cost of Revenues: $1,221,000 for the three months ended October 31, 2025, compared to $3,575,000 for the same period in 2024. For the six months ended October 31, 2025, cost of revenues was $4,803,000, compared to $9,729,000 in 2024.</li><li>Segment Profit: $443,000 for the three months ended October 31, 2025, compared to $2,773,000 for the same period in 2024. For the six months ended October 31, 2025, segment profit was $5,160,000, compared to $6,805,000 in 2024.</li></ul><h3>Homebuilding Segment</h3><ul><li>Revenues: $6,346,000 for the three months ended October 31, 2025, compared to $4,236,000 for the same period in 2024. For the six months ended October 31, 2025, revenues were $14,566,000, compared to $11,910,000 in 2024.</li><li>Cost of Revenues: $4,778,000 for the three months ended October 31, 2025, compared to $3,028,000 for the same period in 2024. For the six months ended October 31, 2025, cost of revenues was $10,730,000, compared to $9,028,000 in 2024.</li><li>Segment Profit: $1,111,000 for the three months ended October 31, 2025, compared to $792,000 for the same period in 2024. For the six months ended October 31, 2025, segment profit was $2,953,000, compared to $2,080,000 in 2024.</li></ul><h3>Consolidated Metrics</h3><ul><li>Total Revenues: $9,398,000 for the three months ended October 31, 2025, compared to $11,906,000 for the same period in 2024. For the six months ended October 31, 2025, total revenues were $27,250,000, compared to $30,997,000 in 2024.</li><li>Total Costs and Expenses: $8,279,000 for the three months ended October 31, 2025, compared to $8,762,000 for the same period in 2024. For the six months ended October 31, 2025, total costs and expenses were $19,985,000, compared to $22,861,000 in 2024.</li><li>Operating Income: $1,119,000 for the three months ended October 31, 2025, compared to $3,144,000 for the same period in 2024. For the six months ended October 31, 2025, operating income was $7,265,000, compared to $8,136,000 in 2024.</li><li>Net Income: $1,200,000 for the three months ended October 31, 2025, compared to $4,042,000 for the same period in 2024. For the six months ended October 31, 2025, net income was $5,892,000, compared to $8,106,000 in 2024.</li></ul><h3>Cash Flow</h3><ul><li>Operating Cash Flow: $5,273,000 for the six months ended October 31, 2025, compared to $10,509,000 for the same period in 2024.</li><li>Investing Cash Flow: -$80,000 for the six months ended October 31, 2025, compared to -$120,000 for the same period in 2024.</li><li>Financing Cash Flow: -$3,000 for the six months ended October 31, 2025, compared to -$3,000 for the same period in 2024.</li></ul><h3>Future Outlook and Strategy</h3><ul><li>Core Business Focus: The company plans to continue focusing on land development and homebuilding, with an emphasis on managing costs and improving operational efficiency. The company expects a reduction in revenues from the sale of developed residential land during 2026 compared to 2025 due to market headwinds and increased entitlement and infrastructure delays.</li><li>Non-Core Business: The company has opportunistically leased completed homes due to affordability challenges and plans to continue this strategy as needed. The company also plans to manage its investment assets, including leasing residential properties to tenants.</li></ul>

Amrep | 10-Q: FY2026 Q2 Revenue: USD 9.398 M