Revenue: As of FY2026 Q1, the actual value is USD 1.469 M.EPS: As of FY2026 Q1, the actual value is USD -0.03.EBIT: As of FY2026 Q1, the actual value is USD -1.564 M.Aureus Greenway Holdings Inc. operates as a single segment, encompassing golf operations, sales of merchandise, food and beverage, and ancillary services .<h4>Segment Revenue</h4>Total revenue for the three months ended March 31, 2026, was $1,469,378, an 11% increase from $1,328,371 in the same period of 2025 . Golf Operations: Revenue increased by 10% to $1,129,573 in 2026 from $1,028,940 in 2025, driven by a 107% increase in annual membership dues to $70,767 and a 6% increase in one-time green fees to $1,058,806 . The increase in one-time green fees was attributed to a 7% rise in average price per round to $48, while the total number of rounds remained stable at approximately 22,000 . Sales of Food and Beverage: Revenue grew by 8% to $244,805 in 2026 from $225,803 in 2025, primarily due to a 4% increase in quantities sold, consistent with the rise in golf operations . Sales of Merchandise: Revenue increased by 31% to $58,288 in 2026 from $44,504 in 2025, mainly due to higher sales of men’s wear, golf balls, and headwear . Ancillary Revenue: Revenue increased by 26% to $36,712 in 2026 from $29,124 in 2025, reflecting higher demand for rental services for activities and events .<h4>Operational Metrics</h4><ul><li>Net Loss: The company reported a net loss of - $1,259,899 for the three months ended March 31, 2026, compared to a net income of $266,212 for the same period in 2025, primarily due to operating costs increasing at a higher rate than revenue and other income .</li><li>Operating Loss: Operating loss was - $1,458,986 in 2026, a significant decrease from operating income of $353,037 in 2025 .</li><li>Total Operating Costs: Operating costs increased by 200% to $2,928,364 in 2026 from $975,334 in 2025 .<ul><li>Golf Operating Costs: Increased by 22% to $395,808 in 2026 from $323,259 in 2025 due to higher contractual prices for maintenance .</li><li>Cost of Food and Beverage Sales: Increased by 2% to $67,472 in 2026 from $65,882 in 2025, in line with revenue growth .</li><li>Cost of Merchandise Sales: Increased by 28% to $29,873 in 2026 from $23,298 in 2025, consistent with higher merchandise sales .</li><li>Salaries and Benefits: Increased by 380% to $1,316,175 in 2026 from $273,987 in 2025, primarily due to $996,000 in stock-based compensation and an approximate $50,000 increase in directors’ fees .</li><li>Depreciation: Increased by 26% to $63,750 in 2026 from $50,784 in 2025, mainly due to capital additions for new greens and clubhouse renovations in 2025 .</li><li>Other General and Administration Expenses: Increased by 343% to $1,055,286 in 2026 from $238,124 in 2025, due to $438,750 in stock-based compensation for a consultant, increased legal and consulting fees, travel expenses, director’s and officer’s liability insurance, and advertising and marketing expenses .</li></ul></li><li>Income Tax Expenses: Totaled $91,035 in 2026, down from $144,329 in 2025 . The company had $811,392 in net operating losses (NOLs) as of March 31, 2026, which can be carried forward indefinitely .</li></ul><h4>Cash Flow</h4><ul><li>Net Cash Provided by Operating Activities: Net cash provided by operating activities was $385,085 in 2026, a significant improvement from net cash used of - $81,193 in 2025 .</li><li>Net Cash Used in Investing Activities: Net cash used increased to - $20,027,014 in 2026 from - $8,146 in 2025, primarily due to a $20,000,000 investment in a convertible note .</li><li>Net Cash Provided by Financing Activities: Net cash provided was $8,493,590 in 2026, compared to $7,954,375 in 2025, including $8,073,933 from common stock issues and $601,500 from warrant exercises in 2026 .</li><li>Net Change in Cash and Cash Equivalents: Cash and cash equivalents decreased by - $11,148,339 in 2026, compared to an increase of $7,865,036 in 2025 . The ending balance of cash and cash equivalents was $17,519,830 as of March 31, 2026 .</li></ul><h4>Unique Metrics</h4><ul><li>Investment in Convertible Note: As of March 31, 2026, the company held an investment in a convertible note with a carrying amount of $20,049,315, maturing on March 23, 2027, and bearing a 10% annual interest rate . Interest income from this note was $49,315 for the three months ended March 31, 2026 .</li><li>Working Capital: Net working capital increased by 34% to $37,123,325 as of March 31, 2026, from $27,788,300 as of December 31, 2025 .</li><li>Capital Expenditures: Capital expenditures were $27,014 for the three months ended March 31, 2026, mainly for clubhouse improvements, compared to $14,924 in the prior year period .</li><li>Vendor Concentration Risk: As of March 31, 2026, 91% of accounts payable were owed to one key supplier, who also accounted for 11% of total operating costs for the three months ended March 31, 2026 .</li></ul><h4>Future Outlook and Strategy</h4>Management plans to continue promoting, marketing, managing, and operating its golf country clubs over the next twelve months to attract and retain customers, build loyalty, and increase revenue . The strategy involves maintaining and improving customer experiences, building on major renovations, and aiming to improve operational efficiency, reduce costs, and enhance efficiency . Management believes existing cash and cash equivalents, cash flows from operations, and recent financing activities provide sufficient liquidity for at least the next twelve months .<h4>Material Weaknesses</h4>Management identified material weaknesses in internal control over financial reporting, including inadequate segregation of duties due to limited staff and a lack of sufficient financial reporting and accounting personnel with appropriate U.S. GAAP and SEC reporting knowledge . The company plans to address these by hiring additional qualified personnel and enhancing formal documentation of policies and controls .

Aureus Greenway | 10-Q: FY2026 Q1 Revenue: USD 1.469 M