Revenue: As of FY2025, the actual value is USD 2.964 M.

EPS: As of FY2025, the actual value is USD -0.27.

EBIT: As of FY2025, the actual value is USD -3.764 M.

Segment Revenue

• Golf Operations: Revenue decreased by -11% from $2,443,178 in 2024 to $2,174,376 in 2025 .
  • Annual Membership Dues: Decreased by -4% from $303,542 in 2024 to $290,177 in 2025, accounting for 9% and 10% of total revenue, respectively .
  • One-time Green Fees: Decreased by -12% from $2,139,636 in 2024 to $1,884,199 in 2025, contributing 65% and 64% to total revenue, respectively . Total rounds played decreased by -9% from approximately 56,000 to 51,000, and the average price per round decreased by -3% from $38 to $37 .
• Sales of Food and Beverage: Revenue decreased by -5% from $648,738 in 2024 to $614,997 in 2025, representing 20% and 21% of total revenue, respectively .
• Sales of Merchandise: Revenue decreased by -9% from $115,262 in 2024 to $105,380 in 2025 .
• Ancillary Revenue: Decreased by -24% from $91,183 in 2024 to $69,624 in 2025 .

Operational Metrics

• Total Operating Costs: Increased by 112% from $3,480,393 in 2024 to $7,370,576 in 2025 .
  • Golf Operating Costs: Increased by 3% from $1,367,958 in 2024 to $1,413,436 in 2025 .
  • Cost of Food and Beverage Sales: Increased by 10% from $186,602 in 2024 to $204,653 in 2025 .
  • Cost of Merchandise Sales: Increased by 4% from $54,876 in 2024 to $57,124 in 2025 .
  • Salaries and Benefits: Increased by 356% from $724,157 in 2024 to $3,300,897 in 2025, largely due to increased stock-based compensation, directors’ fees, and the CFO’s salary .
  • Depreciation: Increased by 10% from $201,113 in 2024 to $220,500 in 2025, primarily due to additions to property and equipment .
  • Legal and Professional Fees: Increased by 144% from $300,281 in 2024 to $733,397 in 2025 due to corporate exercises and consultancy fees .
  • Other General and Administration Expenses: Increased by 123% from $645,406 in 2024 to $1,440,569 in 2025 .
• Loss from Operations: Increased significantly from - $182,032 in 2024 to - $4,406,199 in 2025 .
• Other Income (Expense), Net: Increased by $618,489 from $19,268 in 2024 to $637,757 in 2025, mainly due to dividend income .
• Income Tax (Benefits) Expenses: The company recorded income tax benefits of - $91,412 in 2025, compared to expenses of $20,936 in 2024 .

Cash Flow

• Net Cash Used in Operating Activities: - $2,028,348 in 2025, compared to net cash provided of $89,676 in 2024 .
• Net Cash Used in Investing Activities: - $1,067,230 in 2025, up from - $133,457 in 2024, primarily due to purchases of property and equipment for renovations .
• Net Cash Generated from Financing Activities: $31,306,605 in 2025, a substantial increase from - $145,371 in 2024, driven by net proceeds from common stock issuance and pre-funded warrants .

Unique Metrics

• Contribution to Total Club Revenue (2025): Kissimmee Bay accounted for 61% and Remington for 39% .
• Food and Beverage Net Margin Goal: Aureus Greenway Holdings Inc. aims to achieve a net margin of approximately 20% in its food and beverage services .
• Rounds of Golf Played (2025): Kissimmee Bay hosted 51,000 rounds, and Remington hosted approximately 23,000 rounds .
• Memberships (as of December 31, 2025): Kissimmee Bay had 100 members, and Remington had 30 members .

Outlook / Guidance

Aureus Greenway Holdings Inc. plans to continue promoting and operating its golf country clubs over the next twelve months to attract and retain customers and increase revenue . The company successfully completed major renovations in Q3 2025, including new TiffEagle greens at Remington Golf Club and extensive clubhouse renovations at Kissimmee Bay Country Club . Additionally, the company intends to review and expand its portfolio through regional country club acquisitions .