EX-99.1 2 ex99-1.htm EX-99.1

 

Exhibit 99.1

 

Parks! America, Inc.

Reports Second Quarter Fiscal Year 2025 Financial Results

 

Management to host conference call on Monday, May 12, 2025, at 4:30 PM ET

 

PINE MOUNTAIN, Georgia, May 9, 2025 — Parks! America, Inc. (OTCQX: PRKAD), today announced its financial results for the second fiscal quarter ended March 30, 2025. The summary information in this press release should not be used as the sole basis for making investment decisions. We encourage shareholders to read our complete Form 10-Q, which has been posted on the Company’s website animalsafari.com/investor-relations, for a complete view of the Company and its results.

 

Segment Financial Results for the 13 and 26 weeks ended March 30, 2025

 

The Company manages its operations on an individual location basis. Financial information regarding each of the Company’s reportable segments is summarized in the tables below.

 

   For the 13 weeks ended   For the 26 weeks ended 
   March 30, 2025   March 31, 2024   March 30, 2025   March 31, 2024 
Total revenue:                    
Georgia Park  $1,046,387   $1,048,944   $2,157,105   $2,288,954 
Missouri Park   374,328    400,733    664,089    642,454 
Texas Park   581,306    508,523    951,285    924,417 
Consolidated  $2,002,021   $1,958,200   $3,772,479   $3,855,825 
Loss before income taxes:                    
Georgia Park  $148,542   $185,645   $482,488   $551,487 
Missouri Park   6,806    50,940    (42,422)   (55,828)
Texas Park   67,073    31,076    15,074    (4,949)
Segment income   222,421    267,661    455,140    490,710 
Corporate expenses   (301,482)   (192,722)   (571,834)   (510,408)
Depreciation and amortization   (220,315)   (218,593)   (428,863)   (441,796)
(Loss) gain on asset disposals, net   —    (21,337)   52    (35,754)
Contested proxy and related matters, net   —    (1,164,612)   567,157    (1,291,252)
Other income, net   25,323    34,026    38,705    69,913 
Interest expense   (54,709)   (49,147)   (112,178)   (100,592)
Consolidated  $(328,762)  $(1,344,724)  $(51,821)  $(1,819,179)

 

   For the 13 weeks ended   For the 26 weeks ended 
   March 30, 2025   March 31, 2024   March 30, 2025   March 31, 2024 
Depreciation and amortization:                    
Georgia Park  $98,832   $94,659   $188,248   $186,048 
Missouri Park   54,303    58,020    108,081    114,420 
Texas Park   66,766    65,500    131,706    140,500 
Corporate   414    414    828    828 
Consolidated  $220,315   $218,593   $428,863   $441,796 
Capital expenditures:                    
Georgia Park  $443,018   $182,515   $938,794   $273,192 
Missouri Park   25,623    60,271    33,523    75,045 
Texas Park   16,268    11,920    114,068    136,635 
Consolidated  $484,909   $254,706   $1,086,385   $484,872 

 

 

 

 

   As of 
   March 30, 2025   September 29, 2024 
Total assets:          
Georgia Park  $7,238,010   $7,520,918 
Missouri Park   3,059,835    3,399,324 
Texas Park   7,800,448    7,812,661 
Corporate   172,660    461,168 
Consolidated  $18,270,953   $19,194,071 
Total cash & short-term investments:          
Georgia Park  $778,094   $1,800,623 
Missouri Park   630,478    870,918 
Texas Park   550,298    570,122 
Corporate   14,681    82,705 
Consolidated  $1,973,551   $3,324,368 
Asset less cash & short-term investments:          
Georgia Park  $6,459,916   $5,720,295 
Missouri Park   2,429,356    2,528,406 
Texas Park   7,250,150    7,242,539 
Corporate   157,979    378,463 
Consolidated  $16,297,401   $15,869,703 

 

Conference Call and Webcast Details

 

The Company will host a conference call to review its financial results of the second quarter of fiscal year 2025 on May 12, 2025, at 4:30 pm ET. The conference call will be webcast and can be accessed on the Company’s website, animalsafari.com/investor-relations.

 

All participants on the conference call will have the opportunity to ask a question. You may also email your question to [email protected] prior to the call. A transcript of the call will be available on the Company’s website.

 

About Parks! America, Inc.

 

Parks! America, Inc. (OTCQX: PRKAD), through our wholly owned subsidiaries, owns and operates three regional safari parks and is in the business of acquiring, developing and operating local and regional entertainment assets in the United States.

 

Additional information, including our Annual Report on Form 10-K for the fiscal year ended September 29, 2024, is available on the Company’s website, animalsafari.com/investor-relations.

 

Cautionary Note Regarding Forward Looking Statements

 

This news release may contain “forward-looking statements” within the meaning of U.S. securities laws. Forward-looking statements include statements concerning our future plans, business strategy, liquidity, capital expenditures, sources of revenue and other similar statements that are not historical in nature. You are cautioned not to place undue reliance on these forward-looking statements, which are based on our expectations as of the date of this news release and speak only as of the date hereof. Forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause our actual results to differ significantly from those expressed or implied by such forward-looking statements. Readers are advised to consider the factors listed under the heading “Risk Factors” and the other information contained in the Company’s Annual Report on Form 10-K and other reports filed from time to time with the Securities and Exchange Commission. We undertake no obligation to publicly update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required by law.

 

Contact:

 

Ralph Molina

Head of Investor Relations and Corporate Strategy

(706) 940-2209