Portsmouth Square, Inc. Announces FY2025 Results; Going-Concern Doubt Alleviated Following March 2025 Hotel Refinancing and Strong Operating Trends

About this update from Portsmouth Square, Inc.

[{"type":"text","content":"Los Angeles, CA, Oct. 09, 2025 (GLOBE NEWSWIRE) -- Portsmouth Square, Inc. ("Portsmouth" or the "Company") (OTC: PRSI) reported results for the fiscal year ended June 30, 2025 and announced that the substantial doubt about the Company's ability to continue as a going concern has been alleviated following the March 28, 2025 hotel refinancing and improving operating performance.","length":403,"tagName":"p"},{"type":"text","content":"FY2025 Highlights","length":17,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"- Going Concern: Alleviated based on the March 28, 2025 refinancing, current liquidity, and operating forecasts.","length":112,"tagName":"p"}]},{"val":[{"type":"text","content":"- Hotel revenue: $46,363,000 vs. $41,886,000 (FY2024) — 10.7% increase.","length":71,"tagName":"p"}]},{"val":[{"type":"text","content":"- Hotel operating expenses: $37,631,000 vs. $36,139,000 — 4.1% increase.","length":72,"tagName":"p"}]},{"val":[{"type":"text","content":"- Average occupancy: 92% vs. 82% — up 10 pts (12.2%).","length":53,"tagName":"p"}]},{"val":[{"type":"text","content":"- ADR: $218 vs. $217 — 0.5% increase.","length":37,"tagName":"p"}]},{"val":[{"type":"text","content":"- RevPAR: $200 vs. $177 — 13.0% increase.","length":41,"tagName":"p"}]},{"val":[{"type":"text","content":"- Renovation impact: The hotel’s comprehensive renovation was completed in June 2024; with no out-of-order rooms during FY2025, results benefited from full room availability throughout the year.","length":194,"tagName":"p"}]},{"val":[{"type":"text","content":"- Cash & equivalents (6/30): $11,722,000 vs. $4,775,000 — 145.5% increase.","length":78,"tagName":"p"}]},{"val":[{"type":"text","content":"- Net loss (GAAP): $(9,110,000) or $(12.41) per share vs. $(11,375,000) or $(15.49) per share — 19.9% improvement (smaller loss).","length":129,"tagName":"p"}]},{"val":[{"type":"text","content":"- Loss from marketable securities operations: $(146,000) vs. $(269,000) — 45.7% improvement (smaller loss).","length":107,"tagName":"p"}]},{"val":[{"type":"text","content":"- Hotel capital improvements: $2,252,000 (FY2024: $4,078,000) — -44.8% change.","length":78,"tagName":"p"}]}],"tagName":"ul","bulletedList":true,"length":972,"olType":false},{"type":"text","content":"Operating Notes","length":15,"tagName":"p"},{"type":"text",...

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