ST. LOUIS, June 29, 2026 (GLOBE NEWSWIRE) -- The Marketing Alliance, Inc. (OTC: MAAL) ("TMA" or the "Company"), announced its financial results today for its fiscal 2026 year ended March 31, 2026.
FY2026 Financial Key Items (all comparisons to the prior year)
Operating income from continuing operations of $1,010,017 compared to $730,005 in the prior year, an increase of over 38%
Net income was $656,420 or $0.10 per share compared to $465,599 or $0.06 per share in the prior year
Revenues from operations were $18,933,531 compared to $21,373,673 in the prior fiscal year
Subsequent to the end of the quarter, on May 15, 2026, the Company announced it had sold to an unaffiliated purchaser substantially all of the equipment assets of its construction business, Empire Construction, Inc., and all of the real property associated with the Empire Construction business
Management Comments
Timothy M. Klusas, TMA's Chief Executive Officer, commented, "We were pleased to post increases in operating income and net income for this fiscal year, compared to the previous fiscal year. We were able to reduce overall general and administrative expenses and utilize those savings by strategically adding marketing staff to the insurance business. We made good progress this year despite less revenue from an adverse business mix in the insurance business and less construction revenue due to our decision not to pursue longer-term jobs while in preparation for the sale of the assets of the construction business."
Klusas continued, "As our insurance business evolved over the past year, we added dedicated marketing professionals to grow business with their assigned insurance carriers, replacing our prior structure in which one person led those efforts. With the transition now complete, early results have been encouraging, and both carriers and agencies have responded favorably to the added resources. Throughout the year, we also continued investing in technology to improve communication with our agencies and provide better insights."
Fiscal Year 2026 Financial Review
Revenues were $18,933,531 compared to $21,373,673 in the prior year. Revenues were adversely affected by a changing business mix that saw increases in low revenue insurance products and decreases in high revenue insurance products, and the Company's decision not to pursue long-term construction jobs while preparing to sell the assets related to the construction business.
Net operating revenue (gross profit) for the year was $4,237,072 compared to net operating revenue of $4,331,859 in the prior year, a decrease of $94,787. A decrease in net operating revenue in the construction business was partially offset by an increase in the insurance business.
Operating expenses decreased this fiscal year to $3,227,055 from $3,601,854 in the prior fiscal year. The largest cost reductions were in administrative and professional fees, which were partially offset by increases in employee compensation, as the Company hired people that previously served as its outsourced bookkeeping and administrative staff.
The Company reported operating income from continuing operations of $1,010,017 compared to $730,005, in the prior fiscal year, with differences due to factors discussed above.
Operating EBITDA (excluding investment portfolio income) of $1,205,112 was an increase from the prior year of $1,008,211. A note reconciling operating EBITDA to operating income can be found at the end of this release.
Investment gain (loss), net (from non-operating investment portfolio) for the year was $(125,083) as compared with $(138,010) in the previous year. During this fiscal year the Company recognized an impairment loss of $700,000 on its holdings in the common stock of a private company. The impairment loss is included in investment gain (loss), net (from non-operating investment portfolio). Subsequent to the end of the fiscal year, the private company repurchased the shares, and the investment was fully liquidated at a loss consistent with the impairment recorded.
Net income was $656,420, or $0.10 per share, compared to $465,599, or $0.06 per share in the previous year.