Double-Digit Growth in Recorded Music Driven by Digital and Synch Demand

Outlook for Revenue and Adj. EBITDA Raised for Fiscal 2026

NEW YORK, NY / ACCESS Newswire / November 4, 2025 / Reservoir Media, Inc. (NASDAQ:RSVR) ("Reservoir" or the "Company"), an award-winning independent music company, today announced financial results for the second quarter of fiscal 2026 ended September 30, 2025.

Recent Highlights:

• Revenue of $45.4 million, increased 7% organically, or 12% including acquisitions year-over-year

  • Music Publishing Revenue rose 8% year-over-year

  • Recorded Music Revenue increased by 21% year-over-year

• Operating Income of $10.7 million, increased by 6% year-over-year

• OIBDA ("Operating Income Before Depreciation & Amortization") of $18.2 million, an increase of 10% year-over-year

• Net Income of $2.2 million, or $0.03 per share, compared to net income of $0.2 million, or $0.00 per share year-over-year

• Adjusted EBITDA of $19.4 million, up 10% year-over-year

• Acquired the publishing catalog of music and cultural icon Miles Davis, as well as rights to his recorded music and partnering with the estate on name and likeness

• Extended publishing deal for the catalog of Nick Drake, and executed a new deal with the Drake estate to represent the catalog of Nick’s mother Molly Drake together with our partners at Blue Raincoat Music Publishing

• Announced emerging markets deals in conjunction with PopArabia for the publishing and recorded music catalog of Iraqi production house HFM production and the publishing and recorded music catalog of Kuwaiti singer-songwriter Essa Almarzoug, as well as a publishing deal with Moroccan singer-rapper-songwriter-producer 88 Young

• Signed publishing deals with Platinum-selling songwriter Emily Reid, Grammy-nominated songwriter-producer Dave Pittenger, and 1960s teen idol Bobby Vinton

Management Commentary:

"Our second fiscal quarter was hallmarked by the addition of the publishing catalog of musical and cultural icon Miles Davis, in addition to rights to his recorded music and shared rights to his name and likeness. We are honored to partner with his estate ahead of his centennial year in 2026 to collaborate on unique value enhancement opportunities and share his legacy with the next generation across platforms," said Golnar Khosrowshahi, Founder and Chief Executive Officer of Reservoir Media. "Beyond this marquee deal, Reservoir continued our focus on our long-term growth strategies, through disciplined investments in our catalog, key strategic partnerships, and global diversification. We are building a scalable platform for sustained growth and meaningful value creation, and we remain focused on driving consistent, long-term returns for our shareholders."

Second Quarter Fiscal 2026 Financial Results

Summary Financials		Q2 FY26				Q2 FY25				Change
Total Revenue		$	45.4			$	40.7				12	%
Music Publishing Revenue		$	30.9			$	28.6				8	%
Recorded Music Revenue		$	13.0			$	10.7				21	%
Operating Income		$	10.7			$	10.1				6	%
OIBDA		$	18.2			$	16.6				10	%
Net Income		$	2.2			$	0.2			NM
Adjusted EBITDA		$	19.4			$	17.6				10	%

(Table Notes: $ in millions; Quarters ended September 30th; Unaudited; NM = Not Meaningful)

Total revenue in the second quarter of fiscal 2026 increased 12% to $45.4 million, compared to $40.7 million in the second quarter of fiscal 2025. This increase was driven by an 8% increase in Music Publishing revenue, alongside a 21% increase in Recorded Music revenue that was largely attributable to an increase in Performance revenue in the Music Publishing segment and continued growth of Digital revenue within the Recorded Music segment.

Operating income in the second quarter of fiscal 2026 was $10.7 million compared to operating income of $10.1 million in the second quarter of fiscal 2025. OIBDA in the second quarter of fiscal 2026 increased 10% to $18.2 million, compared to $16.6 million in the prior year’s quarter. Adjusted EBITDA in the second quarter of fiscal 2026 increased 10% to $19.4 million, compared to $17.6 million last year, primarily because of an increase in total revenues, slightly offset by an increase in administrative expenses. See below for calculations and reconciliations of OIBDA and Adjusted EBITDA to operating income and net income (loss), respectively.

Net income in the second quarter of fiscal 2026 was $2.2 million, or $0.03 per share, compared to net income of $0.2 million, or $0.00 per share, in the year-ago quarter. The increase in net income was primarily driven by the decrease in loss on fair value of swaps and increase in operating income, partially offset by higher interest expense, income tax expense and loss on foreign exchange.

Second Quarter Fiscal 2026 Segment Review

Music Publishing		Q2 FY26				Q2 FY25				Change
Revenue by Type
Digital		$	16.1			$	15.6				3	%
Performance		$	7.5			$	5.1				47	%
Synchronization		$	4.6			$	5.8				(21	%)
Mechanical		$	1.6			$	1.1				51	%
Other		$	1.1			$	1.0				5	%
Total Revenue		$	30.9			$	28.6				8	%
OIBDA		$	11.3			$	11.0				3	%

(Table Notes: $ in millions; Quarters ended September 30th; Unaudited)

Music Publishing Revenue in the second quarter of fiscal 2026 was $30.9 million, an increase of 8% compared to $28.6 million in last fiscal year’s second quarter. The increase was mainly due to an increase in Performance revenue driven by the performance of hit songs, an increase in Mechanical revenue primarily driven by the strength of physical sales and the acquisition of new catalogs, as well as an increase in Digital revenue.

In the second quarter of fiscal 2026, Music Publishing OIBDA increased 3% to $11.3 million, compared to $11.0 million in the second quarter of fiscal 2025. Music Publishing OIBDA margin in the second quarter decreased from 38% to 37%. The increase in Music Publishing OIBDA was driven by an increase in revenues, and the decrease in OIBDA Margin reflects higher cost of revenue and administration expenses as percentages of revenues.

Recorded Music		Q2 FY26				Q2 FY25				Change
Revenue by Type
Digital		$	8.7			$	7.2				20	%
Physical		$	1.3			$	1.5				(10	%)
Neighboring Rights		$	1.1			$	1.1				2	%
Synchronization		$	1.8			$	0.9				106	%
Total Revenue		$	13.0			$	10.7				21	%
OIBDA		$	6.6			$	5.4				22	%

(Table Notes: $ in millions; Quarters ended September 30th; Unaudited)

Recorded Music Revenue in the second quarter of fiscal 2026 was $13.0 million, an increase of 21% compared to $10.7 million in last year’s second quarter. The increase was driven by an increase in digital revenue driven by the acquisition of catalogs and continued growth at music streaming services and an increase in synchronization revenue driven by the timing of licenses.

In the second quarter of fiscal 2026, Recorded Music OIBDA increased 22%, to $6.6 million, compared to $5.4 million in the second quarter of fiscal 2025. This increase primarily reflects an increase in revenues. Recorded Music OIBDA margin in the second quarter remains unchanged at 51%.

Balance Sheet and Liquidity

For the six months ended September 30, 2025, cash provided by operating activities was $25.3 million, an increase of $3.4 million compared to the same period last year, primarily due to an increase in cash provided by working capital and an increase in earnings.

As of September 30, 2025, Reservoir had cash and cash equivalents of $27.9 million and $124.2 million available for borrowing under its revolving credit facility, for total available liquidity of $152.1 million. Total debt was $421.8 million (net of $4.0 million of deferred financing costs) and Net Debt was $393.9 million (defined as total debt, less cash and equivalents and deferred financing costs). This compares to cash and cash equivalents of $21.4 million and $58.2 million available for borrowing under its revolving credit facility, for total available liquidity of $79.6 million as of March 31, 2025. Total debt was $388.1 million (net of $3.7 million of deferred financing costs) and Net Debt was $366.7 million as of March 31, 2025.

Fiscal Year 2026 Outlook

Reservoir narrows and positively adjusts its previously provided financial outlook ranges for fiscal year 2026, and expects the financial results for the year ending March 31, 2026, to be as follows:

Outlook		Guidance				Growth (at mid-point)
Revenue		$	167M – $170M				6	%
Adjusted EBITDA		$	70M – $72M				8	%

Jim Heindlmeyer, Chief Financial Officer of Reservoir, stated, "Our financial performance emphasizes our ability to drive value from our existing portfolio and consistently identify high-quality, high-demand assets with attractive economics. With the first half of the fiscal year behind us, we have the confidence to positively adjust our guidance ranges for both revenue and adjusted EBITDA for the 2026 fiscal year."

Conference Call Information

Reservoir is hosting a conference call for analysts and investors to discuss its financial results for the second quarter for fiscal year ending March 31, 2026 at 10:00 a.m. EST today, November 4, 2025. The conference call can be accessed via webcast in the Investor Relations section of the Company’s website at https://investors.reservoir-media.com/news-and-events/events-and-presentations.

Interested parties may also participate in the call using the following registration link: Here. Once registered, participants will receive a dial-in number as well as a PIN to enter the event. Participants may re-register for the conference call in the event of a lost dial-in number or PIN. Shortly after the conclusion of the conference call, a replay of the audio webcast will be available in the investor relations section of Reservoir’s website for 30 days after the event.

About Reservoir Media, Inc.

Reservoir is an independent music company based in New York City and with offices in Los Angeles, Nashville, Toronto, London, Abu Dhabi, and Mumbai. Reservoir is the first female-founded and led publicly traded independent music company in the U.S. Founded as a family-owned music publisher in 2007, Reservoir represents copyrights and master recordings including titles dating as far back as 1900 and hundreds of #1 releases worldwide. Reservoir frequently holds a Top 10 U.S. Market Share according to Billboard’s Publishers Quarterly, was twice named Publisher of the Year by Music Business Worldwide’s The A&R Awards and won Independent Publisher of the Year at the 2020 and 2022 Music Week Awards.

Reservoir also represents a multitude of recorded music through Chrysalis Records, Tommy Boy Music, and Philly Groove Records and manages artists through its ventures with Blue Raincoat Music and Big Life Management.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and are made in reliance on the safe harbor protections provided thereunder. Forward-looking statements are typically identified by words such as "anticipate," "believe," "continue," "could," "estimate," "expect," "forecast," "intend," "may," "might," "outlook," "plan," "possible," "potential," "predict," "project," "should," "target," "would" and other similar words and expressions. Forward-looking statements in this press release relate to, among other things: Reservoir’s anticipated financial condition, results of operations and performance, expected growth, plans and objectives for future operations, business prospects and market conditions. Forward-looking statements are based on the current expectations and beliefs of management and information currently available to management. These statements are inherently subject to a number of risks, uncertainties and assumptions, many of which are outside of our control and could cause future events or results to be materially different from those stated or implied in this press release, including the risk factors that are described in Reservoir’s Annual Report on Form 10-K for the year ended March 31, 2025 and our other filings with the SEC available on the SEC’s website at www.sec.gov or Reservoir’s website at www.reservoir-media.com. Any forward-looking statement made in this press release speaks only as of the date on which it is made and Reservoir undertakes no obligation to update or revise any forward-looking statement, whether as a result of new information, future developments or otherwise.

Reservoir Media, Inc. and Subsidiaries
Condensed Consolidated Statements of Income (Loss)
Three and Six Months Ended September 30, 2025 versus September 30, 2024
(Unaudited)
(Expressed in U.S. dollars)

		Three Months Ended September 30,												Six Months Ended September 30,
		2025				2024				% Change				2025				2024				% Change
Revenues		$	45,435,051			$	40,667,393				12	%		$	82,599,344			$	74,984,236				10	%
Costs and expenses:
Cost of revenue			16,532,205				14,831,371				11	%			29,724,920				28,112,487				6	%
Amortization and depreciation			7,556,863				6,430,019				18	%			14,870,600				12,814,776				16	%
Administration expenses			10,659,442				9,283,977				15	%			21,870,589				18,973,414				15	%
Total costs and expenses			34,748,510				30,545,367				14	%			66,466,109				59,900,677				11	%
Operating income			10,686,541				10,122,026				6	%			16,133,235				15,083,559				7	%
Interest expense			(6,741,657	)			(4,960,408	)							(13,037,615	)			(10,019,806	)
(Loss) gain on foreign exchange			(387,010	)			(36,348	)							708,404				(95,811	)
Loss on fair value of swaps			(315,998	)			(5,126,907	)							(1,313,163	)			(5,617,202	)
Other income (expense), net			(90,707	)			1,033								(254,483	)			(98,489	)
Income (loss) before income taxes			3,151,169				(604	)							2,236,378				(747,749	)
Income tax expense (benefit)			947,313				(152,593	)							676,247				(446,561	)
Net income (loss)			2,203,856				151,989								1,560,131				(301,188	)
Net loss attributable to noncontrolling interests			53,985				33,026								142,051				139,548
Net income (loss) attributable to Reservoir Media, Inc.		$	2,257,841			$	185,015							$	1,702,182			$	(161,640	)
Earnings (loss) per common share:
Basic		$	0.03			$	–							$	0.03			$	–
Diluted		$	0.03			$	–							$	0.03			$	–
Weighted average common shares outstanding:
Basic			65,566,514				65,186,357								65,468,739				65,079,114
Diluted			66,273,757				65,837,273								66,166,846				65,079,114

Reservoir Media, Inc. and Subsidiaries
Condensed Consolidated Balance Sheets
September 30, 2025 versus March 31, 2025
(Expressed in U.S. dollars)
(Unaudited)

		September 30, 2025				March 31, 2025
Assets
Current assets
Cash and cash equivalents		$	27,939,407			$	21,386,140
Accounts receivable			35,882,779				37,848,611
Current portion of royalty advances			14,869,185				15,182,463
Other current assets			5,093,461				4,867,081
Total current assets			83,784,832				79,284,295
Intangible assets, net			752,471,272				719,673,219
Equity method and other investments			2,581,853				1,100,000
Royalty advances, net of current portion and reserves			55,131,561				55,508,155
Property and equipment, net			459,517				406,784
Operating lease right of use assets, net			6,657,157				5,949,418
Fair value of swap assets			856,181				1,828,303
Other assets			1,593,138				1,376,836
Total assets		$	903,535,511			$	865,127,010
Liabilities
Current liabilities
Accounts payable and accrued liabilities		$	4,085,207			$	5,394,755
Royalties payable			48,554,356				47,210,727
Accrued payroll			1,021,598				2,588,758
Deferred revenue			5,005,731				1,885,462
Other current liabilities			3,280,881				7,954,208
Income taxes payable			1,393				803,342
Total current liabilities			61,949,166				65,837,252
Secured line of credit			421,813,199				388,134,754
Deferred income taxes			39,784,463				38,228,099
Operating lease liabilities, net of current portion			6,648,113				5,723,930
Fair value of swap liability			751,049				410,008
Other liabilities			473,030				593,185
Total liabilities			531,419,020				498,927,228
Contingencies and commitments
Shareholders’ Equity
Preferred stock			–				–
Common stock			6,560				6,524
Additional paid-in capital			345,557,414				344,145,789
Retained earnings			24,849,752				23,147,570
Accumulated other comprehensive income (loss)			522,810				(2,422,107	)
Total Reservoir Media, Inc. shareholders’ equity			370,936,536				364,877,776
Noncontrolling interest			1,179,955				1,322,006
Total shareholders’ equity			372,116,491				366,199,782
Total liabilities and shareholders’ equity		$	903,535,511			$	865,127,010

Supplemental Disclosures Regarding Non-GAAP Financial Measures

This press release includes certain financial information, such as OIBDA, OIBDA margin, EBITDA, Adjusted EBITDA, and Net Debt, which has not been prepared in accordance with United States generally accepted accounting principles ("GAAP"). Reservoir’s management uses these non-GAAP financial measures to evaluate Reservoir’s operations, measure its performance and make strategic decisions. Reservoir believes that the use of these non-GAAP financial measures provides useful information to investors and others in understanding Reservoir’s results of operations and trends in the same manner as Reservoir’s management and in evaluating Reservoir’s financial measures as compared to the financial measures of other similar companies, many of which present similar non-GAAP financial measures. However, these non-GAAP financial measures are subject to inherent limitations as they reflect the exercise of judgments by Reservoir’s management about which items are excluded or included in determining these non-GAAP financial measures and, therefore, should not be considered as a substitute for net income, operating income or any other operating performance measures calculated in accordance with GAAP. Using such non-GAAP financial measures in isolation to analyze Reservoir’s business would have material limitations because the calculations are based on the subjective determination of Reservoir’s management regarding the nature and classification of events and circumstances. In addition, although other companies in Reservoir’s industry may report measures titled OIBDA, OIBDA margin, Adjusted EBITDA, and Net Debt, or similar measures, such non-GAAP financial measures may be calculated differently from how Reservoir calculates such non-GAAP financial measures, which reduces their overall usefulness as comparative measures. Because of these limitations, such non-GAAP financial measures should be considered alongside other financial performance measures and other financial results presented in accordance with GAAP. You can find the reconciliation of these non‐GAAP financial measures to the nearest comparable GAAP measures in the tables below.

OIBDA

Reservoir evaluates operating performance based on several factors, including its primary financial measure of operating income before non-cash depreciation of tangible assets and non-cash amortization of intangible assets ("OIBDA"). Reservoir considers OIBDA to be an important indicator of the operational strengths and performance of its businesses and believes this non-GAAP financial measure provides useful information to investors because it removes the significant impact of amortization from Reservoir’s results of operations. However, a limitation of the use of OIBDA as a performance measure is that it does not reflect the periodic costs of certain capitalized tangible and intangible assets used in generating revenues in Reservoir’s businesses and other non-operating income (loss). Accordingly, OIBDA should be considered in addition to, not as a substitute for, operating income, net income attributable to us and other measures of financial performance reported in accordance with GAAP. In addition, our definition of OIBDA may differ from similarly titled measures used by other companies. OIBDA Margin is defined as OIBDA as a percentage of revenue.

EBITDA and Adjusted EBITDA

EBITDA is defined as earnings (net income or loss) before net interest expense, income tax (benefit) expense, non-cash depreciation of tangible assets and non-cash amortization of intangible assets and is used by management to measure operating performance of the business. Adjusted EBITDA, in addition to adjusting net income to exclude income tax expense, interest expense and depreciation and amortization, further adjusts net income by excluding items or expenses such as, among others, (1) any non-cash charges (including any impairment charges and loss on early extinguishment of debt and to write-down an equity investment to its estimated fair value), (2) any net gain or loss on foreign exchange, (3) any net gain or loss resulting from interest rate swaps, (4) equity-based compensation expense and (5) certain unusual or non-recurring items.

Adjusted EBITDA is a key measure used by Reservoir’s management to understand and evaluate operating performance, generate future operating plans, and make strategic decisions regarding the allocation of capital. However, certain limitations on the use of Adjusted EBITDA include, among others, (1) it does not reflect the periodic costs of certain capitalized tangible and intangible assets used in generating revenue for Reservoir’s business, (2) it does not reflect the significant interest expense or cash requirements necessary to service interest or principal payments on Reservoir’s indebtedness and (3) it does not reflect every cash expenditure, future requirements for capital expenditures or contractual commitments. In particular, Adjusted EBITDA measure adds back certain non-cash, unusual or non-recurring charges that are deducted in calculating net income; however, these are expenses that may recur, vary greatly and are difficult to predict. In addition, Adjusted EBITDA is not the same as net income or cash flow provided by operating activities as those terms are defined by GAAP and does not necessarily indicate whether cash flows will be sufficient to fund cash needs.

Net Debt

Reservoir defines Net Debt as total debt, less cash and equivalents and deferred financing costs.

Reservoir Media, Inc.
Reconciliation of Operating Income to OIBDA
Three and Six Months Ended September 30, 2025 versus September 30, 2024
(Unaudited)
(dollars in thousands)

		For the Three Months Ended September 30,								For the Six Months Ended September 30,
		2025				2024				2025				2024
Revenues		$	45,435			$	40,667			$	82,599			$	74,984
Cost of revenue			16,532				14,831				29,725				28,112
Administration expenses			10,659				9,284				21,871				18,973
OIBDA			18,243				16,552				31,004				27,898
Amortization and depreciation			7,557				6,430				14,871				12,815
Operating income		$	10,687			$	10,122			$	16,133			$	15,084

Reservoir Media, Inc. and Subsidiaries
Reconciliation of Music Publishing Segment Reporting Operating Income to OIBDA
Three and Six Months Ended September 30, 2025 versus September 30, 2024
(Unaudited)
(dollars in thousands)

		For the Three Months Ended September 30,								For the Six Months Ended September 30,
		2025				2024				2025				2024
Revenues		$	30,875			$	28,596			$	55,808			$	52,596
Cost of revenue			13,047				11,782				23,483				22,418
Administration expenses			6,512				5,853				13,445				12,434
OIBDA		$	11,317			$	10,961			$	18,880			$	17,744

Reservoir Media, Inc. and Subsidiaries
Reconciliation of Recorded Music Segment Reporting Operating Income to OIBDA
Three and Six Months Ended September 30, 2025 versus September 30, 2024
(Unaudited)
(dollars in thousands)

		For the Three Months Ended September 30,								For the Six Months Ended September 30,
		2025				2024				2025				2024
Revenues		$	12,982			$	10,693			$	23,426			$	20,323
Cost of revenue			3,486				3,049				6,242				5,695
Administration expenses			2,901				2,239				5,735				4,773
OIBDA		$	6,596			$	5,405			$	11,450			$	9,856

Reservoir Media, Inc. and Subsidiaries
Reconciliation of Net Income (Loss) to Adjusted EBITDA
Three and Six Months Ended September 30, 2025 versus September 30, 2024
(Unaudited)
(dollars in thousands)

		For the Three Months Ended September 30,								For the Six Months Ended September 30,
		2025				2024				2025				2024
Net Income (Loss)		$	2,204			$	152			$	1,560			$	(301	)
Income Tax Expense (Benefit)			947				(153	)			676				(447	)
Interest Expense			6,742				4,960				13,038				10,020
Amortization and Depreciation			7,557				6,430				14,871				12,815
EBITDA			17,450				11,390				30,145				22,087
Loss (Gain) on Foreign Exchange(a)			387				36				(708	)			96
Loss on Fair Value of Swaps(b)			316				5,127				1,313				5,617
Non-cash Share-based Compensation(c)			1,113				1,053				2,247				2,327
Other (Income) Expense, Net(d)			91				(1	)			254				98
Adjusted EBITDA		$	19,357			$	17,605			$	33,251			$	30,226

(a) Reflects the (gain) or loss on foreign exchange fluctuations.
(b) Reflects the non-cash loss on the mark-to-market of interest rate swaps.
(c) Reflects non-cash share-based compensation expense related to the Reservoir Media, Inc. 2021 Omnibus Incentive Plan.
(d) Reflects Reservoir’s share of losses recorded by equity method investments.

Media Contact

Reservoir Media, Inc.
Suzy Arrabito
Vice President, Marketing & Communications
sa@reservoir-media.com
www.reservoir-media.com

Investor Contact

Alpha IR Group
Jackie Marcus or Nathan Skown
RSVR@alpha-ir.com

SOURCE: Reservoir Media, Inc.

View the original press release on ACCESS Newswire

Double-Digit Growth in Recorded Music Driven by Digital and Synch Demand

Outlook for Revenue and Adj. EBITDA Raised for Fiscal 2026

NEW YORK, NY / ACCESS Newswire / November 4, 2025 / Reservoir Media, Inc. (NASDAQ:RSVR) ("Reservoir" or the "Company"), an award-winning independent music company, today announced financial results for the second quarter of fiscal 2026 ended September 30, 2025.

Recent Highlights:

• Revenue of $45.4 million, increased 7% organically, or 12% including acquisitions year-over-year

  • Music Publishing Revenue rose 8% year-over-year

  • Recorded Music Revenue increased by 21% year-over-year

• Operating Income of $10.7 million, increased by 6% year-over-year

• OIBDA ("Operating Income Before Depreciation & Amortization") of $18.2 million, an increase of 10% year-over-year

• Net Income of $2.2 million, or $0.03 per share, compared to net income of $0.2 million, or $0.00 per share year-over-year

• Adjusted EBITDA of $19.4 million, up 10% year-over-year

• Acquired the publishing catalog of music and cultural icon Miles Davis, as well as rights to his recorded music and partnering with the estate on name and likeness

• Extended publishing deal for the catalog of Nick Drake, and executed a new deal with the Drake estate to represent the catalog of Nick’s mother Molly Drake together with our partners at Blue Raincoat Music Publishing

• Announced emerging markets deals in conjunction with PopArabia for the publishing and recorded music catalog of Iraqi production house HFM production and the publishing and recorded music catalog of Kuwaiti singer-songwriter Essa Almarzoug, as well as a publishing deal with Moroccan singer-rapper-songwriter-producer 88 Young

• Signed publishing deals with Platinum-selling songwriter Emily Reid, Grammy-nominated songwriter-producer Dave Pittenger, and 1960s teen idol Bobby Vinton

Management Commentary:

"Our second fiscal quarter was hallmarked by the addition of the publishing catalog of musical and cultural icon Miles Davis, in addition to rights to his recorded music and shared rights to his name and likeness. We are honored to partner with his estate ahead of his centennial year in 2026 to collaborate on unique value enhancement opportunities and share his legacy with the next generation across platforms," said Golnar Khosrowshahi, Founder and Chief Executive Officer of Reservoir Media. "Beyond this marquee deal, Reservoir continued our focus on our long-term growth strategies, through disciplined investments in our catalog, key strategic partnerships, and global diversification. We are building a scalable platform for sustained growth and meaningful value creation, and we remain focused on driving consistent, long-term returns for our shareholders."

Second Quarter Fiscal 2026 Financial Results

Summary Financials		Q2 FY26				Q2 FY25				Change
Total Revenue		$	45.4			$	40.7				12	%
Music Publishing Revenue		$	30.9			$	28.6				8	%
Recorded Music Revenue		$	13.0			$	10.7				21	%
Operating Income		$	10.7			$	10.1				6	%
OIBDA		$	18.2			$	16.6				10	%
Net Income		$	2.2			$	0.2			NM
Adjusted EBITDA		$	19.4			$	17.6				10	%

(Table Notes: $ in millions; Quarters ended September 30th; Unaudited; NM = Not Meaningful)

Total revenue in the second quarter of fiscal 2026 increased 12% to $45.4 million, compared to $40.7 million in the second quarter of fiscal 2025. This increase was driven by an 8% increase in Music Publishing revenue, alongside a 21% increase in Recorded Music revenue that was largely attributable to an increase in Performance revenue in the Music Publishing segment and continued growth of Digital revenue within the Recorded Music segment.

Operating income in the second quarter of fiscal 2026 was $10.7 million compared to operating income of $10.1 million in the second quarter of fiscal 2025. OIBDA in the second quarter of fiscal 2026 increased 10% to $18.2 million, compared to $16.6 million in the prior year’s quarter. Adjusted EBITDA in the second quarter of fiscal 2026 increased 10% to $19.4 million, compared to $17.6 million last year, primarily because of an increase in total revenues, slightly offset by an increase in administrative expenses. See below for calculations and reconciliations of OIBDA and Adjusted EBITDA to operating income and net income (loss), respectively.

Net income in the second quarter of fiscal 2026 was $2.2 million, or $0.03 per share, compared to net income of $0.2 million, or $0.00 per share, in the year-ago quarter. The increase in net income was primarily driven by the decrease in loss on fair value of swaps and increase in operating income, partially offset by higher interest expense, income tax expense and loss on foreign exchange.

Second Quarter Fiscal 2026 Segment Review

Music Publishing		Q2 FY26				Q2 FY25				Change
Revenue by Type
Digital		$	16.1			$	15.6				3	%
Performance		$	7.5			$	5.1				47	%
Synchronization		$	4.6			$	5.8				(21	%)
Mechanical		$	1.6			$	1.1				51	%
Other		$	1.1			$	1.0				5	%
Total Revenue		$	30.9			$	28.6				8	%
OIBDA		$	11.3			$	11.0				3	%

(Table Notes: $ in millions; Quarters ended September 30th; Unaudited)

Music Publishing Revenue in the second quarter of fiscal 2026 was $30.9 million, an increase of 8% compared to $28.6 million in last fiscal year’s second quarter. The increase was mainly due to an increase in Performance revenue driven by the performance of hit songs, an increase in Mechanical revenue primarily driven by the strength of physical sales and the acquisition of new catalogs, as well as an increase in Digital revenue.

In the second quarter of fiscal 2026, Music Publishing OIBDA increased 3% to $11.3 million, compared to $11.0 million in the second quarter of fiscal 2025. Music Publishing OIBDA margin in the second quarter decreased from 38% to 37%. The increase in Music Publishing OIBDA was driven by an increase in revenues, and the decrease in OIBDA Margin reflects higher cost of revenue and administration expenses as percentages of revenues.

Recorded Music		Q2 FY26				Q2 FY25				Change
Revenue by Type
Digital		$	8.7			$	7.2				20	%
Physical		$	1.3			$	1.5				(10	%)
Neighboring Rights		$	1.1			$	1.1				2	%
Synchronization		$	1.8			$	0.9				106	%
Total Revenue		$	13.0			$	10.7				21	%
OIBDA		$	6.6			$	5.4				22	%

(Table Notes: $ in millions; Quarters ended September 30th; Unaudited)

Recorded Music Revenue in the second quarter of fiscal 2026 was $13.0 million, an increase of 21% compared to $10.7 million in last year’s second quarter. The increase was driven by an increase in digital revenue driven by the acquisition of catalogs and continued growth at music streaming services and an increase in synchronization revenue driven by the timing of licenses.

In the second quarter of fiscal 2026, Recorded Music OIBDA increased 22%, to $6.6 million, compared to $5.4 million in the second quarter of fiscal 2025. This increase primarily reflects an increase in revenues. Recorded Music OIBDA margin in the second quarter remains unchanged at 51%.

Balance Sheet and Liquidity

For the six months ended September 30, 2025, cash provided by operating activities was $25.3 million, an increase of $3.4 million compared to the same period last year, primarily due to an increase in cash provided by working capital and an increase in earnings.

As of September 30, 2025, Reservoir had cash and cash equivalents of $27.9 million and $124.2 million available for borrowing under its revolving credit facility, for total available liquidity of $152.1 million. Total debt was $421.8 million (net of $4.0 million of deferred financing costs) and Net Debt was $393.9 million (defined as total debt, less cash and equivalents and deferred financing costs). This compares to cash and cash equivalents of $21.4 million and $58.2 million available for borrowing under its revolving credit facility, for total available liquidity of $79.6 million as of March 31, 2025. Total debt was $388.1 million (net of $3.7 million of deferred financing costs) and Net Debt was $366.7 million as of March 31, 2025.

Fiscal Year 2026 Outlook

Reservoir narrows and positively adjusts its previously provided financial outlook ranges for fiscal year 2026, and expects the financial results for the year ending March 31, 2026, to be as follows:

Outlook		Guidance				Growth (at mid-point)
Revenue		$	167M – $170M				6	%
Adjusted EBITDA		$	70M – $72M				8	%

Jim Heindlmeyer, Chief Financial Officer of Reservoir, stated, "Our financial performance emphasizes our ability to drive value from our existing portfolio and consistently identify high-quality, high-demand assets with attractive economics. With the first half of the fiscal year behind us, we have the confidence to positively adjust our guidance ranges for both revenue and adjusted EBITDA for the 2026 fiscal year."

Conference Call Information

Reservoir is hosting a conference call for analysts and investors to discuss its financial results for the second quarter for fiscal year ending March 31, 2026 at 10:00 a.m. EST today, November 4, 2025. The conference call can be accessed via webcast in the Investor Relations section of the Company’s website at https://investors.reservoir-media.com/news-and-events/events-and-presentations.

Interested parties may also participate in the call using the following registration link: Here. Once registered, participants will receive a dial-in number as well as a PIN to enter the event. Participants may re-register for the conference call in the event of a lost dial-in number or PIN. Shortly after the conclusion of the conference call, a replay of the audio webcast will be available in the investor relations section of Reservoir’s website for 30 days after the event.

About Reservoir Media, Inc.

Reservoir is an independent music company based in New York City and with offices in Los Angeles, Nashville, Toronto, London, Abu Dhabi, and Mumbai. Reservoir is the first female-founded and led publicly traded independent music company in the U.S. Founded as a family-owned music publisher in 2007, Reservoir represents copyrights and master recordings including titles dating as far back as 1900 and hundreds of #1 releases worldwide. Reservoir frequently holds a Top 10 U.S. Market Share according to Billboard’s Publishers Quarterly, was twice named Publisher of the Year by Music Business Worldwide’s The A&R Awards and won Independent Publisher of the Year at the 2020 and 2022 Music Week Awards.

Reservoir also represents a multitude of recorded music through Chrysalis Records, Tommy Boy Music, and Philly Groove Records and manages artists through its ventures with Blue Raincoat Music and Big Life Management.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and are made in reliance on the safe harbor protections provided thereunder. Forward-looking statements are typically identified by words such as "anticipate," "believe," "continue," "could," "estimate," "expect," "forecast," "intend," "may," "might," "outlook," "plan," "possible," "potential," "predict," "project," "should," "target," "would" and other similar words and expressions. Forward-looking statements in this press release relate to, among other things: Reservoir’s anticipated financial condition, results of operations and performance, expected growth, plans and objectives for future operations, business prospects and market conditions. Forward-looking statements are based on the current expectations and beliefs of management and information currently available to management. These statements are inherently subject to a number of risks, uncertainties and assumptions, many of which are outside of our control and could cause future events or results to be materially different from those stated or implied in this press release, including the risk factors that are described in Reservoir’s Annual Report on Form 10-K for the year ended March 31, 2025 and our other filings with the SEC available on the SEC’s website at www.sec.gov or Reservoir’s website at www.reservoir-media.com. Any forward-looking statement made in this press release speaks only as of the date on which it is made and Reservoir undertakes no obligation to update or revise any forward-looking statement, whether as a result of new information, future developments or otherwise.

Reservoir Media, Inc. and Subsidiaries
Condensed Consolidated Statements of Income (Loss)
Three and Six Months Ended September 30, 2025 versus September 30, 2024
(Unaudited)
(Expressed in U.S. dollars)

		Three Months Ended September 30,												Six Months Ended September 30,
		2025				2024				% Change				2025				2024				% Change
Revenues		$	45,435,051			$	40,667,393				12	%		$	82,599,344			$	74,984,236				10	%
Costs and expenses:
Cost of revenue			16,532,205				14,831,371				11	%			29,724,920				28,112,487				6	%
Amortization and depreciation			7,556,863				6,430,019				18	%			14,870,600				12,814,776				16	%
Administration expenses			10,659,442				9,283,977				15	%			21,870,589				18,973,414				15	%
Total costs and expenses			34,748,510				30,545,367				14	%			66,466,109				59,900,677				11	%
Operating income			10,686,541				10,122,026				6	%			16,133,235				15,083,559				7	%
Interest expense			(6,741,657	)			(4,960,408	)							(13,037,615	)			(10,019,806	)
(Loss) gain on foreign exchange			(387,010	)			(36,348	)							708,404				(95,811	)
Loss on fair value of swaps			(315,998	)			(5,126,907	)							(1,313,163	)			(5,617,202	)
Other income (expense), net			(90,707	)			1,033								(254,483	)			(98,489	)
Income (loss) before income taxes			3,151,169				(604	)							2,236,378				(747,749	)
Income tax expense (benefit)			947,313				(152,593	)							676,247				(446,561	)
Net income (loss)			2,203,856				151,989								1,560,131				(301,188	)
Net loss attributable to noncontrolling interests			53,985				33,026								142,051				139,548
Net income (loss) attributable to Reservoir Media, Inc.		$	2,257,841			$	185,015							$	1,702,182			$	(161,640	)
Earnings (loss) per common share:
Basic		$	0.03			$	–							$	0.03			$	–
Diluted		$	0.03			$	–							$	0.03			$	–
Weighted average common shares outstanding:
Basic			65,566,514				65,186,357								65,468,739				65,079,114
Diluted			66,273,757				65,837,273								66,166,846				65,079,114

Reservoir Media, Inc. and Subsidiaries
Condensed Consolidated Balance Sheets
September 30, 2025 versus March 31, 2025
(Expressed in U.S. dollars)
(Unaudited)

		September 30, 2025				March 31, 2025
Assets
Current assets
Cash and cash equivalents		$	27,939,407			$	21,386,140
Accounts receivable			35,882,779				37,848,611
Current portion of royalty advances			14,869,185				15,182,463
Other current assets			5,093,461				4,867,081
Total current assets			83,784,832				79,284,295
Intangible assets, net			752,471,272				719,673,219
Equity method and other investments			2,581,853				1,100,000
Royalty advances, net of current portion and reserves			55,131,561				55,508,155
Property and equipment, net			459,517				406,784
Operating lease right of use assets, net			6,657,157				5,949,418
Fair value of swap assets			856,181				1,828,303
Other assets			1,593,138				1,376,836
Total assets		$	903,535,511			$	865,127,010
Liabilities
Current liabilities
Accounts payable and accrued liabilities		$	4,085,207			$	5,394,755
Royalties payable			48,554,356				47,210,727
Accrued payroll			1,021,598				2,588,758
Deferred revenue			5,005,731				1,885,462
Other current liabilities			3,280,881				7,954,208
Income taxes payable			1,393				803,342
Total current liabilities			61,949,166				65,837,252
Secured line of credit			421,813,199				388,134,754
Deferred income taxes			39,784,463				38,228,099
Operating lease liabilities, net of current portion			6,648,113				5,723,930
Fair value of swap liability			751,049				410,008
Other liabilities			473,030				593,185
Total liabilities			531,419,020				498,927,228
Contingencies and commitments
Shareholders’ Equity
Preferred stock			–				–
Common stock			6,560				6,524
Additional paid-in capital			345,557,414				344,145,789
Retained earnings			24,849,752				23,147,570
Accumulated other comprehensive income (loss)			522,810				(2,422,107	)
Total Reservoir Media, Inc. shareholders’ equity			370,936,536				364,877,776
Noncontrolling interest			1,179,955				1,322,006
Total shareholders’ equity			372,116,491				366,199,782
Total liabilities and shareholders’ equity		$	903,535,511			$	865,127,010

Supplemental Disclosures Regarding Non-GAAP Financial Measures

This press release includes certain financial information, such as OIBDA, OIBDA margin, EBITDA, Adjusted EBITDA, and Net Debt, which has not been prepared in accordance with United States generally accepted accounting principles ("GAAP"). Reservoir’s management uses these non-GAAP financial measures to evaluate Reservoir’s operations, measure its performance and make strategic decisions. Reservoir believes that the use of these non-GAAP financial measures provides useful information to investors and others in understanding Reservoir’s results of operations and trends in the same manner as Reservoir’s management and in evaluating Reservoir’s financial measures as compared to the financial measures of other similar companies, many of which present similar non-GAAP financial measures. However, these non-GAAP financial measures are subject to inherent limitations as they reflect the exercise of judgments by Reservoir’s management about which items are excluded or included in determining these non-GAAP financial measures and, therefore, should not be considered as a substitute for net income, operating income or any other operating performance measures calculated in accordance with GAAP. Using such non-GAAP financial measures in isolation to analyze Reservoir’s business would have material limitations because the calculations are based on the subjective determination of Reservoir’s management regarding the nature and classification of events and circumstances. In addition, although other companies in Reservoir’s industry may report measures titled OIBDA, OIBDA margin, Adjusted EBITDA, and Net Debt, or similar measures, such non-GAAP financial measures may be calculated differently from how Reservoir calculates such non-GAAP financial measures, which reduces their overall usefulness as comparative measures. Because of these limitations, such non-GAAP financial measures should be considered alongside other financial performance measures and other financial results presented in accordance with GAAP. You can find the reconciliation of these non‐GAAP financial measures to the nearest comparable GAAP measures in the tables below.

OIBDA

Reservoir evaluates operating performance based on several factors, including its primary financial measure of operating income before non-cash depreciation of tangible assets and non-cash amortization of intangible assets ("OIBDA"). Reservoir considers OIBDA to be an important indicator of the operational strengths and performance of its businesses and believes this non-GAAP financial measure provides useful information to investors because it removes the significant impact of amortization from Reservoir’s results of operations. However, a limitation of the use of OIBDA as a performance measure is that it does not reflect the periodic costs of certain capitalized tangible and intangible assets used in generating revenues in Reservoir’s businesses and other non-operating income (loss). Accordingly, OIBDA should be considered in addition to, not as a substitute for, operating income, net income attributable to us and other measures of financial performance reported in accordance with GAAP. In addition, our definition of OIBDA may differ from similarly titled measures used by other companies. OIBDA Margin is defined as OIBDA as a percentage of revenue.

EBITDA and Adjusted EBITDA

EBITDA is defined as earnings (net income or loss) before net interest expense, income tax (benefit) expense, non-cash depreciation of tangible assets and non-cash amortization of intangible assets and is used by management to measure operating performance of the business. Adjusted EBITDA, in addition to adjusting net income to exclude income tax expense, interest expense and depreciation and amortization, further adjusts net income by excluding items or expenses such as, among others, (1) any non-cash charges (including any impairment charges and loss on early extinguishment of debt and to write-down an equity investment to its estimated fair value), (2) any net gain or loss on foreign exchange, (3) any net gain or loss resulting from interest rate swaps, (4) equity-based compensation expense and (5) certain unusual or non-recurring items.

Adjusted EBITDA is a key measure used by Reservoir’s management to understand and evaluate operating performance, generate future operating plans, and make strategic decisions regarding the allocation of capital. However, certain limitations on the use of Adjusted EBITDA include, among others, (1) it does not reflect the periodic costs of certain capitalized tangible and intangible assets used in generating revenue for Reservoir’s business, (2) it does not reflect the significant interest expense or cash requirements necessary to service interest or principal payments on Reservoir’s indebtedness and (3) it does not reflect every cash expenditure, future requirements for capital expenditures or contractual commitments. In particular, Adjusted EBITDA measure adds back certain non-cash, unusual or non-recurring charges that are deducted in calculating net income; however, these are expenses that may recur, vary greatly and are difficult to predict. In addition, Adjusted EBITDA is not the same as net income or cash flow provided by operating activities as those terms are defined by GAAP and does not necessarily indicate whether cash flows will be sufficient to fund cash needs.

Net Debt

Reservoir defines Net Debt as total debt, less cash and equivalents and deferred financing costs.

Reservoir Media, Inc.
Reconciliation of Operating Income to OIBDA
Three and Six Months Ended September 30, 2025 versus September 30, 2024
(Unaudited)
(dollars in thousands)

		For the Three Months Ended September 30,								For the Six Months Ended September 30,
		2025				2024				2025				2024
Revenues		$	45,435			$	40,667			$	82,599			$	74,984
Cost of revenue			16,532				14,831				29,725				28,112
Administration expenses			10,659				9,284				21,871				18,973
OIBDA			18,243				16,552				31,004				27,898
Amortization and depreciation			7,557				6,430				14,871				12,815
Operating income		$	10,687			$	10,122			$	16,133			$	15,084

Reservoir Media, Inc. and Subsidiaries
Reconciliation of Music Publishing Segment Reporting Operating Income to OIBDA
Three and Six Months Ended September 30, 2025 versus September 30, 2024
(Unaudited)
(dollars in thousands)

		For the Three Months Ended September 30,								For the Six Months Ended September 30,
		2025				2024				2025				2024
Revenues		$	30,875			$	28,596			$	55,808			$	52,596
Cost of revenue			13,047				11,782				23,483				22,418
Administration expenses			6,512				5,853				13,445				12,434
OIBDA		$	11,317			$	10,961			$	18,880			$	17,744

Reservoir Media, Inc. and Subsidiaries
Reconciliation of Recorded Music Segment Reporting Operating Income to OIBDA
Three and Six Months Ended September 30, 2025 versus September 30, 2024
(Unaudited)
(dollars in thousands)

		For the Three Months Ended September 30,								For the Six Months Ended September 30,
		2025				2024				2025				2024
Revenues		$	12,982			$	10,693			$	23,426			$	20,323
Cost of revenue			3,486				3,049				6,242				5,695
Administration expenses			2,901				2,239				5,735				4,773
OIBDA		$	6,596			$	5,405			$	11,450			$	9,856

Reservoir Media, Inc. and Subsidiaries
Reconciliation of Net Income (Loss) to Adjusted EBITDA
Three and Six Months Ended September 30, 2025 versus September 30, 2024
(Unaudited)
(dollars in thousands)

		For the Three Months Ended September 30,								For the Six Months Ended September 30,
		2025				2024				2025				2024
Net Income (Loss)		$	2,204			$	152			$	1,560			$	(301	)
Income Tax Expense (Benefit)			947				(153	)			676				(447	)
Interest Expense			6,742				4,960				13,038				10,020
Amortization and Depreciation			7,557				6,430				14,871				12,815
EBITDA			17,450				11,390				30,145				22,087
Loss (Gain) on Foreign Exchange(a)			387				36				(708	)			96
Loss on Fair Value of Swaps(b)			316				5,127				1,313				5,617
Non-cash Share-based Compensation(c)			1,113				1,053				2,247				2,327
Other (Income) Expense, Net(d)			91				(1	)			254				98
Adjusted EBITDA		$	19,357			$	17,605			$	33,251			$	30,226

(a) Reflects the (gain) or loss on foreign exchange fluctuations.
(b) Reflects the non-cash loss on the mark-to-market of interest rate swaps.
(c) Reflects non-cash share-based compensation expense related to the Reservoir Media, Inc. 2021 Omnibus Incentive Plan.
(d) Reflects Reservoir’s share of losses recorded by equity method investments.

Media Contact

Reservoir Media, Inc.
Suzy Arrabito
Vice President, Marketing & Communications
sa@reservoir-media.com
www.reservoir-media.com

Investor Contact

Alpha IR Group
Jackie Marcus or Nathan Skown
RSVR@alpha-ir.com

SOURCE: Reservoir Media, Inc.

View the original press release on ACCESS Newswire

Successfully Completes the Company’s Process of Regaining Full SEC Compliance

TAMPA, FLORIDA / ACCESS Newswire / November 4, 2025 / Specificity Inc. (OTCID:SPTY) (the "Company"), the fast-scaling ad tech disruptor redefining digital marketing precision, today announced that its S-1 Registration Statement is now declared effective; initially filed on October 14, 2025 with the United States Securities and Exchange Commission.

The Company’s STRATA Agreement with an institutional investor is now active and available to support growth. The alternative reporting status on OTC Markets will be removed now that the Company is declared fully SEC reporting compliant.

Jason Wood, Founder of Specificity, commented, "This marks a major milestone achievement for our Company, as we have successfully navigated the process of regaining full SEC compliance. In addition, the effectiveness of this filing enables us to access capital to spur our growth. This approach is in the best interest of all shareholders, as it is the least dilutive way of bringing in additional capital, and is in the Company’s control in regards to timing, dollar amounts and pricing. We have been very busy over the past several weeks in closing new business and look forward to continuing to increase our communications and visibility with all shareholders and Wall Street at large."

About Specificity, Inc.

Specificity (OTCID:SPTY) is a performance-driven digital marketing firm revolutionizing how brands connect with real people. Leveraging advanced ad tech and proprietary data, Specificity enables precision targeting of in-market consumers across display, social, and video-guaranteeing that every campaign reaches the right human, in the right place, at the right time.

For further information about Specificity Inc. and the range of digital marketing solutions offered, visit – https://www.specificityinc.com/. Specificity also has a growing online community across social media, including Facebook and LinkedIn. Specificity is a publicly traded company, ticker symbol #SPTY.

For more information, please contact:

Media:
Chris Gruening
Vice President, Client Services
chris@specificityinc.com

Forward-Looking Statements Disclaimer:

This press release contains forward-looking statements that can be identified by terminology such as "believes," "expects," "potential," "plans," "suggests," "may," "should," "could," "intends," or similar expressions. Many forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual results to be materially different from any future results implied by such statements. Many factors are difficult to predict accurately and are generally beyond the Specificity’s control. Forward-looking statements speak only as to the date they are made, and we do not undertake to update forward-looking statements to reflect circumstances or events that occur after the date the forward-looking statements are made.

Although forward-looking statements contained in this presentation are based upon what management of Specificity Inc. believes are reasonable assumptions, there can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Specificity Inc. undertakes no obligation to update forward-looking statements if circumstances or management’s estimates or opinions should change except as required by applicable securities laws. The reader is cautioned not to place undue reliance on forward-looking statements.

SOURCE: Specificity Inc.

View the original press release on ACCESS Newswire

New Book by Spiritual Healer and Author Dr. Lisa Thompson Guides Readers from Darkness Into Divine Purpose.

LOS ANGELES, CA / ACCESS Newswire / November 3, 2025 / In a time when millions are quietly navigating the ache of loss, Dr. Lisa Thompson has emerged as a spiritual guide for the grieving. Her new book, Through Loss Into Light, offers a compassionate, soul-stirring journey through grief-not as something to escape, but as a powerful catalyst for awakening, transformation, and spiritual alignment.

Cover of Through Loss Into Light by Dr. Lisa Thompson

Blending lived experience with her background as a mystic, multidimensional healer, and energy coach, Thompson delivers a message that is equal parts raw vulnerability and radiant hope.

"Grief is not the end of the story," says Dr. Thompson. "It’s the gateway to your light."

A Global Awakening in Motion

Through Loss Into Light speaks to more than one woman’s healing-it mirrors a global awakening in motion. As individuals across the world navigate grief, uncertainty, and transformation, this book offers a spiritual framework rooted in higher consciousness. It serves as a guide for those ready to transmute personal loss into collective light and step into a new timeline of purpose, unity, and inner power.

The book offers readers:

• A firsthand look at the unraveling and rebuilding that follow sudden loss

• Authentic accounts of after-death communication and messages from the other side

• Energy-clearing and grounding practices for navigating trauma and spiritual sensitivity

• Reflections and prompts for those moving through grief, awakening, or life transitions

Readers are invited not to suppress pain, but to alchemize it-to use loss as a doorway into deeper meaning, greater purpose, and spiritual wholeness.

About Dr. Lisa Thompson

Dr. Lisa Thompson is a spiritual teacher, speaker, and creator of the Infinity Healing Method™, a multidimensional modality for clearing energetic blocks and activating soul purpose. Her work has touched thousands through retreats, certification trainings, and private sessions. She is now available for podcast interviews, media appearances, and live event collaborations.

"This book is a lifeline for those who’ve lost something-or someone-they thought they couldn’t live without-and are ready to live again." – Lynne Stevens.

Book Details

• Title: Through Loss Into Light: A Journey of Grief, Healing, and the Love That Remains

• Author: Lisa Thompson, PhD

• Publisher: Transcendent Publishing

• Release Date: November 2, 2025

• Formats: Paperback, eBook

• ISBN: 979-8-9992030-9-0

• Website: DrLisaJThompson.com

Media & Booking Inquiries:
Lauren Carver
Lauren@DrLisaJThompson.com
https://www.mysticmanta.com/speaking-media

SOURCE: Dr. Lisa Thompson

View the original press release on ACCESS Newswire

New Book by Spiritual Healer and Author Dr. Lisa Thompson Guides Readers from Darkness Into Divine Purpose.

LOS ANGELES, CA / ACCESS Newswire / November 3, 2025 / In a time when millions are quietly navigating the ache of loss, Dr. Lisa Thompson has emerged as a spiritual guide for the grieving. Her new book, Through Loss Into Light, offers a compassionate, soul-stirring journey through grief-not as something to escape, but as a powerful catalyst for awakening, transformation, and spiritual alignment.

Cover of Through Loss Into Light by Dr. Lisa Thompson

Blending lived experience with her background as a mystic, multidimensional healer, and energy coach, Thompson delivers a message that is equal parts raw vulnerability and radiant hope.

"Grief is not the end of the story," says Dr. Thompson. "It’s the gateway to your light."

A Global Awakening in Motion

Through Loss Into Light speaks to more than one woman’s healing-it mirrors a global awakening in motion. As individuals across the world navigate grief, uncertainty, and transformation, this book offers a spiritual framework rooted in higher consciousness. It serves as a guide for those ready to transmute personal loss into collective light and step into a new timeline of purpose, unity, and inner power.

The book offers readers:

• A firsthand look at the unraveling and rebuilding that follow sudden loss

• Authentic accounts of after-death communication and messages from the other side

• Energy-clearing and grounding practices for navigating trauma and spiritual sensitivity

• Reflections and prompts for those moving through grief, awakening, or life transitions

Readers are invited not to suppress pain, but to alchemize it-to use loss as a doorway into deeper meaning, greater purpose, and spiritual wholeness.

About Dr. Lisa Thompson

Dr. Lisa Thompson is a spiritual teacher, speaker, and creator of the Infinity Healing Method™, a multidimensional modality for clearing energetic blocks and activating soul purpose. Her work has touched thousands through retreats, certification trainings, and private sessions. She is now available for podcast interviews, media appearances, and live event collaborations.

"This book is a lifeline for those who’ve lost something-or someone-they thought they couldn’t live without-and are ready to live again." – Lynne Stevens.

Book Details

• Title: Through Loss Into Light: A Journey of Grief, Healing, and the Love That Remains

• Author: Lisa Thompson, PhD

• Publisher: Transcendent Publishing

• Release Date: November 2, 2025

• Formats: Paperback, eBook

• ISBN: 979-8-9992030-9-0

• Website: DrLisaJThompson.com

Media & Booking Inquiries:
Lauren Carver
Lauren@DrLisaJThompson.com
https://www.mysticmanta.com/speaking-media

SOURCE: Dr. Lisa Thompson

View the original press release on ACCESS Newswire

Dr. Kurt A. Dasse Unveils His Gripping Works of Fiction Exploring Love, Law, and Resilience

COCOA BEACH, FL / ACCESS Newswire / November 3, 2025 / Readers seeking moving, intelligent, and emotionally gripping fiction will find compelling new works by Dr. Kurt A. Dasse, whose unique background in medical science informs each narrative with depth, realism, and heart.

His books, Law and the Heart and The Sleep Doctors, each stand on their own yet collectively highlight his ability to blend storytelling with critical human themes that resonate with women and readers worldwide.

Law and the Heart combines romance, legal suspense, and medical drama. The story follows Dr. Nathaniel Belder, a world-renowned heart surgeon, and Sandra, a brilliant Singaporean attorney. Their budding love story becomes entangled in a murder mystery tied to medical malpractice, device innovation, and hidden conspiracies; testing both their personal bond and professional courage.

Meanwhile, The Sleep Doctors takes readers deep into a techno-thriller rooted in neuroscience and military science. It follows the visionary Dr. David Brace, whose research into brainwave technology and sleep manipulation opens doors to innovation but also peril when his work is co-opted for dangerous purposes. This narrative blends science, suspense, and romance, exploring the fine line between genius and obsession.

Across both novels, Dr. Dasse delivers fiction that is both thought-provoking and emotionally accessible, offering stories that are page-turners while also reflecting on universal struggles: love, loss, resilience, and the quest for truth. His works are especially relevant for women readers who appreciate strong emotional arcs and authentic human challenges intertwined with science and law.

"Fiction allows me to explore truths about medicine, ethics, and human resilience in ways that research articles never could," Dr. Dasse notes. "Each story is rooted in what I’ve witnessed over decades in medical science but transformed into narratives that readers can connect with on a deeply personal level."

About the Author

Dr. Kurt A. Dasse is an internationally recognized physiologist with over forty years of experience developing and commercializing medical devices and therapies for cardiac, respiratory, and kidney disorders. A Clinical Professor of Cardiothoracic Surgery at the University of Louisville Medical School, he has authored more than 100 journal articles and book chapters. Today, he brings his expertise to fiction writing, crafting novels that merge medical authenticity with compelling human stories.

Availability

Law and the Heart and The Sleep Doctors are available nationally and internationally. Readers, bloggers, and media outlets are encouraged to explore these works that illuminate the human spirit through medical and legal storytelling.

For more information or interview requests, please contact:

Mr. Larry White (on behalf of Dr. Kurt A. Dasse) at larry.white@ingrampublishershouse.com

These titles not only entertain but also invite readers to reflect on the intersections of medicine, morality, and love; an exploration that speaks to the resilience of the human heart in every sense.

Disclaimer:
This press release has been prepared by Ingram Publisher’s House for media distribution. The views and opinions expressed herein are those of the author and do not necessarily reflect those of Ingram Publisher’s House. For editorial or interview inquiries, please contact Ingram Publisher’s House at larry.white@ingrampublishershouse.com

PR & Media Contact

Larry White
Ingram Publisher’s House
https://ingrampublishershouse.com/

SOURCE: Ingram Publisher’s House

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• Compressed – Love law

View the original press release on ACCESS Newswire

LAS VEGAS, NV / ACCESS Newswire / November 3, 2025 / Deck Expo, North America’s largest gathering place for deck and outdoor living professionals, concluded on October 24, uniting a global audience to explore cutting-edge innovations, share industry insights and create strategic partnerships that will shape the future of outdoor living design and construction.

Sponsored by the North American Deck and Railing Association (NADRA), Deck Expo brings together professionals from 40 countries to connect with leading brands, buyers and suppliers while exploring the latest trends in safety, efficiency and design. The show features an extensive range of products spanning outdoor lighting, furniture, barbeques, grills, fireplaces, tiles, equipment and outdoor living software, with exhibitor demonstrations taking place right on the show floor.

Keynote Addresses Resilience and Mindset of Champions

The keynote presentation by Darren Woodson, Former NFL Player and current managing principle in commercial real estate, drew a capacity audience to experience a powerful lesson of strength, perseverance and excellence. Woodson shared insights from his athletic career and demonstrated how these lessons translate into effective leadership.

Categories of Focus

Prominent industry experts delivered comprehensive education on highly sought-after topics in decking and outdoor living. Decks Done Right, presented by Simpson Strong-Tie, delivered presentations covering topics from footings, post bases and beams to corrosion and pressure-treated wood. The Outdoor Living Stage featured sessions on client acquisition and relationship building, artificial intelligence in deck building, modern marketing, future-proofing business and strategic business growth. This year, two sessions were also presented in Spanish by professional builder Tony McKlem, covering topics such as efficient quotes and sales and effective uses of social media for businesses.

Expert decking professionals from Hollywood Decks, Culpeper Wood Preservers, GW Davis Co., and Simpson Strong-Tie participated in dynamic panel discussions, sharing proven strategies behind winning high-end clients, mastering the art of selling luxury outdoor living and leveraging artificial intelligence for smarter deck building. NADRA also hosted a three-day workshop titled The Deck Business Blueprint, presented by Legacy Deck Academy, covering essentials like sales, marketing, performance and hiring.

Innovation took center stage at Deck Expo as companies unveiled groundbreaking products and services that are revolutionizing the outdoor living landscape. MoistureShield introduced CoolDeck Technology, the industry’s first composite decking solution designed to significantly reduce heat absorption. Simpson Strong-Tie presented the latest collection of structurally rated fasteners and anchors designed to be stronger, faster and safer installation for outdoor living professionals.

"The industry’s best minds united this week to advance critical conversations that positively impact the entire sector," shares Dana Hicks, Group Director, Pool Spa Patio and Deck Expo. "The progress demonstrated here reflects the industry’s unwavering commitment to advancement, advocacy and innovation which ultimately benefit consumers everywhere through safety standards, energy-efficient practices and genuine breakthroughs across all categories."

The Innovate Product Showcase featured forward-thinking vendors with groundbreaking offerings across various categories. From cutting-edge materials and smart technology solutions to revolutionary design tools and sustainable innovations, exhibitors presented game-changing products that are reshaping the future of outdoor living and construction.

Award winners include:

• BBQs & BBQ Products: EXTERUS Outdoor Kitchen Design Software by Forshaw 

"It was so great to see the assortment of suppliers of grills, saunas, outdoor lighting and heaters, and the many areas that make up the whole of outdoor living, all come together at Deck Expo," adds Michael Beaudry, Executive Vice President of NADRA.

Practical Industry Education

"There are so many great connections that we make here. We sell everything that it takes to build a deck, from framing to the concrete anchors and certainly the fasteners. There is a lot of education, depending on the codes and the requirements of someone’s area to help them evolve and move forward in this industry." –Simpson Strong-Tie.

Save the Date: Deck Expo 2026 

Deck Expo, co-located with International Pool Spa Patio Expo, will take place November 17-19, 2026, at the Ernest N. Morial Convention Center in New Orleans, Louisiana. For comprehensive event updates, exhibitor information, and registration details, visit www.deckexpo.com.

About Deck Expo

Deck Expo is the ultimate gathering for decking and outdoor living professionals across North America. This prestigious event, proudly sponsored by NADRA (North American Deck and Railing Association), brings together industry leaders, innovators, and experts to showcase the latest in outdoor living solutions.

About Informa Markets

Informa Markets, a subsidiary of Informa plc (LON:INF), creates platforms for industries and specialist markets to trade, innovate and grow. Our portfolio comprises more than 550 international B2B events and brands in markets including Engineering, Healthcare & Pharmaceuticals, Infrastructure, Construction & Real Estate, Fashion & Apparel, Hospitality, Food & Beverage, and Health & Nutrition, among others. We provide customers and partners around the globe with opportunities to engage, experience and do business through face-to-face exhibitions, specialist digital content and actionable data solutions. As the world’s leading exhibitions organizer, we bring a diverse range of specialist markets to life, unlocking opportunities and helping them to thrive 365 days of the year. For more information, visit www.informamarkets.com.

Media Contact

Informa Markets Infrastructure and Construction PR
ConstructionPR@informa.com

SOURCE: INFORMA MARKETS – INFRASTRUCTURE AND CONSTRUCTION

View the original press release on ACCESS Newswire

LAS VEGAS, NV / ACCESS Newswire / November 3, 2025 / Deck Expo, North America’s largest gathering place for deck and outdoor living professionals, concluded on October 24, uniting a global audience to explore cutting-edge innovations, share industry insights and create strategic partnerships that will shape the future of outdoor living design and construction.

Sponsored by the North American Deck and Railing Association (NADRA), Deck Expo brings together professionals from 40 countries to connect with leading brands, buyers and suppliers while exploring the latest trends in safety, efficiency and design. The show features an extensive range of products spanning outdoor lighting, furniture, barbeques, grills, fireplaces, tiles, equipment and outdoor living software, with exhibitor demonstrations taking place right on the show floor.

Keynote Addresses Resilience and Mindset of Champions

The keynote presentation by Darren Woodson, Former NFL Player and current managing principle in commercial real estate, drew a capacity audience to experience a powerful lesson of strength, perseverance and excellence. Woodson shared insights from his athletic career and demonstrated how these lessons translate into effective leadership.

Categories of Focus

Prominent industry experts delivered comprehensive education on highly sought-after topics in decking and outdoor living. Decks Done Right, presented by Simpson Strong-Tie, delivered presentations covering topics from footings, post bases and beams to corrosion and pressure-treated wood. The Outdoor Living Stage featured sessions on client acquisition and relationship building, artificial intelligence in deck building, modern marketing, future-proofing business and strategic business growth. This year, two sessions were also presented in Spanish by professional builder Tony McKlem, covering topics such as efficient quotes and sales and effective uses of social media for businesses.

Expert decking professionals from Hollywood Decks, Culpeper Wood Preservers, GW Davis Co., and Simpson Strong-Tie participated in dynamic panel discussions, sharing proven strategies behind winning high-end clients, mastering the art of selling luxury outdoor living and leveraging artificial intelligence for smarter deck building. NADRA also hosted a three-day workshop titled The Deck Business Blueprint, presented by Legacy Deck Academy, covering essentials like sales, marketing, performance and hiring.

Innovation took center stage at Deck Expo as companies unveiled groundbreaking products and services that are revolutionizing the outdoor living landscape. MoistureShield introduced CoolDeck Technology, the industry’s first composite decking solution designed to significantly reduce heat absorption. Simpson Strong-Tie presented the latest collection of structurally rated fasteners and anchors designed to be stronger, faster and safer installation for outdoor living professionals.

"The industry’s best minds united this week to advance critical conversations that positively impact the entire sector," shares Dana Hicks, Group Director, Pool Spa Patio and Deck Expo. "The progress demonstrated here reflects the industry’s unwavering commitment to advancement, advocacy and innovation which ultimately benefit consumers everywhere through safety standards, energy-efficient practices and genuine breakthroughs across all categories."

The Innovate Product Showcase featured forward-thinking vendors with groundbreaking offerings across various categories. From cutting-edge materials and smart technology solutions to revolutionary design tools and sustainable innovations, exhibitors presented game-changing products that are reshaping the future of outdoor living and construction.

Award winners include:

• BBQs & BBQ Products: EXTERUS Outdoor Kitchen Design Software by Forshaw 

"It was so great to see the assortment of suppliers of grills, saunas, outdoor lighting and heaters, and the many areas that make up the whole of outdoor living, all come together at Deck Expo," adds Michael Beaudry, Executive Vice President of NADRA.

Practical Industry Education

"There are so many great connections that we make here. We sell everything that it takes to build a deck, from framing to the concrete anchors and certainly the fasteners. There is a lot of education, depending on the codes and the requirements of someone’s area to help them evolve and move forward in this industry." –Simpson Strong-Tie.

Save the Date: Deck Expo 2026 

Deck Expo, co-located with International Pool Spa Patio Expo, will take place November 17-19, 2026, at the Ernest N. Morial Convention Center in New Orleans, Louisiana. For comprehensive event updates, exhibitor information, and registration details, visit www.deckexpo.com.

About Deck Expo

Deck Expo is the ultimate gathering for decking and outdoor living professionals across North America. This prestigious event, proudly sponsored by NADRA (North American Deck and Railing Association), brings together industry leaders, innovators, and experts to showcase the latest in outdoor living solutions.

About Informa Markets

Informa Markets, a subsidiary of Informa plc (LON:INF), creates platforms for industries and specialist markets to trade, innovate and grow. Our portfolio comprises more than 550 international B2B events and brands in markets including Engineering, Healthcare & Pharmaceuticals, Infrastructure, Construction & Real Estate, Fashion & Apparel, Hospitality, Food & Beverage, and Health & Nutrition, among others. We provide customers and partners around the globe with opportunities to engage, experience and do business through face-to-face exhibitions, specialist digital content and actionable data solutions. As the world’s leading exhibitions organizer, we bring a diverse range of specialist markets to life, unlocking opportunities and helping them to thrive 365 days of the year. For more information, visit www.informamarkets.com.

Media Contact

Informa Markets Infrastructure and Construction PR
ConstructionPR@informa.com

SOURCE: INFORMA MARKETS – INFRASTRUCTURE AND CONSTRUCTION

View the original press release on ACCESS Newswire

Pool and spa professionals drive critical conversations in retail performance, safety innovation and next-generation equipment technologies.

LAS VEGAS, NV / ACCESS Newswire / November 3, 2025 / The International Pool Spa Patio Expo (PSP Expo), North America’s largest trade exhibition dedicated to the pool, spa and outdoor living industries, brought together professionals from 40 countries to explore cutting-edge trends and breakthrough technologies. The comprehensive event, sponsored by the Pool & Hot Tub Alliance (PHTA), served as the industry’s premier catalyst for growth solutions, featuring the newest products and innovations ahead of the 2026 buying cycle.

Comprehensive Product Display Spans 100+ Categories

The expansive exhibition floor featured the industry’s largest assortment of pool and spa accessories available and spanned hundreds of specialized categories including advanced pool cleaning technology, cordless robotic vacuum systems and treatment solutions, premium safety coverings and state-of-the-art filtration systems. Visually engaging accessories such as LED lighting systems, decorative fountains and smart automation technologies demonstrated the industry’s commitment to enhancing outdoor living experiences.

Keynote Program Addresses Market Growth and Strategic Excellence

Three days of keynote presentations delivered valuable insights into growth opportunities within the current economic landscape, featuring expert analysis of market trends, untapped potential in new business and strategies for success.

• Day One: Panel discussion moderated by Sabeena Hickman, President & CEO of PHTA and Scott Hackworth, President of Industry Insights, featuring industry leaders Joshua Buzzell, Master CBP at Regal Pool and Design, LLC; Ed Gibbs with Gib-San Pool and Landscape Creations; Michael Moore of Morehead Pools; and Bruce Mungiguerra with Riverbend Sandler Pools.

• Day Two: Darren Woodson, former NFL Champion, presented building resilience and achieving operational excellence in competitive markets.

• Day Three: "The Power of Grounded Confidence," presented by Women of Water powered by PHTA and PoolCorp, featuring Heather Whelpley.

Industry Leadership Emphasizes Transformative Progress

"This week brought together the industry’s most innovative leaders and visionary professionals to engage in transformative discussions that will shape the future of our sector," shares Dana Hicks, Group Director, Pool Spa Patio and Deck Expo. "The remarkable progress demonstrated here reflects our industry’s commitment to advancement, advocacy and meaningful dialogue that directly benefits consumers worldwide. Through enhanced safety protocols, cutting-edge energy-efficient practices and innovation across all areas of operation, these collaborative efforts continue to elevate industry standards and deliver exceptional value to the communities we serve."

PHTA & GENESIS® Certification Programs Advance Professional Standards

GENESIS®, a company of PHTA, delivered industry-leading accredited courses in pool construction and design fundamentals. Led by subject matter experts with decades of hands-on experience, the comprehensive programs provided attendees with the highest quality education available in the pool industry, including:

• C201: GENESIS® Construction School: Concrete Pools

• GENESIS® C393: Construction Superintendent: Connecting the Field with the Home Office

• GENESIS® D211: Elements of Design

• GENESIS® Masterclass C344: Mastering the Art of Precision and Efficiency in Pool Tile Installation

The PHTA Service Certifications program offered comprehensive training opportunities, including:

• Certified Pool & Spa Inspector® (CPI®)

• Certified Pool & Spa Maintenance Specialist® (CMS®)

• Certified Pool & Spa Operator® (CPO®)

"The incredible momentum and excitement we are seeing across the pool, spa and hot tub sector truly came to life this week through the conversations on the show floor, the recognition at our awards ceremonies and the spirit that united the community," shares Sabeena Hickman, President and CEO of PHTA. "These moments showcase where our organization stands today and the extraordinary potential and passion driving us forward into an even brighter future."

Innovation Awards Recognize Breakthrough Technologies

The Innovate Product Showcase featured forward-thinking vendors presenting game-changing solutions across multiple categories. From cutting-edge materials and smart technology solutions to revolutionary design tools and sustainable innovations, exhibitors presented game-changing products that are reshaping the future of outdoor living and construction.

Award winners include:

• Chemical Sanitizers: FROG Balancing Basics Kits by FROG Products

• Pool Equipment Pad: SMART PVC FITTING by Len Gordon

• Spas & Hot Tubs: SL812 by GPM Manufacturing LLC

• Water Features: Cementitious Waterproofing by Basecrete Technologies

Million Dollar Pool Design Challenge Celebrates Aquatic Excellence

Celebrating exceptional creativity and craftsmanship in aquatic design, the Million Dollar Pool Design Challenge showcased the visionary architects and designers creating luxury and high-end aquatic spaces nationwide. Kirk Bianchi of Bianchi Designs claimed first place in the prestigious competition, earning a cash prize for his innovative design that seamlessly integrated with a nature-forward organic home concept. The design challenge is sponsored by Fire by Design.

Solutions for Diverse Business Models

"There is something for everyone. They have outdoor furniture, fire products, pools and spas. They have everything that you need. Whether you are a brick and mortar, you are a designer or you are an online business, you can make connections with the decision makers of the business to further and expand your offerings." -Elevate Backyard.

Save the Date: PSP Expo 2026

International Pool Spa Patio Expo, co-located with Deck Expo, will take place November 17-19, 2026, at the Ernest N. Morial Convention Center in New Orleans, Louisiana. For comprehensive event updates, exhibitor information, and registration details, visit www.poolspapatio.com.

About International Pool Spa Patio Expo

The International Pool Spa Patio Expo is where all segments of the industry gather to stay well-informed of trends, market directions, and technology. The event partners with The Pool & Hot Tub Alliance (PHTA) as the official Show Sponsor, GENESIS® as the official Show Endorser, Pool and Spa News (PSN) as the official Show Publication and Pool Magazine as the digital media brand. The event is owned and produced by Informa Markets.

About Informa Markets

Informa Markets, a subsidiary of Informa plc (LON:INF), creates platforms for industries and specialist markets to trade, innovate and grow. Our portfolio comprises more than 550 international B2B events and brands in markets including Engineering, Healthcare & Pharmaceuticals, Infrastructure, Construction & Real Estate, Fashion & Apparel, Hospitality, Food & Beverage, and Health & Nutrition, among others. For more information, visit www.informamarkets.com.

Media Contacts

Infrastructure and Construction PR
ConstructionPR@informa.com

SOURCE: INFORMA MARKETS – INFRASTRUCTURE AND CONSTRUCTION

View the original press release on ACCESS Newswire

BRISTOL, TN / ACCESS Newswire / November 3, 2025 / Brookmount Explorations Inc. (OTCID:BMXI) is executing a corporate restructuring that puts shares of a new gold-focused company directly into current shareholders’ hands. The move creates North America Gold, Inc., a separate entity that will own three gold properties currently held by Brookmount.

Here’s how the transaction works: Brookmount transfers its North American gold assets into the new Nevada-incorporated subsidiary. In return, Brookmount receives 60% of North America Gold’s shares. The remaining 40% gets distributed to existing BMXI shareholders as a special dividend.

The practical result? Current BMXI shareholders end up owning pieces of two companies with complementary value propositions. They keep their Brookmount shares, which now hold a 60% stake in the gold subsidiary. Plus, they receive direct ownership in North America Gold through the dividend distribution.

What the Gold Assets Are Worth

Brookmount has brought in geological consultants to confirm the value of these properties through updated resource certifications. These are independent assessments that verify how much gold is actually in the ground using Canadian NI 43-101 standards, the North American benchmark for mineral resource reporting.

Early valuation models put the total asset value above $100 million. The largest property, Moosehorn, currently shows 39,040 ounces of gold in what geologists call "inferred resources," indicating confirmed geological evidence with opportunity for expansion through additional drilling.

The audits wrapping up over the next 60 to 90 days will establish the official valuation that determines the special dividend split. That timeline suggests shareholders could see the dividend distribution sometime in the second quarter, though no specific date has been set.

Why Brookmount Is Making This Move

The restructuring appears designed to surface value that exists in Brookmount’s broader portfolio. By separating the North American gold assets into a standalone company, management creates a pure-play gold entity that investors can evaluate independently.

Timing matters here. Gold prices have been climbing, and a dedicated North American gold company with certified resources could attract investor attention that a multi-asset exploration company may differently capture. The plan includes filing SEC registration for North America Gold alongside fundraising efforts and potentially listing the subsidiary separately.

A separate listing would give the new company its own market valuation. If both entities trade independently, shareholders could benefit if the combined market value of their two positions exceeds what Brookmount alone was worth before the split.

Management and Operations

Errin Kimball, who serves as Brookmount’s Executive Director and Chief Geologist, will lead North America Gold as CEO. The company is setting up headquarters in Edmonton, Alberta, creating a dedicated team focused exclusively on developing these three properties.

This structure means the gold assets get their own management attention rather than receiving dedicated focus compared to Brookmount’s broader portfolio. For development-stage mining assets, focused management can accelerate progress on permitting, additional drilling, and partnership discussions.

What Investors Actually Receive

Current BMXI shareholders don’t need to do anything to participate. The special dividend distributes North America Gold shares automatically based on BMXI holdings as of a record date that will be announced once valuations are finalized.

The dual ownership creates several potential value drivers. First, shareholders maintain exposure to Brookmount’s other assets and its 60% stake in the gold subsidiary. Second, they gain direct ownership in North America Gold, which could trade at different valuations than the parent company. Third, if North America Gold lists separately, it creates a liquid asset that shareholders can trade independently.

The structure also means any future developments at the gold properties, whether additional resource discoveries or partnership agreements, could impact North America Gold’s valuation directly rather than being diluted across Brookmount’s broader holdings.

What Happens Next

The immediate catalyst is completion of the geological audits over the next 60 to 90 days. Those reports will establish the official resource certifications and asset valuations that determine the dividend distribution ratio.

Following the audits, Brookmount will announce a record date for the special dividend. Shareholders who own BMXI stock on that date will receive the North America Gold shares. The company will also file SEC registration documents for the new subsidiary, which investors can review for detailed asset information.

As with any corporate restructuring involving development-stage mining assets, the transaction follows standard processes for development-stage mining assets. Valuations will be established through the audit process, regulatory filings will proceed according to standard timelines, and market conditions will influence the trading dynamics of both entities. The 60 to 90 day timeline for audits provides the next concrete milestone for investors to monitor.

About Vanderbilt Report
Vanderbilt Report is a financial news and content platform. The information contained in this release is for informational purposes only and should not be considered an offer to buy or sell securities. All material is provided "as is" without any warranty of any kind.

Media Contact
Kristen Owens
info@vanderbiltreport.com

Compliance Note

The Vanderbilt Report is a financial news and analysis platform. The information contained herein is based on publicly available sources, regulatory filings, and company disclosures believed to be accurate at the time of publication. This report is for informational purposes only and should not be construed as investment advice, a solicitation, or an offer to buy or sell any security.

Readers are encouraged to perform their own due diligence and consult a licensed financial advisor before making any investment decisions. All forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially.

Vanderbiltreport.com is owned and operated by AB Holdings, a US-based corporation. We have received compensation of up to $28,000 regarding the profiling of Brookmont Gold, Inc (OTCID:BMXI). starting on October 20, 2025. It is important to note that we do not own any shares in BMXI

This page includes forward-looking statements subject to substantial risks and uncertainties. Actual outcomes may differ due to testing results, regulatory decisions, financing needs, and execution. Investors should consult SEC filings before making decisions.

SOURCE: Vanderbilt Report

View the original press release on ACCESS Newswire