Reading International Inc-A 2025年度报告

FORM 10-K ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934For the fiscal year ended December31, 2025 or TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934For the transition period from _______ to ______ Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934. YesNo Indicate by check mark whether registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Exchange Act of 1934 during thepreceding 12 months (or for shorter period than the Registrant was required to file such reports), and (2) has been subject to such filing requirementsfor the past 90 days. YesNo Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted and posted pursuant toRule 405 of Regulation S-T (§ 232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required tosubmit post such files). YesNo Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, smaller reporting company, or anemerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growthcompany” in Rule 12b-2 of the Exchange Act. Large Accelerated FilerAccelerated FilerNon-Accelerated FilerSmaller Reporting CompanyEmerging Growth Company If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with anynew or revised financial accounting standards provided pursuant to Section13(a) of the Exchange Act. Indicate by check mark whether the registrant has filed a report on and attestation to its management’s assessment of the effectiveness of its internalcontrol over financial reporting under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C. 7262(b)) by the registered public accounting firm thatprepared or issued its audit report. If securities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether the financial statements of the registrant included inthe filing reflect the correction of an error to previously issued financial statements. Indicate by check mark whether any of those error corrections are restatements that required a recovery analysis of incentive-based compensationreceived by any of the registrant’s executive officers during the relevant recovery period pursuant to §240.10D-1(b). Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). YesNo As of June 30, 2025 (the last business day of the registrant’s most recently completed second fiscal quarter), the aggregate market value of theregistrant's voting and non-voting common equity held by non-affiliates based on the closing price on that date as reported by the Nasdaq StockMarket was $26,804,265. As of March30, 2026, there were 21,036,670 shares of class A non-voting common stock, par value $0.01 per share and1,680,590 shares of class B voting common stock, par value $0.01 per share, outstanding. Certain portions of the registrant’s definitive Proxy Statement for the 2026 annual meeting of the stockholders to be filed with the Securities andExchange Commission within 120 days after the end of the fiscal year ended December31, 2025 are incorporated by reference into Part III of thisAnnual Report on Form 10-K. READING INTERNATIONAL, INC.ANNUAL REPORT ON FORM 10-KYEAR ENDED DECEMBER31, 2025INDEX PagePART I4Item 1 – Our Business4Item 1A – Risk Factors20Item 1B – Unresolved Staff Comments28Item 2 – Properties29Item 3 – Legal Proceedings30Item 4 – Mine Safety Disclosures30PART II30Item 5 – Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities30Item 6 – Selected Financial Data31Item 7 – Management’s Discussion and Analysis of Financial Condition and Results of Operations32Item 7A – Quantitative and Qualitative Disclosure about Market Risk50Item 8 – Financial Statements and Supplementary Data51Management’s Report on Internal Control over Financial Reporting52Report of Independent Registered Public Accounting Firm (Consolidated Financial Statements)53Consolidated Balance Sheets as of December31, 2025 and 202455Consolidated Statements of Operations for the Three Years Ended December31, 202556Consolidated Statements of Comprehensive Income (Loss) for the Three Years Ended December31, 202557Consolidated Statements of Stockholders’ Equity for the Three Years Ended December31, 202558Consolidated Statements of Cash Flows for the Three Years Ended December31, 202559Notes to Consolidated Financial Statements60Schedule II – Valuation and Qualifying Accounts96Item 9 – Change in and Disagreements with Accountants on Accounting and Fin