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Imax Corp
F:IMA

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Imax Corp
F:IMA
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Price: 33.2 EUR -3.49% Market Closed
Market Cap: €1.7B

Imax Corp
Investor Relations

IMAX Corp. makes large-format cinema technology for movie theaters. It designs and installs its specialized projection, sound, and theater systems, and it also helps studios and theaters prepare movies for the IMAX format. The company’s main customers are theater owners, film studios, and moviegoers who want a bigger, sharper, more immersive screen experience than a standard auditorium can provide. IMAX makes money in a few ways. It sells and leases theater systems, charges for maintenance and service, and earns fees tied to movie exhibitions and format conversions. It also benefits when studios release films in IMAX, because theaters and audiences need its format and equipment to show those movies properly. What makes IMAX different is that it sits between the movie studio and the theater, not as a traditional studio or theater chain. It is a specialist in premium presentation technology, and its business depends on being the standard way certain big-screen movies are shown in higher-end auditoriums around the world.

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Last Earnings Call
Fiscal Period
Q1 2026
Call Date
Apr 30, 2026
AI Summary
Q1 2026

Guidance reaffirmed: IMAX said it remains very confident in 2026 guidance, including record global box office of $1.4 billion, 160 to 175 system installations, and adjusted EBITDA margin of at least 45%.

Q1 soft on China: First-quarter revenue was $81.4 million, down $5 million year over year, mainly because Greater China faced a tough comparison against last year’s Ne Zha 2 surge.

Momentum building: Management said global box office is already over $100 million quarter to date and April box office topped $105 million, up more than 15% year over year.

Content pipeline: IMAX highlighted a strong slate from Hollywood, local language, and alternative content, with major titles like The Odyssey, Dune: Part 3, and several 2026-2028 tentpoles.

Network expansion: The company signed more than 40 new and upgraded systems year to date across 10 countries, including a major 10-system deal with HOYTS in Australia and New Zealand.

Capital spending: Cash from operations was $4 million, pressured by $8 million of higher lease incentives, which management framed as deliberate investment to accelerate network growth.

Key Financials
Revenue
$81.4 million
Adjusted net income
$10 million
Adjusted EPS
$0.17
Gross margin
$46 million
Operating expenditures
$28 million
Adjusted EBITDA
$31 million
Adjusted EBITDA margin
38%
Content Solutions revenue
$31 million
Content Solutions gross profit
$18 million
Content Solutions gross margin
58%
Technology Products and Services revenue
$48 million
Technology Products and Services gross margin
56%
Cash flow from operations
$4 million
Cash
$146 million
Debt
$300 million
Net leverage
0.86x
Global box office guidance
$1.4 billion
System installations guidance
160 to 175
April box office
over $105 million
Quarter-to-date global box office
over $100 million
Systems signed year to date
over 40
Q1 system installations
19
Q1 signings
23
Backlog
about 430 systems
Locations
1,865
Market share
3.8%
CapEx
$30 million to $35 million
Lease incentives
$8 million
Projected film system locations for The Odyssey
41
Earnings Call Recording
Other Earnings Calls

Management

Mr. Richard Lewis Gelfond J.D.
CEO & Director
No Bio Available
Ms. Natasha Fernandes
Executive VP & CFO
No Bio Available
Mr. Robert Darin Lister
Chief Legal Officer & Senior EVP
No Bio Available
Mr. Mark Welton
President of IMAX Global Theatres
No Bio Available
Mr. Daniel Wade Manwaring
Chief Executive Officer of IMAX China
No Bio Available
Mr. Graeme Ferguson
Co-Founder
No Bio Available
Ms. Heather Anthony
Head of Enterprise Transformation
No Bio Available
Mr. Pablo Calamera
Executive VP & CTO
No Bio Available
Ms. Jennifer Horsley
Senior VP & Head of Investor Relations
No Bio Available
Mr. Mark Jafar
Global Head of Corporate Communications
No Bio Available

Contacts

Address
ONTARIO
Mississauga
2525 Speakman Drive
Contacts
+19054036500.0
www.imax.com
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