LIVE VENTURES Inc Annual Report - How They Did This Year

This past year, ending September 30, 2025, was quite active for LIVE VENTURES Inc, especially when it came to expanding its business through acquisitions.

Major Business Changes & Growth

LIVE VENTURES Inc has been busy acquiring several companies, focusing on expanding its reach and capabilities across different sectors.

• Flooring Liquidators: Right at the end of the fiscal year, on September 12, 2025, LIVE VENTURES acquired Flooring Liquidators. This move strengthens their position in the retail flooring market.
• Acquisitions from the previous year that continued to integrate: Several acquisitions made in the prior fiscal year (ending September 30, 2024) continued to be part of the company's operations throughout this year. These include:
  • Carpet Remnant Outlet Inc (CRO Acquisition): Acquired in October 2023, this acquisition has been contributing to various segments, including Retail Entertainment, Retail Flooring, Flooring Manufacturing, and Steel Manufacturing.
  • Midwest Grinding Acquisition: Acquired in June 2024, this brought in new assets like buildings, customer relationships, and trade names.
  • Central Steel Acquisition (Central Steel Fabricators): Acquired in May 2024, adding trade names, customer relationships, and non-compete agreements. This acquisition also involved a sale-leaseback transaction for a property in Broadview, Illinois, and a lease agreement in Louisville.
  • Johnson Floor & Home Acquisition: Acquired in November 2023, with locations in Tulsa, OK, and Joplin, MO. A portion of this acquisition was reclassified as a "disposal group not discontinued operations" in May 2024.
  • Precision Metal Works Inc. (PMW) Acquisition: This acquisition also contributed to the company's operations throughout the year.

These acquisitions indicate a dynamic growth strategy, bringing new customers, brands, and operational capabilities into the LIVE VENTURES family.

What They Own (Assets)

The company holds a variety of assets essential for its operations:

• Property and Equipment: This includes land, buildings, transportation equipment, machinery, furniture, and office/computer equipment. These assets are expected to be useful for various periods, from 3 years for some equipment to 40 years for buildings.
• Intangible Assets: Beyond physical assets, LIVE VENTURES also values its intangible assets like customer relationships, trade names, internet domain names, computer software, and other similar assets. These are crucial for brand value and ongoing business.

How They're Funded (Debt & Ownership)

LIVE VENTURES uses a mix of debt and ownership (equity) to fund its operations and growth.

• Debt: They have various loans, including a revolving loan from Bank of America (which is secured and has an interest rate tied to the Federal Funds Rate), equipment loans, and other notes payable. They also have "seller notes" which are debts owed to previous owners of acquired companies.
• Ownership (Equity): The company's ownership structure includes common stock, preferred stock (specifically Series E Convertible Preferred Stock), additional money invested by owners, and retained earnings (profits kept in the business). They also hold some treasury stock (common and preferred), which means they've bought back some of their own shares.

Business Segments

LIVE VENTURES operates across several distinct business segments, showing a diversified portfolio:

• Retail Entertainment
• Retail Flooring
• Flooring Manufacturing
• Steel Manufacturing
• Corporate and Other

This diversification helps spread risk and tap into different market opportunities.

Overall Impression

LIVE VENTURES Inc is actively pursuing growth through strategic acquisitions. The company has a diverse set of assets and operates across multiple segments, indicating a broad business footprint. The recent acquisition of Flooring Liquidators at the close of the fiscal year suggests continued expansion plans.