Parks! America, Inc. (PRKA) has authorized a discretionary share repurchase program that allows the company to buy back up to 75,000 shares—representing 9.95 % of its outstanding shares—for a total of $3 million. The program can be suspended or discontinued at any time at the Board’s discretion and will be funded from the company’s cash on hand.
The authorization follows a strong financial turnaround for PRKA. The company reported a net income of $1.92 million for fiscal year 2025, a reversal from a $1.48 million loss in fiscal year 2024. Cash and short‑term investments stood at $3.88 million as of September 28 2025, giving the company ample liquidity to fund the buyback without compromising its capital‑investment plans, including planned improvements at its Georgia park.
Operationally, PRKA’s three regional safari parks have shown mixed performance. The Texas park (Aggieland Safari) posted a 45.8 % revenue growth in Q3 2025, driven by higher attendance and per‑capita spend. The Georgia park experienced a 10 % drop in attendance in the same quarter, but revenue fell only 1 % year‑over‑year, largely because the park’s temporary restroom facilities are being replaced with permanent structures—a capital‑expenditure project that is expected to enhance guest experience and support future growth.
Management emphasized the buyback as a signal of confidence in the company’s cash position and future prospects. “The past year has been a testament to our team’s resilience and the unwavering support of our community,” said President and CEO Lisa Brady. “We remain committed to restoring Wild Animal Safari® Pine Mountain to its former glory, and the share repurchase program reflects our confidence that we can return value to shareholders while continuing to invest in our parks.”
The $3 million program, while modest compared to larger buybacks, provides PRKA with a flexible tool to manage its capital structure and potentially support the share price by reducing the number of shares outstanding. It also demonstrates the company’s commitment to shareholder value following its transition to the OTCQX market on May 2 2025 and the completion of a reverse/forward stock split in April 2025.
The move underscores PRKA’s focus on capital allocation and operational execution, positioning the company to capitalize on growth opportunities in its parks while maintaining a strong balance sheet.
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