Marygold Companies, Inc. (NYSE: MGLD)

The Marygold Companies, Inc. is a holding company that oversees a group of wholly owned subsidiaries operating across multiple sectors on a multinational scale.

Its primary focus lies in financial services and exchange traded fund management while also maintaining operations in food products, beauty products and formerly in security systems.

The company is incorporated in Nevada and its corporate headquarters are located in San Clemente California.

The company generates revenue primarily through investment advisory and management fees earned on the assets under management of the exchange traded funds it sponsors.

Revenue from the food products segment comes from the sale of baked goods such as meat pies sausage rolls and pastries as well as from the printing of food wrappers for third party manufacturers.

Although the security systems segment was divested in July 2025 it previously contributed revenue from the design installation and monitoring of alarm systems access control and surveillance equipment for commercial and residential customers.

The beauty products segment derives income from the sale of vegan hair and skin care products through online retail wholesale and salon distribution channels.

Revenue from the US and UK financial services segment consists of advisory fees charged on assets under management and fees related to the distribution of a mobile fintech application in the United Kingdom.

The company operates through the following segments.

• US Fund Management encompasses USCF Investments Inc and its subsidiaries USCF LLC and USCF Advisers which sponsor and manage exchange traded funds focused on commodities and related strategies. As of June 30 2025 these funds had approximately two point eight billion dollars in assets under management across sixteen distinct exchange traded products. Revenue is generated primarily through monthly management and advisory fees calculated as a percentage of average assets under management. The segment also incurs variable expenses such as custody accounting and distribution costs that fluctuate with the level of assets under management.

• Food Products consists of Gourmet Foods Ltd and its subsidiary Printstock Products Limited which produce baked goods and printed food wrappers in New Zealand. The bakery line sells meat pies sausage rolls and pastries mainly through grocery chains convenience stores and independent retailers. The printing line provides flexographic packaging to food manufacturers within New Zealand. Revenue is derived from the sale of these products to wholesale distributors and retail outlets.

• Security Systems was represented by Brigadier Security Systems 2000 Ltd which provided alarm system installation monitoring and access control services to commercial and residential customers in Saskatchewan Canada. The business derived revenue from equipment sales installation fees and recurring monitoring contracts. Brigadier was sold to an unrelated party in July 2025 after the reporting period.

• Beauty Products is represented by Kahnalytics Inc doing business as Original Sprout which formulates and sells vegan hair and skin care products globally. Products are distributed through online retail wholesale salon and specialty store channels. Revenue comes from direct consumer sales and wholesale distribution to retailers and salons.

• US and UK Financial Services includes Marygold & Co and its US advisory subsidiary as well as the UK entities Marygold & Co Limited and Step By Step Financial Planners Limited. The US operation previously offered a peer to peer mobile fintech app and investment advisory services while the UK operation provides asset management and advisory services regulated by the Financial Conduct Authority. Revenue is earned through advisory fees based on assets under management and fees associated with the fintech application in the United Kingdom.

In the exchange traded fund arena the company holds a niche position as a sponsor of commodity linked products that are not widely offered by the largest fund complexes.

Its competitors in this space include large asset managers such as BlackRock Vanguard and State Street as well as other boutique commodity fund providers.

The company differentiates itself by launching specialized funds that target specific commodity groups and by maintaining a flexible cost structure suited to smaller scale operations.

Within the food products sector the business competes with other New Zealand based producers of meat pies and baked goods.

Its competitive edge comes from controlling both production and packaging which allows tighter quality control and faster response to customer needs.

In the beauty products market the firm faces competition from other vegan and natural personal care brands.

Its advantage lies in the verified vegan formulation and the absence of toxic chemicals which appeals to health conscious consumers.

The US and UK financial services operations compete with established wealth managers and fintech platforms.

The company seeks to stand out by offering personalized advisory services and by developing digital tools that cater to specific investor preferences.

The company serves a diverse set of customers across its various business lines.

In the food products segment customers include major grocery chains convenience store operators and independent retailers and cafes in New Zealand.

The printing business sells to food manufacturers that require custom packaging with its two largest clients accounting for over half of that segment’s revenue.

Although the security systems unit has been divested its former customer base comprised commercial enterprises government agencies schools and residential home owners primarily in Saskatchewan.

The beauty products segment reaches individual consumers through online platforms as well as wholesale distributors salon chains and retail stores that stock vegan personal care items.

The US and UK financial services operations cater to individual investors seeking advisory services and to clients who use the firm’s fintech application for savings and payments.