Thu, May 15, 4:28 PM (60 days ago)
**Mills Music Trust (No Ticker) Q1 2025 Financial Summary** **Quarterly Performance:** - **Revenue:** $260,759 (down from $288,427 in Q1 2024) - **Administrative Expenses:** $196,827 (up from $132,887 in Q1 2024) - **Cash Available for Distribution:** $63,978 (down from $155,586 in Q1 2024) - **Cash Distribution per Trust Unit:** $0.0000 (down from $0.5601 in Q1 2024) - **Undistributed Cash Reserved:** $63,932 for future administrative expenses and liabilities **Profit Margins & Cash Flow:** - **Operating Margin:** Negative due to administrative expenses exceeding revenue. - **Cash Flow:** Positive cash flow of $63,978, but no distributions made to unit holders. **Earnings Changes & Trends:** - **Earnings per Unit:** $0.0000 (down from $0.5601 in Q1 2024) - **Trend:** Decreasing revenue and increasing expenses indicate a negative trend. - **Uncertainties:** Ongoing disputes with EMI over Contingent Portion payments and calculation methods. **Future Operations Impact:** - **Dispute Resolution:** Uncertainty remains regarding the recovery of underpayments and resolution of calculation disputes. - **Catalogue Royalties:** Dependence on EMI's ability to collect royalties and maintain rights to the Catalogue. - **Administrative Expenses:** Continued assessment of future administrative expenses and liabilities. **Key Metrics:** - **Cash Distributions per Trust Unit:** $0.0000 (Q1 2025), down from $0.5601 (Q1 2024) - **Administrative Expenses:** $196,827 (Q1 2025), up from $132,887 (Q1 2024) **Future Outlook:** - **Cash Reserves:** $63,978 held in reserve for future administrative expenses. - **Legal & Administrative:** Continued focus on resolving disputes and managing administrative costs.