Capital Expenditure Plan

Management outlined a $250 million capital‑expenditure plan for 2026, allocating $50–$60 million internationally and the remainder to U.S. new‑build and premium‑format projects. The focus is on reactivating new‑build pipelines, expanding XD and ScreenX, and optimizing the circuit through AI‑driven pricing and operational efficiencies. Cinemark expects a return to pre‑pandemic wide‑release volumes in 2026, which should drive operating leverage and margin expansion, although market share may normalize due to capacity constraints during peak windows.