Financial Analysis

NOTE 10. COMMITMENTS AND CONTINGENCIES On December 16, 2022, the Company received notice that on August 10, 2022 a former employee of Aggieland Wild Animal Texas, filed a Complaint in the 361st District Court of Brazos County, Texas (case no. 22-001839-CV-361), alleging the Company and Aggieland-Parks, Inc. committed several instances of employment discrimination. The Complaint sought unspecified economic, compensatory and punitive damages, as well as attorneys fees and costs. On June 3, 2024, the Company and the former employee entered into a settlement agreement and mutual release of claims related to this matter and the Company paid the former employee $ 75,000 . On March 1, 2024, Focused Compounding Fund, LP (Focused Compounding) filed a Complaint in the Eighth Judicial District Court of Clark County, Nevada (case no. A-24-888295-B) against the Company and each of the members of its Board of Directors, alleging that the defendants were contemplating efforts to entrench themselves as members of the Board of Directors. Simultaneously with filing its Complaint, Focused Compounding sought a Preliminary Injunction that would require the Company and its Directors to take various actions. On June 20, 2024, Focused Compounding, the Company and the named defendants agreed to a stipulation dismissing with prejudice any and all claims by and between the parties outlined in the initial Complaint in light of the results of the Companys annual meeting of stockholders held on June 6, 20 …

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NOTE 6. LINES OF CREDIT On October 19, 2023, the Company, through its wholly owned subsidiary Aggieland Wild Animal Texas, entered a line of credit of up to $ 350,000 with First Financial (the 2023 First Financial LOC). The 2023 First Financial LOC matured on October 11, 2024 and carried an interest rate of 5.6 % on any utilized portion. The 2023 First Financial LOC was secured by a $ 350,000 certificate of deposit issued by First Financial, which also matured on October 11, 2024 and paid an effective interest rate of 3.6 %. The Company paid a $ 500 origination fee for the 2023 First Financial LOC. The Company did not renew with 2023 First Financial LOC when the underlying certificate of deposit matured and the proceeds from the certificate of deposit were transferred to the Aggieland Wild Animal Texas operating account. On October 24, 2023, the Company, through its wholly owned subsidiary Wild Animal Georgia, entered a line of credit of up to $ 450,000 with Synovus (the 2023 Synovus LOC). The 2023 Synovus LOC matured on October 24, 2024 and carried an interest rate of 7.75 % on any utilized portion. The 2023 Synovus LOC was secured by a $ 450,000 certificate of deposit issued by Synovus, which matured on November 13, 2024 and paid an effective interest rate of 5.25 %. The Company paid a $ 4,500 origination fee for the 2023 Synovus LOC. The Company did not renew with 2023 Synovus LOC when the underlying certificate of deposit matured and the proceeds from the certificate of d …

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NOTE 9. INCOME TAXES The Company reported income (loss) before income taxes in the amount of $ 1,920,309 and $( 1,479,797 ) for the year ended September 28, 2025 and September 29, 2024, respectively. The components of the provision for (benefit from) income taxes consisted of the following: SCHEDULE OF PROVISION FOR INCOME TAX September 28, 2025 September 29, 2024 For the year ended September 28, 2025 September 29, 2024 Current: Federal $ 5,658 $ (1,610 ) State 11,655 4,635 Total current 17,313 3,025 Deferred: Federal 370,402 (290,287 ) State 74,511 (98,054 ) Total deferred 444,913 (388,341 ) Total provision (benefit) $ 462,226 $ (385,316 ) A reconciliation of the federal corporate income tax rate and the effective tax rate on income (loss) before income taxes consists of the following: SCHEDULE OF FEDERAL CORPORATE STATUTORY INCOME TAX RATE AND THE EFFECTIVE RATE September 28, 2025 September 29, 2024 For the year ended September 28, 2025 September 29, 2024 Federal statutory rate 21.0 % 21.0 % State taxes, net of federal benefit 4.3 4.3 Non-deductible expenses 0.1 (0.1 ) Permanent differences (0.5 ) Change in valuation allowance (0.8 ) 0.7 Other 0.1 Effective income tax rate 24.1 % 26.0 % Deferred tax assets and liabilities arise from temporary differences between financial reporting and tax reporting bases of assets and liabilities, and operating loss carryforwards for tax purposes. The components of deferred income tax assets and liabilities are as follows: SCHEDULE OF DEFE …

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NOTE 5. LONG-TERM DEBT On June 18, 2021 , through our wholly owned subsidiary Wild Animal Georgia, we completed a refinancing transaction with Synovus Bank. The 2021 Term Loan included an original principal amount of $ 1.95 million. The 2021 Term Loan bears interest at a rate of 3.75 % per annum and is payable in monthly installments of approximately $ 26,480 , based on a seven-year amortization period. The 2021 Term Loan has a maturity date of June 18, 2028 . The 2021 Term Loan is secured by a security deed on the assets of Wild Animal Georgia. We paid a total of approximately $ 1,514 in fees and expenses in connection with the 2021 Refinancing. The outstanding balance of the 2021 Term Loan was $ 0.83 million and $ 1.11 million as of September 28, 2025 and September 29, 2024, respectively. On April 27, 2020 , through our wholly owned subsidiary Aggieland-Parks Inc., we acquired Aggieland Wild Animal Texas. In part, this acquisition was financed with the 2020 Term Loan from First Financial Bank (First Financial). The 2020 Term Loan in the original principal amount of $ 5.0 million from First Financial is secured by substantially all the Aggieland Wild Animal Texas assets, as well as guarantees from the Company and its subsidiaries. The 2020 Term Loan had an interest rate of 5.0 % per annum, had a maturity date of April 27, 2031 , and required interest only monthly payments through April 2021. The 2020 Term Loan required monthly payments of approximately $ 53,213 beginning in …

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Recently Adopted Accounting Pronouncements In November 2023, the FASB issued ASU No. 2023-07, Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures (ASU 2023-07). ASU 2023-07 requires enhanced disclosures about significant segment expenses regularly provided to the chief operating decision maker that are included within each reported measure of segment profit or loss, and requires all annual disclosures currently required by Topic 280 to be included in interim periods. ASU No. 2023-07 is to be applied retrospectively for all periods presented in the financial statements and is effective for fiscal years beginning after December 15, 2023, and interim periods within fiscal years beginning after December 15, 2024. The Company adopted ASU 2023-07 for the fiscal year ended September 28, 2025. See Note 12, Segment Reporting . …

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NOTE 8. SIGNIFICANT TRANSACTIONS WITH RELATED PARTIES Loan Guarantee by Focused Compounding The 2025 Term Loan with Cendera Bank is secured by substantially all the assets of Aggieland-Parks, Inc., as well as a cash collateral reserve of $ 2.5 million established by Focused Compounding. See Note 5, Long Term Debt for additional information regarding the 2025 Term Loan. As of September 28, 2025, Focused Compounding owned 41.27 % of the outstanding common stock of the Company. Focused Compounding is controlled by Geoffrey Gannon and Andrew Kuhn, who are each on the Companys Board of Directors and Mr. Gannon serves as the Companys President. Land Sale On September 4, 2025, Wild Animal Georgia sold approximately 50 acres of land not used in the park operations to a management employee of the Georgia Park. The real estate purchase agreement provided for arms-length terms and conditions, as well as a condition that the land will be used for a single-family residence and the purchaser will not operate any business on the property that would compete with the operations of the Company. The Company recognized a gain on the sale in the amount of $ 15,774 . The gain is included within Other operating expenses, net in the accompanying Consolidated Statement of Operations. PARKS! AMERICA, INC. and SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS September 28, 2025 …

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NOTE 12. BUSINESS SEGMENTS The Company identifies our operating segments to be the individual parks: Georgia Park, Missouri Park and Texas Park and operates in three reportable segments. Management reviews operating results, evaluates performance and makes operating decisions, including allocating resources, on a park-by-park basis. Discrete financial information and operating results are prepared at the individual park level for use by the President and Chief Executive Officer, who is the Chief Operating Decision Maker (CODM) of the Company. The CODM uses segment operating income/(loss), defined as park earnings before interest, taxes, depreciation and amortization, and free cash flow as the reportable segment profitability measure to assess performance and allocate resources. Significant segment expenses are expenses which are regularly provided to the CODM and are included in segment operating income/(loss). These consist of segment cost of animal food, merchandise and food, other revenue driven costs, personnel costs, advertising and marketing and all other segment expenses. Segment cost of sales includes cost of animal feed and cost of gift shop merchandise, food and concessions. Other revenue driven costs include credit card fees and other revenue processing fees. Personnel costs include fixed and variable wages, benefits costs and employer payroll taxes. Other segment expenses include animal expenses, park and vehicle maintenance, insurance, utilities, outside services …

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NOTE 2. SIGNIFICANT ACCOUNTING POLICIES Fiscal Year End The Companys fiscal year-end is the Sunday closest to September 30. This fiscal calendar aligns the Companys fiscal periods closely with the seasonality of its business. The period from October through early March is geared towards maintenance and preparation for the next busy season, which typically begins in the latter half of March through early September. The high season typically ends after the Labor Day holiday weekend. The fiscal periods in this report are presented as follows, unless the context otherwise requires: Fiscal Year Ended Weeks 2025 September 28, 2025 52 2024 September 29, 2024 52 Seasonality The Companys parks are open year-round and we experience increased seasonal attendance, typically beginning in the latter half of March through early September, and historically have realized a significant portion of our annual park revenue during our third and fourth fiscal quarters. The Company generated approximately 64.0 % and 61.4 % of our annual park revenue in the third and fourth fiscal quarters of Fiscal 2025 and Fiscal 2024, respectively. Accounting Method The Company recognizes income and expenses based on the accrual method of accounting. Use of Estimates Management uses estimates and assumptions in preparing financial statements in accordance with GAAP. Those estimates and assumptions affect the reported amounts of the assets and liabilities, the disclosure of contingent assets and liabilities, and th …

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NOTE 7. STOCKHOLDERS EQUITY Common Stock At the annual shareholder meeting held on March 7, 2025, the stockholders voted to approve the amendments to the Companys Articles of Incorporation to effect a 1 for 500 reverse stock split of the Companys common stock followed immediately by an amendment to the Companys Restated Articles of Incorporation to effect a 5 for 1 forward stock split of the Companys Common Stock, herein referred to as the Reverse/Forward Stock Split. On April 1, 2025, the Board of Directors authorized the implementation of the Reverse/Forward Stock Split. On April 10, 2025, the Company filed a certificate of amendment to the Companys Articles of Incorporation (Charter) with the Secretary of State of the State of Nevada to effect a 1-for-500 reverse stock split of the shares of the Companys common stock, par value $ 0.001 per share followed immediately by the filing of a certificate of amendment to the Charter with the Secretary of State of the State of Nevada to effect a 5-for-1 forward stock split of the Company Common Stock. The immediate goal of the Reverse/Forward Stock Split was to reduce excessive administrative costs associated with having a disproportionately large number of stockholders who owned relatively few shares. No fractional shares were issued in connection with the Reverse/Forward Stock Split. Instead, the Company paid cash (without interest) to any stockholder who would be entitled to receive a fractional share as a result of the Reverse/F …

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