Key Highlights10,000-metre summer drill program set to commence in June at the Aberdeen Project in Nunavut's Thelon BasinProgram designed to target high-grade unconformity-related uranium mineralization at Loki and expand the high-grade Tatiggaq discoveryLoki hosts the first uranium mineralization intersected at the unconformity in Thelon Basin sandstone, along with extensive alteration similar to major Athabasca-style systemsTatiggaq remains open along strike and at depth, with systematic step-outs planne ...

Core Insights - Geiger Energy Corp. has reported promising results from the first two drill holes of its 2026 winter program at the ACKIO prospect, part of its 100% owned Hook Project in the Athabasca Basin, Saskatchewan [1][2] Drilling Results - The early drilling at ACKIO has confirmed mineralization in both Pod 1 and Pod 7, indicating continuity within the structurally controlled system, with radiometric readings reaching up to 1,000 counts per second (cps) [3][18] - A significant 10-metre mineralized interval was intersected starting at 52 metres downhole, which included a high-intensity zone at approximately 57 metres [3][18] - The drilling program aims to expand high-grade mineralization at Pods 1 and 7 and explore additional mineralized zones along a 500-metre strike [7][12] Geological Context - The mineralization at ACKIO is characterized by strong brecciation and alteration, with hematite, chlorite, and sulphides present in calc-silicate and calc-pelite rocks [4][12] - The Hook Project has completed approximately 800 metres of drilling to date, focusing on ACKIO and the TT area, with plans to evaluate southern and eastern extensions along the structural corridor [7][12] Future Plans - The next phase of drilling will target additional zones to the south along the broader fertile trend, indicating potential for further growth in the mineralized system [2][18] - In the TT area, located 5.5 kilometres southwest of ACKIO, drilling will follow up on historical clay alteration and test for underlying mineralized systems [8]

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K (Mark one) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2025 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _________ to _________ Commission File Number: 001-40415 Mobile Infrastructure Corporation (Exact name of registrant as specified in its charter) ...

Core Insights - The company is adopting a "volume first, rate second" strategy to improve performance, initially accepting lower pricing to gain market share and stabilize occupancy, with plans to raise rates as utilization improves [1][3] - Contract parking is a stable revenue source, contributing approximately 35% of management agreement revenue, with over 6,700 contracts leading to a 10% year-over-year same-store sales growth [2][6] Financial Performance - In 2025, the company reported a revenue decline of 5.2% to $35.1 million, with fourth-quarter revenue at $8.8 million, down from $9.2 million the previous year [5][12][13] - Adjusted EBITDA remained flat at $3.9 million in Q4, while full-year Adjusted EBITDA decreased to $14.3 million from $15.8 million in 2024 [5][13][18] Strategic Initiatives - The company completed phase I of its asset rotation strategy, selling over $30 million of non-core assets, and executed a $100 million asset-backed securitization to enhance financial flexibility [14][16] - Management is focusing on building recurring contract parking revenue and improving the balance sheet, despite results falling short of initial growth expectations [3][4] Market Dynamics - Transient revenue faced pressure with a 6% decline in volumes due to localized disruptions, although transient rates increased [8][10] - The company is seeing a shift in demand dynamics, with a notable increase in residential parking contracts by about 60% year-over-year, driven by office-to-apartment conversions [6][7] 2026 Outlook - The company projects 2026 revenue between $35 million and $38 million, with an expected Adjusted EBITDA growth of approximately 10% [4][24] - Guidance assumes continued contract growth and a rebound in transient volumes, excluding any additional asset sales [20][21]

Mobile Infrastructure Corporation (BEEP) came out with a quarterly loss of $0.19 per share versus the Zacks Consensus Estimate of a loss of $0.12. This compares to a loss of $0.03 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -65.22%. A quarter ago, it was expected that this company would post a loss of $0.08 per share when it actually produced a loss of $0.09, delivering a surprise of -12.5%.Over the last four quarters, the ...

Financial Data and Key Metrics Changes - Total revenue for Q4 2025 was $8.8 million, down from $9.2 million in Q4 2024, reflecting lower transient volumes and construction impacts [16] - For the full year 2025, total revenue was $35.1 million, a decrease of 5.2% from $37 million in 2024 [19] - Net operating income (NOI) for Q4 2025 was $5.3 million, compared to $5.5 million in Q4 2024 [18] - Adjusted EBITDA for Q4 2025 was $3.9 million, flat compared to the prior year [18] - Full year adjusted EBITDA was $14.3 million, down from $15.8 million in 2024 [20] Business Line Data and Key Metrics Changes - Contract parking ended 2025 with over 6,700 contracts, showing same-store sales growth of 10% year-over-year [5] - Transient volumes declined 6% in 2025, but transient rates increased, indicating resilience [10] - Residential parking contracts increased approximately 60% year-over-year in 2025, diversifying revenue sources [9] Market Data and Key Metrics Changes - The company noted a positive shift in demand dynamics, particularly in markets with a return to office momentum [8] - Cincinnati and Nashville markets are expected to see improvements as construction disruptions are resolved [10][38] Company Strategy and Development Direction - The company executed phase I of its asset rotation strategy, selling over $30 million of non-core assets [11] - Focus remains on enhancing the quality of revenue through contract growth and optimizing pricing as utilization improves [8] - The company aims to build a more durable revenue base through contract expansion and strategic asset management [25] Management's Comments on Operating Environment and Future Outlook - Management acknowledged the uncertainty surrounding AI's impact on work and office usage but emphasized the continued need for physical infrastructure [14] - The outlook for 2026 includes expected revenue growth of $35 million to $38 million, representing a 4% increase over 2025 [22] - Management expressed confidence in sequential improvements as temporary disruptions convert into long-term growth catalysts [10][24] Other Important Information - The company paid down approximately $10 million on its line of credit in Q4 2025 [13] - The aggregate cap rate of sold assets is approximately 2%, indicating a disconnect between portfolio value and stock price [12] Q&A Session Summary Question: Can you provide details on the dispositions closed in the quarter? - Management confirmed one asset remains to close this quarter, with expectations for closing in the next 14 to 20 days [33] Question: What is the impact of local disruptions in markets like Cincinnati and Nashville? - Management noted improvements in Cincinnati with contract revenue up and several well-attended events [38] Question: How has weather impacted the portfolio in Q1? - Management indicated that while there was some impact from weather, it was largely nominal overall [44] Question: What is the status of the transition from leases to management contracts? - Management stated that the remaining transitions are expected to occur late this year and next year, with minimal impact [55] Question: What is the focus regarding asset optimization and acquisitions? - Management emphasized that the immediate focus will be on paying down the line of credit before considering acquisitions [61]

Financial Data and Key Metrics Changes - Total revenue for Q4 2025 was $8.8 million, down from $9.2 million in Q4 2024, reflecting lower transient volumes and construction impacts [16] - For the full year 2025, total revenue was $35.1 million, a decrease of 5.2% from $37 million in 2024 [19] - Net operating income (NOI) for Q4 2025 was $5.3 million, compared to $5.5 million in Q4 2024 [18] - Adjusted EBITDA for Q4 2025 was $3.9 million, flat compared to the prior year [18] - Full year adjusted EBITDA was $14.3 million, down from $15.8 million in 2024 [20] Business Line Data and Key Metrics Changes - Contract parking ended 2025 with over 6,700 contracts, showing same-store sales growth of 10% year-over-year [5] - Transient volumes declined 6% in 2025, but transient rates increased, indicating resilience [10] - Residential parking contracts increased approximately 60% year-over-year in 2025, diversifying revenue sources [9] Market Data and Key Metrics Changes - The company noted a positive shift in demand dynamics, particularly in markets with a return to office momentum [8] - Specific markets like Cincinnati and Nashville are expected to see improved performance as construction disruptions are resolved [39] Company Strategy and Development Direction - The company executed phase one of its asset rotation strategy, selling over $30 million of non-core assets [11] - Focus remains on enhancing contract parking volume and optimizing pricing as utilization improves [8] - The company aims to transition towards intelligent infrastructure, leveraging data from assets to enhance long-term value [27][28] Management's Comments on Operating Environment and Future Outlook - Management acknowledged the uncertainty surrounding AI's impact on work and office usage but emphasized the enduring value of physical assets [14] - The outlook for 2026 includes expected revenue growth of $35 million to $38 million, representing a 4% increase over 2025 [22] - Management expressed confidence in sequential improvements as temporary disruptions convert into long-term growth catalysts [10] Other Important Information - The company paid down approximately $10 million on its line of credit in Q4 2025 [13] - The aggregate cap rate of sold assets is approximately 2%, indicating a disconnect between portfolio value and stock price [12] Q&A Session Summary Question: Can you provide details on the dispositions closed in the quarter? - Management confirmed one asset remains to close this quarter, with expectations for closing in the next 14 to 20 days [33] Question: What is the impact of local disruptions in markets like Cincinnati and Nashville? - Management noted improvements in contract revenue and attendance at events in Cincinnati, with Nashville expected to see a gradual return to normal [39] Question: How has weather impacted the portfolio in Q1? - Management indicated that while there were some impacts from weather, they were largely nominal overall [44] Question: What is the status of the transition from leases to management contracts? - Management stated that the remaining transitions are expected to occur over the next 24 months, with minimal impact [55] Question: What is the focus regarding asset acquisitions moving forward? - The immediate focus will be on paying down the line of credit, with acquisitions considered on a case-by-case basis [60]

Financial Data and Key Metrics Changes - Total revenue for Q4 2025 was $8.8 million, down from $9.2 million in Q4 2024, reflecting lower transient volumes and construction impacts [16][19] - For the full year 2025, total revenue decreased by 5.2% to $35.1 million from $37 million in 2024 [19] - Net operating income (NOI) for Q4 2025 was $5.3 million, compared to $5.5 million in Q4 2024, while full year NOI was $20.7 million, down from $22.6 million in 2024 [18][19] - Adjusted EBITDA for Q4 2025 remained flat at $3.9 million, while for the full year it decreased to $14.3 million from $15.8 million in 2024 [18][20] Business Line Data and Key Metrics Changes - Contract parking ended 2025 with over 6,700 contracts, achieving same-store sales growth of 10% year-over-year [6] - Residential parking contracts increased approximately 60% year-over-year in 2025, diversifying revenue sources [10] - Transient revenue volumes declined by 6% in 2025, but transient rates increased, indicating resilience [11] Market Data and Key Metrics Changes - The company noted a positive shift in demand dynamics, particularly in markets with a return to office momentum [9] - Cincinnati and Nashville markets are expected to see improvements as construction disruptions have been resolved [11][36] Company Strategy and Development Direction - The company executed phase one of its asset rotation strategy, selling over $30 million of non-core assets [12][13] - Focus remains on strengthening the balance sheet and reducing the cost of capital through line of credit paydowns and stock repurchase programs [14][21] - The company aims to enhance its portfolio by transitioning to intelligent infrastructure, leveraging data from its assets [27] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in growth for 2026, supported by the reopening of venues and increased contract parking volumes [5][24] - The company acknowledged the uncertainty surrounding AI's impact on work and productivity but emphasized the enduring value of physical infrastructure [14][15] - Management highlighted the importance of operational enhancements and targeted strategies to improve transaction flow and revenue [26] Other Important Information - The company has repurchased over 1.6 million shares at an average price of $3.25 per share, indicating a commitment to shareholder value [21] - Guidance for 2026 includes expected revenue of $35 million to $38 million, representing a potential 4% growth over 2025 [21][23] Q&A Session Summary Question: Can you provide details on the dispositions and what is still to close? - The company has one asset remaining to close this quarter, anticipated within 14 to 20 days, with more targeted conversations for future sales [32][33] Question: What is the impact of local disruptions in markets like Cincinnati and Nashville? - Management noted improvements in Cincinnati with increased contract revenue and attendance at events, while Nashville is expected to see a gradual return to pre-disruption levels [36] Question: How has weather impacted the portfolio in Q1? - Weather disruptions were noted but deemed nominal overall, with January typically being a slow month [39][43] Question: What is the status of the transition from leases to management contracts? - The remaining transitions are expected to occur over the next 24 months, with minimal impact anticipated [54] Question: Can you update on the asset acquisition pipeline? - The focus remains on paying down the line of credit in the near term, with future acquisitions being evaluated based on capital allocation [60]

—Asset Rotation Strategy Met $30 Million Sales Target in First Year— Mobile Infrastructure Reports Fourth Quarter and Full Year 2025 Financial Results —Contract Parking Momentum Continued with 10% Volume Growth in 2025— Exhibit 99.1 —Conference Call Will be Held March 2nd at 4:30 PM ET— CINCINNATI—(BUSINESSWIRE)— Mobile Infrastructure Corporation (NASDAQ: BEEP) ("Mobile", "Mobile Infrastructure" or the "Company"), the nation's only publicly traded owner of parking infrastructure, today announced results for ...

--Contract Parking Momentum Continued with 10% Volume Growth in 2025-- --Asset Rotation Strategy Met $30 Million Sales Target in First Year-- --Multiple Catalysts Support Guidance for Accelerated Growth in 2026-- --Conference Call Will be Held March 2nd at 4:30 PM ET-- CINCINNATI, March 02, 2026 (GLOBE NEWSWIRE) -- Mobile Infrastructure Corporation (NASDAQ: BEEP) (“Mobile”, “Mobile Infrastructure” or the “Company”), the nation’s only publicly traded owner of parking infrastructure, today announced results f ...