Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 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: 1-10466 The St. Joe Company (Exact name of registrant as specified in its charter) | Florida | 59-0432511 | | - ...

Exhibit 99.1 THE ST. JOE COMPANY REPORTS FIRST QUARTER 2025 RESULTS AND DECLARES A QUARTERLY DIVIDEND OF $0.14 Highlights for the first quarter of 2025 as compared to the first quarter of 2024: Panama City Beach, Florida – (April 23, 2025) – The St. Joe Company (NYSE: JOE) (the "Company," "We," or "Our") today reports first quarter 2025 results. Jorge Gonzalez, the Company's President, Chief Executive Officer and Chairman of the Board, said, "Despite macro- economic headwinds in some parts of the country, S ...

Group 1 - The core idea presented is that the price paid for an asset does not necessarily reflect its intrinsic value, as illustrated by the example of St. Joe (NYSE: JOE) [1] - The analysis emphasizes the importance of fundamental aspects of companies, including sector performance, competitive advantages, and management quality [1] Group 2 - The article does not provide any specific financial data or performance metrics related to St. Joe or the real estate sector [2][3]

Group 1 - Building Benjamins is a free stock picking and market commentary investment newsletter published by Tradition Investment Management, LLC [1] - Benjamin Halliburton, the founder, has a notable background in investment, having founded Tradition Capital Management in 2000 and received multiple accolades for his performance [1] - Halliburton has extensive experience in the investment field, starting his career at Merrill Lynch in 1986 and earning an MBA with a focus on finance from Duke's Fuqua School of Business in 1990 [1] Group 2 - Halliburton was recognized as the top-performing portfolio manager at Brundage, Story and Rose, where his "Disciplined Growth Strategy" outperformed the S&P 500 during the 1990s bull market [1] - He was the youngest partner at his firm and received high praise from senior managing partners for his investment skills [1]

Core Insights - The article discusses the author's past experience with St. Joe Company (NYSE: JOE), highlighting both profitable and unprofitable periods in the investment journey [1]. Company Overview - St. Joe Company has been a subject of interest for individual investors, particularly those focused on value investing strategies [1]. Investment Strategies - The author reflects on various investment strategies, including taking profits, reinvesting dividends, and the impact of market fluctuations on investment returns [1]. Personal Background - The author has a background in financial management education and has contributed to financial discussions through various platforms, indicating a level of expertise in financial analysis [1].

Business Segments - St. Joe operates in three reportable segments: residential, hospitality, and commercial[17]. - St. Joe's unconsolidated joint venture, Latitude Margaritaville Watersound JV, has met the conditions of a significant subsidiary as of December 31, 2024[20]. Workforce and Diversity - As of February 24, 2025, St. Joe employed 863 full-time and 194 part-time and seasonal employees[25]. - Approximately 32% of St. Joe's workforce identifies as racially diverse, and 47% of the workforce, including 50% of the executive management team, is female[32]. - The company has a history of investing in its workforce by offering competitive salaries and benefits[27]. Financials and Debt Management - The company has variable-rate debt totaling $184.6 million, with a weighted average interest rate of 6.5% as of December 31, 2024[299]. - A hypothetical 100 basis point increase in interest rates would increase annual interest expense by $1.4 million based on the outstanding balance of variable-rate loans[299]. - The company utilizes interest rate swap agreements to manage interest rate risk associated with variable-rate debt[299]. Revenue Trends - St. Joe's hospitality revenues are typically higher in the second and third quarters, influenced by holidays and school breaks[22]. - St. Joe's operations may be affected by seasonal fluctuations, impacting revenues and earnings significantly from period to period[21].

Exhibit 99.1 FOR IMMEDIATE RELEASE THE ST. JOE COMPANY REPORTS FOURTH QUARTER AND FULL YEAR 2024 RESULTS, DECLARES A QUARTERLY DIVIDEND OF $0.14 PER SHARE AND INCREASES THE STOCK REPURCHASE AUTHORITY TO $100 MILLION Highlights for the fourth quarter of 2024 compared to the fourth quarter of 2023: Panama City Beach, Florida – (February 26, 2025) – The St. Joe Company (NYSE: JOE) (the "Company") today reported fourth quarter and full year 2024 results. Jorge Gonzalez, the Company's President, Chief Executive ...

Core Points - Ronald Dissinger has been appointed as the Interim Chief Financial Officer of Jones Soda Co. following the resignation of Joe Culp, effective November 4, 2024 [1] - The Board of Directors is currently searching for a permanent Chief Financial Officer [1][2] - Paul Norman, the Chairman of the Board and Interim Chief Executive Officer, expressed confidence in Dissinger's financial leadership skills during this transitional period [2] Company Overview - Jones Soda Co. is recognized as a leading developer of sodas and cannabis-infused beverages, known for their premium taste and unique flavors [3] - The company was launched in 1996 and markets a diverse portfolio of products under the Jones® Soda brand and the Mary Jones brand for cannabis beverages and edibles [3]

Background and Experience - The individual has over 20 years of experience as a CPA and was a Senior Manager at a Big Four accounting firm [1] - After leaving public accounting in 2010, the individual served as CFO for two privately held companies with sales between $50m and $100m in the aerospace and defense and beauty industries [1] Investment Philosophy - The individual identifies as a value investor but is open to other investment disciplines if they make sense [1] - The investment approach is influenced by the Buffett/Munger style of buying wonderful businesses at fair prices [1] - The individual emphasizes the importance of heavy research before and during the investment period, including quarterly financial checkups, conference calls, and staying updated with news [1] - The goal is to hold investments long-term and reinvest dividends, with minimal buying or selling activity [1] Analytical Approach - The individual is comfortable with financial metrics but requires more than just numbers to make an investment decision [1] - The approach involves looking at all sides of a situation and considering both positives and risks in any investment [1] - The individual aims to engage the audience to fully analyze investment positions [1]

Revenue Performance - Hospitality revenue increased by 16.9% in Q3 2024 to $55.4 million from $47.4 million, and increased 34.2% for the first nine months of 2024 to $157.0 million from $117.0 million[186]. - Leasing revenue increased by 19.1% in Q3 2024 to $15.6 million from $13.1 million, and increased 20.2% for the first nine months of 2024 to $44.7 million from $37.2 million[186]. - Real estate revenue decreased by 31.5% in Q3 2024 to $28.0 million from $40.9 million, and decreased by 34.8% for the first nine months of 2024 to $96.7 million from $148.3 million[186]. - Total revenue for Q3 2024 decreased by 2.4% to $99.0 million from $101.4 million, while operating income increased by 4.4% to $21.2 million from $20.3 million[187]. - Total revenue for the nine months ended September 30, 2024, reached $157.0 million, up 34.2% from $117.0 million in the same period in 2023[276]. Net Income and Expenses - Net income attributable to the Company decreased by 13.4% to $16.8 million from $19.4 million in Q3 2024, primarily due to timing of homesite closings and product mix[187]. - Total expenses for the three months ended September 30, 2024, were $77.8 million, down from $81.1 million in the same period of 2023, a decrease of 4.1%[225]. - Net income for the three months ended September 30, 2024, was $16.6 million, down from $18.7 million in the same period of 2023, a decrease of 11.2%[225]. - Corporate and other operating expenses decreased by $0.2 million to $6.0 million for the three months ended September 30, 2024, compared to $6.2 million in the same period of 2023[241]. Residential and Hospitality Segments - The residential segment generated 19.2% of operating revenue in Q3 2024, down from 35.0% in Q3 2023, while the hospitality segment increased to 57.0% from 47.3%[190]. - The company has significant additional entitlements for future hotel projects on its land holdings[207]. - The hospitality segment generates revenue from various sources including membership sales, lodging, and food and beverage operations, with revenue recognized at the point services are provided[201]. Leasing and Real Estate - Multi-family units total 1,128, with an overall leasing percentage of 87% as of September 30, 2024[211]. - Senior living communities total 255 units, with a leasing percentage of 53% as of September 30, 2024[211]. - The leasing portfolio consists of approximately 1,179,000 square feet of leasable space for mixed-use, retail, and medical uses[212]. - Total leasing revenue for the nine months ended September 30, 2024, increased by $6.2 million, or 17.5%, to $41.6 million compared to the same period in 2023[292]. Cash Flow and Capital Expenditures - Net cash provided by operating activities was $78.2 million for the nine months ended September 30, 2024, compared to $92.3 million for the same period in 2023[326]. - Net cash used in investing activities was $42.4 million for the nine months ended September 30, 2024, significantly lower than $81.5 million for the same period in 2023[327]. - Total capital expenditures for the nine months ended September 30, 2024, amounted to $98.7 million, with $51.1 million allocated to the residential segment, $23.4 million to the hospitality segment, and $23.2 million to the commercial segment[301]. Debt and Interest Expense - As of September 30, 2024, total outstanding loans amounted to $448.5 million, down from $459.2 million as of December 31, 2023, with a weighted average effective interest rate of 5.1%[302]. - Interest expense increased by $3.7 million, or 17.0%, to $25.5 million during the nine months ended September 30, 2024, compared to $21.8 million in the same period in 2023[244]. - The weighted average interest rate on the variable rate loans, excluding the swapped portion, was 7.1% based on SOFR[336]. Membership and Club Performance - The company had 3,532 members in the Watersound Club as of September 30, 2024, an increase of 444 members from 3,088 members as of September 30, 2023[276]. - Revenue from clubs increased by $22.6 million, or 59.2%, during the nine months ended September 30, 2024, compared to the same period in 2023[276]. Joint Ventures and Equity - Equity in income from unconsolidated joint ventures was $6.8 million for the three months ended September 30, 2024, compared to $8.7 million in the same period in 2023, while it increased to $19.5 million for the nine months ended September 30, 2024, from $18.4 million in the same period in 2023[248]. - Equity in loss from unconsolidated joint ventures was $1.6 million for the three months ended September 30, 2024, compared to $0.1 million for the same period in 2023[289].