Business Strategy - The company is executing a plan to exit unprofitable operations within the land segment, including direct fuel transportation services and certain advisory offerings [21]. - Future focus will be on higher margin cardlock and retail activities, as well as the natural gas business, expected to improve operating leverage and cash flow [22]. - The company is actively pursuing acquisitions and strategic transactions to enhance its market position [49]. - The company is committed to integrating acquired businesses effectively to realize anticipated benefits [51]. Market Conditions - The marine segment serves a broad base of customers, providing real-time market intelligence and access to competitively priced marine fuel [23]. - The majority of marine segment activity consists of spot sales, with costs tied to spot pricing and market-based formulas [24]. - Seasonal variability affects operating results, with stronger performance in the second and third quarters for the aviation segment due to travel demand [26]. - The company anticipates macroeconomic conditions, including inflation, will impact its operations and financial performance [49]. - The company is monitoring the impact of geopolitical tensions, particularly in Eastern Europe and the Middle East, on its business [52]. Regulatory Compliance - Compliance with environmental regulations may require capital expenditures and increase operating costs, impacting demand for products and services [28]. - The company is subject to evolving climate change regulations, including GHG emissions reporting and state-level cap-and-trade programs [31]. - The European Union aims to reduce net GHG emissions by at least 55% by 2030, influencing regulatory frameworks globally [35]. - The company acknowledges risks related to compliance with environmental regulations, which could increase operating costs [52]. Financial Performance - The company expects growth in its core businesses, although specific growth rates were not disclosed [49]. - Fuel prices and working capital requirements are projected to significantly affect the company's liquidity and capital expenditures [49]. - The company emphasizes the importance of maintaining sufficient liquidity to fund working capital and strategic investments [52]. - The company is focused on mitigating financial risks associated with derivatives and physical fuel products [51]. - The company faces potential adverse conditions in the industries where its customers operate, which could impact revenue [51]. Employee Commitment - The company is committed to investing in employee growth and well-being, offering competitive compensation and professional development opportunities [48].

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) x 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 o 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 001-39916 ___________________________________________ DREAM FINDERS HOMES, INC. (Exact name of regis ...

Financial Performance - Revenues for Q4 2025 decreased to $406.7 million, down 1.5% from $412.8 million in Q4 2024[4] - Net income for Q4 2025 was $0.4 million, a significant decrease of 99.4% compared to $64.1 million in Q4 2024, impacted by a $58.0 million loss on sale of business[4] - Adjusted EBITDA for Q4 2025 decreased to $163.2 million, down 5.0% from $171.8 million in Q4 2024[4] - Full year 2025 revenues increased by 3.5% to $1.45 billion compared to $1.40 billion in 2024[4] - Adjusted net income for the full year 2025 decreased to $272.5 million, down 7.4% from $294.5 million in 2024[4] - Net income for the year ended December 31, 2025, was $47,354 thousand, a decrease of 25% from $63,047 thousand in 2024[21] - Basic net income per common share for the year ended December 31, 2025, was $1.16, down from $1.42 in 2024[19] - The company reported a net income of $370 thousand for the three months ended December 31, 2025, compared to $64.1 million in the same period of 2024, showing a significant decline[32] - For the year ended December 31, 2025, Ziff Davis reported an adjusted net income of $272,546,000, or $6.63 per diluted share, compared to $294,461,000, or $6.62 per diluted share in 2024[40] Cash Flow and Investments - Free cash flow for Q4 2025 increased by 20.4% to $157.8 million compared to $131.1 million in Q4 2024[4] - Net cash provided by operating activities for the full year 2025 increased by 4.3% to $407.1 million compared to $390.3 million in 2024[4] - Cash and cash equivalents at the end of the year were $607,011 thousand, up from $505,880 thousand at the beginning of the year[21] - Free cash flow for the full year 2025 was $287,870, with net cash provided by operating activities totaling $407,068[56] - Free cash flow for the full year 2024 was $283,680, with net cash provided by operating activities totaling $390,315[56] Operational Efficiency - The company reported a 61.1% increase in income from operations for the full year 2025, reaching $183.1 million compared to $113.6 million in 2024[4] - Operating costs and expenses totaled $320,667 thousand for the three months ended December 31, 2025, down from $334,301 thousand in 2024, reflecting a 4% reduction[19] - Income from operations increased to $86,045 thousand for the three months ended December 31, 2025, compared to $78,522 thousand in 2024, representing a 9.4% increase[19] Losses and Impairments - The company reported a loss on the sale of businesses amounting to $57,988 thousand for the year ended December 31, 2025[21] - The loss on sale of businesses for the year ended December 31, 2025, was $57.99 million, compared to a loss of $3.78 million in 2024, indicating increased divestiture activity[32] - The company reported a goodwill impairment of $17,579,000 for the year ended December 31, 2025, compared to $85,273,000 in 2024[40] - The company incurred transaction, integration, and other charges of $17.12 million for the year ended December 31, 2025, down from $40.40 million in 2024, indicating improved integration efficiency[37] Tax and Financial Adjustments - The adjusted effective tax rate is calculated based on the GAAP effective tax rate with adjustments for non-GAAP items, reflecting the company's tax strategy[30] - The adjusted effective tax rate for the three months ended December 31, 2025, was approximately 21.4%[44] - For the year ended December 31, 2025, the adjusted net income was $272,546, with an adjusted effective tax rate of approximately 23.5%[50] - The total non-GAAP adjustments for the three months ended December 31, 2025, included $20,677,000 for amortization and $36,903,000 for share-based compensation[44] - The total non-GAAP adjustments for 2025 amounted to $89,743, which included provisions for credit losses and goodwill impairment[50] Shareholder Actions - The company deployed approximately $174 million in share repurchases during 2025, indicating confidence in its intrinsic value[2]

AMER SPORTS REPORTS FOURTH QUARTER AND FISCAL YEAR 2025 FINANCIAL RESULTS AND PROVIDES 2026 OUTLOOK NEW YORK (February 24, 2026) – Amer Sports, Inc. (NYSE: AS) ("Amer Sports" or the "Company") today announced its financial results for the fourth quarter and fiscal year 2025. CEO James Zheng commented, "Fourth quarter was a great finish to a breakout year for Amer Sports led by our flagship Arc'teryx brand and rising star Salomon, which surpassed the $2 billion sales mark. In 2025 we delivered 27% revenue gr ...

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 27, 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: 0-21238 Landstar System, Inc. 13410 Sutton Park Drive South Jacksonville, Florida 32224 (Address of principal executiv ...

Market Position and Strategy - Monarch Casino Resort Spa Black Hawk is positioned to leverage its expanded operations and benefit from the elimination of betting limits and new game types in Colorado, aiming to attract high-value players from the Denver metro area [217]. - The company anticipates continued strength in the Reno market, supported by broad-based employment growth, although it faces challenges from wage inflation and increased competition from California tribal gaming [216]. - Future expansion and acquisition opportunities are part of the company's strategic outlook, with expectations of sufficient liquidity to fund operations and capital expenditures [206]. - The company is committed to maintaining strong relationships with stakeholders, including regulators and employees, to support its operational strategies [207]. Financial Performance - For the year ended December 31, 2025, net income was $101.4 million, a 39.3% increase from $72.8 million in 2024, with diluted EPS rising to $5.43 from $3.84 [224]. - Net revenue for 2025 was $545.1 million, reflecting a 4.4% increase from $522.2 million in 2024 [224]. - Casino revenue increased by 6.8% in 2025, with casino operating expenses as a percentage of revenue decreasing to 36.2% from 37.2% in 2024 [225]. - Food and beverage revenue rose by 2.1% in 2025, with operating expenses as a percentage of revenue decreasing to 71.0% from 73.7% in 2024 [226]. - Hotel revenue decreased by 0.2% in 2025, with occupancy dropping to 81.6% from 82.8% in 2024, while ADR increased to $188.13 from $183.80 [227]. - SG&A expenses increased to $109.4 million in 2025, but as a percentage of net revenue, it decreased to 20.1% from 20.7% in 2024 [229]. - Net cash provided by operating activities was $164.7 million in 2025, a 17.1% increase from the previous year [236]. - Capital expenditures for 2025 totaled $37.2 million, down from $43.8 million in 2024, primarily for hotel room upgrades and maintenance [234]. Operational Challenges - Labor challenges are impacting both properties, particularly due to low unemployment in the staffing markets of Golden, Colorado, and the Denver metro area [217]. - The company is actively managing inflationary pressures and competitive marketing strategies that are affecting revenue growth and profit margins at the Atlantis [216]. - The impact of rising interest rates and supply chain disruptions are identified as potential risks that could affect the company's financial condition and operational results [209]. Debt and Cash Position - The company had no borrowings under the Amended Credit Facility as of December 31, 2025, with $99.4 million available for borrowing [246]. - The company expects cash position to be negatively impacted by outstanding payments related to litigation judgments totaling $74.6 million [239]. - As of December 31, 2025, the company had no outstanding debt under its Amended Credit Facility, which bears interest at variable rates [258]. - The company has $99.4 million of available borrowing capacity under its Amended Credit Facility as of December 31, 2025 [258]. - The company does not have any cash or cash equivalents as of December 31, 2025, which are subject to market risk [259]. Key Performance Indicators - Key Performance Indicators (KPIs) for gaming revenue include slot coin-in, table games drop, and sportsbook write, which are essential for managing business performance and understanding hold percentages [219]. - The average daily rate (ADR) and occupancy rate are critical KPIs for hotel operations, with revenue per available room (RevPAR) reflecting total hotel revenue performance [221]. - The company is focused on controlling expenses and optimizing operating margins, with a specific emphasis on expense margin and selling, general and administrative (SG&A) margin as a percentage of total net revenue [222].

| (In millions, except per share data) | | | | Three Months Ended December 31, | | | | Twelve Months Ended December 31, | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | | 2025 | | 2024 | Incr / (Decr) | 2025 | | 2024 | Incr / (Decr) | | Net sales | $ | 291.6 | $ | 328.9 | (11.3)% $ | 1,203.5 | $ | 1,286.7 | (6.5)% | | Net (loss) income | $ | (4.4) | $ | 6.6 | (166.7)% $ | 43.8 | $ | 83.7 | (47.7)% | | Diluted EPS | $ | (0.23) | $ | 0.35 | (165.7)% $ | 2.36 | $ | 4.38 | (46.1)% | | Adjus ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended December 31, 2025 Delaware 001-41328 85-3373323 (State or Other Jurisdiction of Incorporation) (Commission File Number) (IRS Employer Identification No.) 4360 E. New York Street, Aurora, IL 60504 (Address of Principal Executive Offices) (Zip Code) Registrant's telephone number, including area code: (330) 352 ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended December 31, 2025 Securities registered pursuant to Section 12(b) of the Securities Exchange Act of 1934: OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to GOLDENSTONE ACQUISITION LIMITED (Exact Name of Registrant as Specified in C ...

Exhibit 99.1 News For Immediate Release Black Stone Minerals, L.P. Announces Fourth Quarter and Full Year 2025 Results; Provides Guidance for 2026 HOUSTON--(BUSINESS WIRE) - Black Stone Minerals, L.P. (NYSE: BSM) ("Black Stone Minerals," "Black Stone," or "the Partnership") today announces its financial and operating results for the fourth quarter and full year of 2025 and provides guidance for 2026. Fourth Quarter 2025 Highlights Full Year Financial and Operational Highlights Management Commentary "Over th ...