ENERGY TRANSFER REPORTS THIRD QUARTER 2025 RESULTS Dallas – November 5, 2025 - Energy Transfer LP (NYSE:ET) ("Energy Transfer" or the "Partnership") today reported financial results for the quarter ended September 30, 2025. Energy Transfer reported net income attributable to partners for the three months ended September 30, 2025 of $1.02 billion compared to $1.18 billion for the three months ended September 30, 2024. For the three months ended September 30, 2025, net income per common unit (basic) was $0.28 ...

Investment Portfolio - As of September 30, 2025, the company was invested in residential mortgage-backed securities (RMBS) and commercial mortgage-backed securities (CMBS), among other mortgage-related assets[118]. - As of September 30, 2025, the total investment portfolio was $5,749,238, a decrease of 2.1% from $5,873,696 as of September 30, 2024[134]. - The holdings of 30-year fixed-rate Agency RMBS represented 83% of the total investment portfolio, consistent with the previous quarter but down from 87% a year ago[134]. - The holdings of Agency CMBS represented approximately 16% of the total investment portfolio as of September 30, 2025, up from 11% a year ago[137]. - The company purchased $2.0 billion in MBS during the nine months ended September 30, 2025, compared to $1.9 billion in the same period of 2024[229]. Financial Performance - Net interest income for the three months ended September 30, 2025, was $17,614, an increase of 134.0% compared to $7,510 for the same period in 2024[156]. - The net income attributable to common stockholders for the three months ended September 30, 2025, was $50,208, up 42.4% from $35,271 in the same period of 2024[156]. - For the three months ended September 30, 2025, net income attributable to common stockholders was $50.2 million, an increase from $35.3 million in the same period of 2024, resulting in a basic and diluted net income per share of $0.74 compared to $0.63 per share in 2024[194]. - For the nine months ended September 30, 2025, net income attributable to common stockholders was $39.9 million, slightly down from $40.2 million in 2024, with a basic and diluted net income per share of $0.61 compared to $0.78 per share in 2024[195]. - Earnings available for distribution for Q3 2025 increased slightly to $39,026,000 compared to $38,345,000 in Q3 2024, reflecting a 1.8% increase[208]. Interest Rates and Economic Indicators - The effective Federal Funds rate decreased to 4.09% as of September 30, 2025, down from 4.33% at the end of the previous quarter, reflecting a 0.24% decline[129]. - The yield on the two-year Treasury fell to 3.60%, a decrease of 12 basis points from the previous quarter, while the ten-year yield decreased by 8 basis points to 4.15%[126]. - Inflation continued to exceed the Federal Reserve's 2% target, with the headline consumer price index (CPI) rising 2.9% year-over-year in August 2025[124]. - The average unemployment rate increased slightly to 4.3% in August 2025, up from 4.1% in June 2025[124]. Borrowings and Funding - The average balance of collateralized borrowings under repurchase agreements for the quarter ended September 30, 2025, was $4,889,782[141]. - Total average borrowings decreased by $114.7 million to $4,889,782 thousand for the three months ended September 30, 2025, but increased by $238.7 million to $4,799,047 thousand for the nine months ended September 30, 2025 compared to the same periods in 2024[168]. - Average cost of funds decreased by 78 basis points to 4.52% for the three months ended September 30, 2025, and by 95 basis points to 4.53% for the nine months ended September 30, 2025 compared to the same periods in 2024[169]. Derivative Instruments and Gains/Losses - The company recorded net losses on derivative instruments of $9.2 million for the three months ended September 30, 2025, compared to net losses of $127.3 million in the same period of 2024[194]. - The company recorded a realized loss on derivative instruments of $49,189,000 for Q3 2025, compared to a loss of $172,797,000 in Q3 2024, indicating an improvement[206]. - The company recognized net losses of $8.6 million on futures contracts for the three months ended September 30, 2025, and $55.0 million for the nine months ended September 30, 2025[188]. - The company recorded net gains of $2.6 million on TBAs during the nine months ended September 30, 2025, compared to net gains of $1.6 million in the same period of 2024[189]. Shareholder Activities - The company sold 4,638,385 shares of common stock during the three months ended September 30, 2025, generating cash proceeds of $36,145 after fees[148]. - The company did not repurchase any shares of common stock during the nine months ended September 30, 2025[149]. - The company repurchased and retired 89,223 shares of Series C Preferred Stock during the three months ended September 30, 2025[192]. Expenses and Management Fees - Management fees incurred were $2.7 million for the three months ended September 30, 2025, compared to $2.9 million in the same period of 2024[190]. - General and administrative expenses not covered under the management agreement amounted to $1.8 million for the three months ended September 30, 2025, consistent with the same period in 2024[191]. - Total expenses for the three months ended September 30, 2025, were $4,465,000, a slight decrease from $4,693,000 for the same period in 2024[173]. Liquidity and Cash Flow - The company believes it has sufficient liquidity and capital resources for ongoing commitments and potential investments, ensuring continued qualification as a REIT[226]. - As of September 30, 2025, the company held cash, cash equivalents, and restricted cash of $180.7 million, an increase from $168.5 million as of September 30, 2024[228]. - Operating activities provided net cash of approximately $97.3 million for the nine months ended September 30, 2025, compared to $121.3 million for the same period in 2024, reflecting a decrease of 19.8%[228]. - Financing activities provided net cash of $245.1 million for the nine months ended September 30, 2025, down from $747.3 million in the previous year[230].

☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) For the quarterly period ended September 30, 2025 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For transition period from ______ to ______ Commission File Number 001-39331 System1, Inc. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporat ...

Financial Performance - Gross premiums written for Q3 2025 reached $698,845,000, a 26.3% increase from $553,401,000 in Q3 2024[22] - Net premiums earned for the nine months ended September 30, 2025, were $1,533,090,000, compared to $1,252,862,000 for the same period in 2024, reflecting a 22.4% growth[22] - Net income attributable to common shareholders for Q3 2025 was $136,200,000, compared to $78,250,000 in Q3 2024, marking a 74.1% increase[22] - Total revenues for the nine months ended September 30, 2025, were $2,177,198,000, up from $1,759,431,000 in the same period of 2024, a growth of 23.7%[22] - Net income for the nine months ended September 30, 2025, was $625,476,000, an increase from $538,749,000 in the same period of 2024, representing a growth of approximately 16.1%[26] - Basic income per share attributable to common shareholders for Q3 2025 was $1.37, compared to $0.77 in Q3 2024, representing a 77.9% increase[22] Assets and Liabilities - Total assets increased to $9,213,370,000 as of September 30, 2025, up from $7,796,033,000 at the end of 2024, representing an 18.2% rise[20] - The company’s total liabilities increased to $6,470,198,000 as of September 30, 2025, compared to $5,467,196,000 at the end of 2024, a rise of 18.4%[20] - Total shareholders' equity as of September 30, 2025, was $2,661,993,000, compared to $2,313,626,000 at the end of September 30, 2024, reflecting an increase of about 15.1%[24] Investment Performance - The company reported net realized and unrealized gains on investments of $571,964,000 for the nine months ended September 30, 2025, compared to $454,851,000 for the same period in 2024, a 25.7% increase[22] - The total net realized and unrealized gains on investments and net investment income for the nine months ended September 30, 2025, was $634.7 million, up from $498.5 million in 2024, reflecting a 27.3% increase[58] - Net investment income for the three months ended September 30, 2025, was $22.7 million, compared to $17.3 million in 2024, indicating a 31.3% increase[58] Cash Flow and Operating Activities - Net cash provided by operating activities for the nine months ended September 30, 2025, was $548,925,000, up from $475,213,000 in 2024, indicating a rise of approximately 15.5%[26] - Total cash and cash equivalents and restricted cash and cash equivalents amounted to $1.1 billion as of September 30, 2025, compared to $1.1 billion at December 31, 2024[65] Acquisition Costs and Expenses - Acquisition costs for Q3 2025 were $125,412,000, up from $102,201,000 in Q3 2024, reflecting a 22.7% increase[22] - Acquisition costs amortized for the nine months ended September 30, 2025, totaled $365.1 million, compared to $283.1 million for the same period in 2024, reflecting an increase of 28.9%[93] Reserves and Losses - The reserve for losses and loss adjustment expenses rose to $4,206,077,000 as of September 30, 2025, compared to $3,532,491,000 at the end of 2024, indicating a 19.0% increase[20] - The net unpaid losses and loss adjustment expenses at the end of the period were $2.9 billion, up from $2.2 billion, representing a rise of about 29.3%[90] - The net reserves for losses related to California wildfires were recorded at $67.9 million as of September 30, 2025, compared to $0 million at December 31, 2024[94] Shareholder Activities - The company repurchased common shares totaling $92,341,000 during the nine months ended September 30, 2025, compared to $123,394,000 in the same period of 2024, showing a decrease of approximately 25.2%[26] - The total issued and outstanding common shares as of September 30, 2025, was 98.361 million, a decrease from 101.467 million as of December 31, 2024[127] - The company authorized a new share repurchase program on November 4, 2025, for an additional $150 million, supplementing the remaining amounts from the prior authorization[137] Debt and Credit Facilities - The company entered into a $150 million term loan credit arrangement on June 10, 2025, to refinance existing debt[113] - Interest expense related to debt and credit facilities for the nine months ended September 30, 2025, was $15.3 million, down from $17.1 million in the previous year[124]

Financial Performance - Q3 2025 total revenue was $53.9 million, an 8% decrease from $58.4 million in Q3 2024[4] - Q3 2025 positive net adjustment revenue increased to $12.2 million from $1.2 million in Q3 2024[4] - Q3 2025 GAAP net loss improved to $31.7 million, a $10.8 million improvement from a loss of $42.5 million in Q3 2024[4] - Q3 2025 total operating costs and expenses decreased by 6% to $95.4 million compared to $101.6 million in Q3 2024[4] - Total revenue for the three months ended September 30, 2025, was $53,869,000, a decrease of 8% compared to $58,409,000 in the same period of 2024[21] - Net loss for the three months ended September 30, 2025, was $31,691,000, a 25% improvement compared to a net loss of $42,473,000 in the same period of 2024[21] - Adjusted EBITDA for the three months ended September 30, 2025, was $(34,007,000), a 2% improvement from $(34,832,000) in 2024[21] - The company reported a net loss attributable to common stockholders of $44,581,000 for the three months ended September 30, 2025, a 17% improvement from $53,948,000 in 2024[21] - The net loss margin improved to (59)% in Q3 2025 from (73)% in Q3 2024[45] - Adjusted EBITDA for the full year 2025 is projected to be between $60.0 million and $80.0 million[48] Revenue Segmentation - The Medicare segment primarily consists of commissions earned from the sale of Medicare-related health insurance plans, contributing significantly to the company's revenue[26] - Total revenue for the Medicare segment decreased by 6% to $49,932 thousand in Q3 2025, while revenue for the nine months increased by 9% to $211,660 thousand compared to the same period in 2024[29] - The Employer and Individual segment reported a 24% decline in total revenue to $3,937 thousand for Q3 2025, with a 28% decrease for the nine months to $16,110 thousand[29] - Consolidated total revenue for Q3 2025 was $53,869 thousand, an 8% decrease from $58,409 thousand in Q3 2024, while revenue for the nine months increased by 5% to $227,770 thousand[32] Cost Management - Total operating costs and expenses for the three months ended September 30, 2025, were $95,394,000, down 6% from $101,608,000 in 2024[21] - Non-GAAP operating costs and expenses decreased to $91,017 thousand in Q3 2025 from $97,068 thousand in Q3 2024[45] - Marketing and advertising expenses decreased by 18% to $24,395,000 for the three months ended September 30, 2025, compared to $29,665,000 in 2024[21] - Marketing and advertising expenses decreased to $24,395 thousand in Q3 2025 from $29,665 thousand in Q3 2024[45] Membership and Commissions - Total approved members for Medicare decreased by 27% to 31,167 in Q3 2025, with Individual and Family members down by 35% to 1,872[39] - The constrained lifetime value of commissions per approved Medicare Advantage member was $975, a 2% decrease from $990 in Q3 2024[39] - The cost per Medicare Advantage-equivalent approved member increased by 29% to $930 in Q3 2025, while total acquisition cost per MA-equivalent member rose by 19% to $1,489[39] - Variable marketing costs per MA-equivalent approved member increased by 4% to $559 in Q3 2025[40] - Total approved members decreased by 3% to 207,016 in 2025 from 213,093 in 2024[42] - Medicare Advantage members decreased by 1% to 141,884 in 2025 from 143,529 in 2024[42] - Total estimated membership decreased by 4% to 1,118,521 in 2025 from 1,159,422 in 2024[42] - Medicare Part D members decreased by 19% to 5,149 in 2025 from 6,335 in 2024[42] - Ancillary members increased by 13% to 41,288 in 2025 from 36,410 in 2024[42] Financial Guidance and Projections - The company raised its 2025 guidance for GAAP net income to a range of $9.0 million to $30.0 million, up from the previous range of $5.0 million to $26.0 million[11] - The expected range for positive net adjustment revenue for 2025 was updated to $40 million to $43 million, compared to the previous range of $29 million to $32 million[6] Financial Flexibility - Cash, cash equivalents, and marketable securities totaled $75.3 million as of September 30, 2025[4] - The term loan maturity was extended to January 2027, providing additional financial flexibility[4] - Cash, cash equivalents, and restricted cash at the end of the period were $66,179,000, a slight decrease from $67,122,000 at the end of the same period in 2024[24] Member Acquisition Metrics - The numerator for member acquisition metrics includes operating expenses related to Medicare Plans and IFP Plans, while the denominator is based on the relative value of new members acquired[59] - Estimated membership is based on commission payments received and approved members, with a lag of up to a few months between new approvals and commission payments[59] - The company does not update historical membership estimates but reflects updated information in current period estimates, making long-term trends more discernible[60] - For estimating members on Medicare-related plans, the company considers commission payments and approved members while adjusting for historical cancellation rates[60] - Membership estimates for small business health insurance plans are based on initial member counts at approval, updated for changes reported by groups or carriers[60] - The company uses a derived metric for MA-equivalent approved members, weighting Medicare Part D members at 25% of a Medicare Advantage member[59] - IFP-equivalent approved members are calculated by adding approved health plan members and 33% of short-term approved members[59] - The company may experience variances in historical membership estimates due to delayed information from insurance carriers[60] - The estimation process for membership includes adjustments for delayed or inaccurate commission payments[60] - The company acknowledges that various circumstances could lead to inaccuracies in membership estimates[60]

Financial Performance - Net sales for Q3 2025 were $1.3 billion, a decrease of 3% from $1.4 billion in Q3 2024, primarily due to lower pricing in Energy Storage[6] - Adjusted EBITDA increased to $226 million, up 6.7% year-over-year, driven by improved fixed cost absorption and ongoing cost savings[3] - Net loss attributable to Albemarle was $161 million, a significant improvement of $908 million compared to a loss of $1.07 billion in Q3 2024[5] - Cash from operations for Q3 2025 was $356 million, up 57% year-over-year, contributing to a year-to-date total of $894 million, an increase of 29%[5] - Energy Storage net sales decreased by 7.6% to $709 million, while adjusted EBITDA fell by 13.2% to $124 million due to lower pricing[8] - Specialties segment net sales increased by 0.8% to $345 million, with adjusted EBITDA rising by 34.2% to $76 million due to decreased manufacturing costs[9] - Ketjen net sales grew by 3.7% to $254 million, while adjusted EBITDA decreased by 5.4% to $34 million due to lower prices and higher input costs[10] - Net sales for Q3 2025 were $1,307.8 million, a decrease of 3.4% from $1,354.7 million in Q3 2024[29] - Adjusted EBITDA for Q3 2025 was $225,630, representing an increase of 6.4% compared to $211,498 in Q3 2024[37] - Total adjusted EBITDA for the nine months ended September 30, 2025, was $829,249, a decrease of 6.7% from $889,094 in the same period of 2024[37] Cash Flow and Capital Expenditures - The company expects to achieve positive free cash flow of $300 to $400 million for the full year 2025, supported by better-than-expected Energy Storage volumes[22] - Full-year 2025 capital expenditures are expected to be approximately $600 million, a reduction of 65% from $1.7 billion in 2024[20] - Capital expenditures for the nine months ended September 30, 2025, were $434.4 million, down from $1,337.7 million in the same period of 2024[31] - Cash and cash equivalents increased to $1,931.8 million as of September 30, 2025, up from $1,192.2 million at the beginning of the year[31] - Total current assets rose to $4,554.9 million as of September 30, 2025, compared to $3,842.3 million at the end of 2024[30] - Total assets increased to $17,148.3 million as of September 30, 2025, from $16,609.6 million at the end of 2024[30] Losses and Impairments - Operating loss for the nine months ended September 30, 2025, was $149.7 million, significantly improved from a loss of $1,780.9 million in the same period of 2024[29] - The company reported a significant goodwill impairment charge of $181.1 million in Q3 2025, compared to no such charges in Q3 2024[29] - The company recorded a non-cash goodwill impairment charge of $181.1 million in Q3 2025 related to its Refining Solutions reporting unit[38] - Restructuring charges and asset write-offs for Q3 2025 amounted to $2.3 million, compared to $16.5 million in Q3 2024[38] - For the three months ended September 30, 2025, the company reported a loss before income taxes of $239.1 million[48] Taxation - The effective income tax rate for the three months ended September 30, 2025, was reported at 12.8%, while the adjusted rate was 50.9%[48] - The company recorded a net tax benefit of $6.1 million, or $0.05 per share, for the nine months ended September 30, 2024, primarily from a reduction in a foreign tax reserve[46] - The adjusted loss before income taxes for the nine months ended September 30, 2024, was $612.6 million[48] Future Outlook - The company is on track to achieve full-year run-rate cost and productivity improvements of approximately $450 million, exceeding the initial target of $300 to $400 million[5] - The company expects to complete the sale of a controlling stake in Ketjen and the Eurecat JV, with anticipated proceeds impacting future cash flow positively[28] - The company plans to optimize its global conversion network and improve cost competitiveness as part of its restructuring efforts[38]

Financial Performance - Consolidated revenue for Q4 FY2025 was $71.2 million, down from $84.1 million in Q4 FY2024, and FY2025 revenue totaled $267.1 million compared to $287.2 million in FY2024[3][4] - Net income for Q4 FY2025 was $4.4 million, or $0.34 per diluted share, a decrease from $12.0 million, or $0.89 per diluted share, in Q4 FY2024; FY2025 net income was $3.1 million, or $0.24 per diluted share, down from $23.4 million, or $1.74 per diluted share, in FY2024[4][5] - Adjusted EBITDA for Q4 FY2025 was $11.7 million, down from $22.9 million in Q4 FY2024, and for FY2025 it totaled $28.8 million compared to $55.3 million in FY2024[4][5] - Revenue for the quarter ended August 31, 2025, was $71,248,000, a decrease of 15.3% compared to $84,124,000 for the same quarter in 2024[17] - Net income for the fiscal year ended August 31, 2025, was $3,068,000, down 87.8% from $23,402,000 in 2024[17] - Adjusted EBITDA for the quarter ended August 31, 2025, was $11,717,000, representing a 48.9% decrease from $22,933,000 in the same quarter of 2024[19] - The Adjusted EBITDA margin for the quarter ended August 31, 2025, was 16.4%, down from 27.3% in the prior year quarter[19] Revenue Breakdown - Enterprise Division revenue for FY2025 was $188.1 million, down from $208.1 million in FY2024, impacted by a $15.8 million decrease in North America segment revenue[4][5] - Education Division revenue for FY2025 slightly increased to $74.6 million from $74.2 million in FY2024, driven by increased training and coaching revenue[4] - Revenue from the Enterprise Division for the quarter was $45,668,000, a decline of 21.5% from $58,225,000 in the same quarter of 2024[21] - North America revenue within the Enterprise Division decreased to $35,898,000 from $46,945,000, a drop of 23.5% year-over-year[21] Cash Flow and Assets - Cash and cash equivalents totaled $31.7 million as of August 31, 2025, down from $48.7 million a year earlier, with free cash flow for Q4 FY2025 at $1.5 million compared to $18.4 million in Q4 FY2024[4][5] - Free Cash Flow for the fiscal year ended August 31, 2025, was $12,089,000, a decrease of 75.7% compared to $48,947,000 in 2024[26] - Total current assets as of August 31, 2025, were $129,477,000, down from $160,253,000 in 2024, reflecting a decrease of 19.2%[24] - Total liabilities as of August 31, 2025, were $176,001,000, slightly down from $178,404,000 in 2024[24] - The company reported a decrease in cash and cash equivalents to $31,698,000 from $48,663,000, a decline of 34.8% year-over-year[24] Future Guidance - Guidance for FY2026 anticipates total revenue in the range of $265 million to $275 million and Adjusted EBITDA between $28 million and $33 million[6][9] - The company expects strong invoiced growth in FY2026, which will translate into meaningful revenue growth in FY2027[6] - The company completed $10 million in common stock repurchases during Q4 FY2025 and Q1 FY2026, purchasing approximately 168,000 shares for $3.3 million in Q4 FY2025[4][5]

Financial Performance - For the quarter ended September 30, 2025, the company reported Funds from Operations (FFO) of $X million, reflecting a Y% increase compared to the previous quarter[4] - The Core Funds from Operations (Core FFO) for the same period was $X million, representing a Y% growth year-over-year[14] - Adjusted Funds from Operations (AFFO) reached $X million, which is a Y% increase from the prior year, indicating strong operational performance[16] - The company achieved a Net Operating Income (NOI) of $X million, up Y% from the previous quarter, highlighting improved property performance[20] - Revenue from tenants for the quarter ended September 30, 2025, was $121,013,000, a decrease from $132,415,000 in the previous quarter[24] - Net loss attributable to common stockholders for the same period was $(71,051,000), compared to $(35,079,000) in the previous quarter[27] - Cash NOI for the quarter was $112,433,000, reflecting the performance of the properties[24] - Adjusted EBITDA for the quarter was $99,134,000, indicating operational performance[24] - The company reported a net loss of $60,116,000 compared to a net loss of $24,143,000 in the previous quarter[28] - Adjusted EBITDA for the quarter was $99,134,000, a decrease from $113,427,000 in the prior quarter[28] - Funds from operations (FFO) attributable to common stockholders were $33,745,000, compared to a negative $14,400,000 in the previous quarter[31] - Core FFO attributable to common stockholders increased to $39,489,000 from $7,122,000 in the prior quarter[31] - The company declared dividends of $42,366,000 to common stockholders, down from $43,429,000 in the previous quarter[31] Debt and Leverage - The total debt overview shows a reduction in leverage, with a debt-to-equity ratio of X%, down from Y% in the previous quarter[11] - The company had a net debt of $2,864,753,000, with a net debt to gross asset value ratio of 49.5%[24] - Total outstanding debt as of September 30, 2025, was $3,029,848,000, with a weighted average interest rate of 4.2%[36] - Non-recourse debt accounted for 45% of total debt, while recourse debt made up 55%[36] - As of September 30, 2025, the Company's total combined debt was 87% fixed rate or swapped to a fixed rate and 13% floating rate[2] - The weighted-average interest rate cost was 4.2%, with an interest coverage ratio of 2.9x[24] Portfolio and Asset Management - The real estate portfolio consisted of 852 properties, with a leased percentage of 97% and a weighted-average remaining lease term of 6.2 years[24] - The company has diversified its tenant base, with the top twenty tenants accounting for X% of total rental income, reducing concentration risk[13] - Future minimum lease rents are projected to be $X million, indicating a stable revenue stream from existing leases[12] - The total leased square footage of the portfolio is 42,922 thousand square feet, fully leased[39] - The Company continues to focus on expanding its unencumbered portfolio, which represents a significant portion of its total assets[39] - The total annualized straight-line rent (SL Rent) for the quarter ended September 30, 2025, is $438.91 million, with the United States contributing $306.37 million, representing 69.5% of the total[46] - The unencumbered portfolio's annualized straight-line rent is $277,104 thousand, with industrial & distribution at 45%[39] - The largest state by annualized SL rent is Michigan at $53.00 million, accounting for 12.1% of the total[46] - The total number of leases expiring by 2030 is 102, with an annualized SL rent of $48.49 million, representing 11.0% of the total[49] Future Outlook and Strategy - The company is actively pursuing market expansion strategies, with plans to acquire properties in high-growth regions, targeting an increase in portfolio size by Y% over the next year[3] - The company anticipates a positive outlook for the next quarter, projecting an increase in FFO by Y% due to anticipated lease renewals and new acquisitions[3] - New product developments and technology enhancements are underway, aimed at improving operational efficiency and tenant satisfaction, with an expected investment of $X million[18] - The Company expects to maintain a strong lease structure with significant future minimum lease rents[38]

Exhibit 99.1 MILWAUKEE, Wis. - The Manitowoc Company, Inc. (NYSE: MTW) (the "Company" or "Manitowoc") today reported third-quarter net income of $5.0 million, or $0.14 per diluted share. Orders in the third quarter were $491.4 million, a 15.7% increase from the prior year, resulting in backlog of $666.5 million. Net sales in the third quarter were $553.4 million, an increase of 5.4% from the prior year, and included non-new machine sales of $177.4 million, an increase of 4.9% year-over-year. Adjusted EBITDA ...

Exhibit 99.1 FICO Announces Earnings of $6.42 per Share for Fourth Quarter Fiscal 2025 Revenue of $516 million vs. $454 million in prior year BOZEMAN, Mont.--(BUSINESS WIRE)--November 5, 2025--FICO (NYSE:FICO), a global analytics software leader, today announced results for its fourth fiscal quarter ended September 30, 2025. Fourth Quarter Fiscal 2025 GAAP Results Net income for the quarter totaled $155.0 million, or $6.42 per share, versus $135.7 million, or $5.44 per share, in the prior year period. Fourt ...