Financial Performance - Banco Bradesco reported a net income of R$23.9 billion for 2025, representing a year-over-year increase of 36.4%[16] - Net income for 2025 reached R$23,924,636, a significant increase of 36.2% compared to R$17,542,153 in 2024[78] - Total comprehensive income for 2025 was R$24,979,324, compared to R$14,131,735 in 2024, showing an increase of 76.5%[78] - Basic earnings per common share improved to R$2.13 in 2025, up from R$1.55 in 2024, reflecting a growth of 37.4%[76] - Net interest income rose to R$73,269,592 in 2025, a 8.6% increase from R$67,454,564 in 2024[76] - Fee and commission income increased to R$31,073,646 in 2025, up 9.2% from R$28,336,487 in 2024[76] - The insurance services result improved to R$11,331,343 in 2025, up from R$8,942,260 in 2024, indicating a growth of 26.7%[76] Asset and Liability Management - Total assets increased to R$2,330,327,216 in 2025, up from R$2,069,484,362 in 2024, representing a growth of 12.6%[75] - Total liabilities increased to R$2,151,378,586 in 2025, compared to R$1,900,541,870 in 2024, marking a rise of 13.2%[75] - Deposits from customers increased to R$721,274,151 in 2025, up 12.0% from R$644,338,463 in 2024[75] - Total deposits amounted to R$728.0 billion, reflecting a 12.2% increase year-over-year[17] Capital and Equity - The bank's Tier I capital ratio improved to 13.2%, up by 0.8% from the previous year[16] - The organization employed 82,095 individuals, maintaining a stable representation of women in leadership roles at 18.2%[32] - The company acquired treasury shares amounting to R$222,621 thousand in 2025, reflecting a strategic move to manage equity[81] - Interest on equity payments totaled R$14,499,273 thousand in 2025, consistent with the company's commitment to return value to shareholders[81] Technology and Innovation - The implementation of technology initiatives led to a 43% reduction in lead time and a 118% increase in productivity in product deliveries[18] - The bank's digital platform BIA Clients achieved an 87% resolution rate in chat interactions, enhancing customer service efficiency[19] - The company was awarded the Gold category in the Digital Transformation Brazil Award for its case on AI and customer centrality[71] Social Responsibility and Sustainability - Bradesco allocated R$381.9 billion to socio-environmental sectors, surpassing its goal of R$350 billion by 109% for the 2021-2025 period[37] - In 2025, Bradesco invested R$1.4 billion in social projects, with R$1.2 billion for activity expenses and R$258 million for infrastructure and educational technology[65] - Over 42,000 students will benefit from Bradesco's school network, which spans from early childhood education to high school and technical professional education[66] - Bradesco's sustainability efforts have been recognized in major national and international indexes, including the Dow Jones Sustainability Index[39] - The company has established Ecora, a carbon credit certification initiative, to enhance Brazil's carbon market infrastructure[38] Market Position - The bank's market value stood at R$178.7 billion as of the end of 2025[16] - Bradesco's shares accounted for 3.9% of Ibovespa as of December 31, 2025, indicating strong market presence[50] - Bradesco Asset Management was recognized as the best fund manager for the sixth time, highlighting its leadership in the investment sector[68] Regulatory Compliance and Governance - The organization is listed in Level 1 of Corporate Governance of B3, reflecting its commitment to good governance practices[46] - The consolidated financial statements were approved by the Board of Directors on February 04, 2026, indicating ongoing compliance with regulatory requirements[90] Financial Instruments and Risk Management - Financial assets are classified into three categories: measured at amortized cost, fair value through other comprehensive income (FVOCI), and fair value through profit or loss (FVTPL)[123] - Expected credit losses on loans and advances decreased from R$30,176,989 thousand in 2023 to R$28,677,857 thousand in 2025, indicating improved asset quality[83] - The Organization expects no credit losses for Brazilian government bonds over the next 12 months, indicating a strong credit risk assessment[160] - The effective interest rate method is used to recognize income from financial assets and costs from liabilities, incorporating all relevant transaction costs[167]

Financial Performance - Total net revenues decreased by 5.2% compared to the same period last year, with wholesale revenue down 6.4% and direct-to-consumer revenue down 3.9%[165]. - Apparel revenue decreased by 3.3%, footwear revenue decreased by 12.0%, and accessories revenue decreased by 2.5%[165]. - Net revenue decreased by 10.3% in North America, while it increased by 6.0% in EMEA, decreased by 5.1% in Asia-Pacific, and increased by 19.7% in Latin America[165]. - Net revenues for the three months ended December 31, 2025, decreased by $73.3 million, or 5.2%, to $1.3 billion compared to $1.4 billion in the same period of 2024[172]. - Net sales for the nine months ended December 31, 2025, decreased by $182.2 million, or 4.7%, to $3.7 billion from $3.9 billion in the same period of 2024[175]. - The company reported a net loss of $430.8 million for the three months ended December 31, 2025, compared to a net income of $1.2 million in the same period of 2024[171]. Cost and Expenses - Gross margin decreased by 310 basis points to 44.4%[165]. - Selling, general and administrative expenses increased by 4.2%[165]. - Selling, general and administrative expenses increased by $26.8 million, or 4.2%, during the three months ended December 31, 2025, compared to the same period in 2024[185]. - Selling, general and administrative expenses as a percentage of net revenues increased to 50.0% during the three months ended December 31, 2025, compared to 45.5% in 2024[185]. - Marketing and advertising costs decreased by $20.2 million or 12.6%, representing 10.5% of net revenues compared to 11.4% in the previous period[1]. - Other costs increased by $47.0 million or 9.8%, rising to 39.5% of net revenues from 34.1%[1]. - Restructuring charges for the three months ended December 31, 2025, amounted to $74.98 million, significantly higher than $13.95 million in the same period of 2024[186]. - Restructuring charges increased by $61.0 million during the three months ended December 31, 2025, a 437.7% increase compared to the same period in 2024[188]. Restructuring and Future Plans - The company approved a restructuring plan with an updated total of up to $255 million in pre-tax charges, including $107 million in cash-related charges and $148 million in non-cash charges[163]. - The restructuring plan is expected to be substantially complete by the end of Fiscal 2026[163]. - Anticipated negative impact of approximately $80 million to cost of goods sold in Fiscal 2026 due to increased tariffs, expected to impact gross profit by approximately 160 basis points[167]. - The company is focused on long-term growth through increased sales in apparel, footwear, and accessories, as well as expansion in direct-to-consumer and wholesale channels[162]. Cash Flow and Liquidity - Cash provided by operating activities increased by $114.2 million for the nine months ended December 31, 2025, driven by changes in working capital[237]. - As of December 31, 2025, the company had approximately $465 million in cash and cash equivalents[225]. - The company anticipates that cash on hand and cash from operations will be adequate to meet liquidity needs for at least the next twelve months[225]. - Cash flows used in investing activities increased by $574.5 million compared to the nine months ended December 31, 2024, with $601.2 million deposited into a restricted investment related to Senior Notes due 2026[238]. - Total capital expenditures for the nine months ended December 31, 2025, were $72.0 million, approximately 2% of net revenues, a decrease of $67.9 million from $139.9 million in the same period of 2024[239]. - Cash flows provided by financing activities increased by $514.9 million compared to the nine months ended December 31, 2024, including the issuance of $400 million of Senior Notes due 2030[240]. Debt and Compliance - The company issued $400 million in Senior Notes due 2030, bearing interest at a fixed rate of 7.25% per annum, payable semi-annually starting January 15, 2026[254]. - The company is required to maintain a consolidated EBITDA to consolidated interest expense ratio of not less than 3.50 to 1.0, and total indebtedness to consolidated EBITDA ratio not exceeding 3.25 to 1.0[248]. - As of December 31, 2025, the company was in compliance with all applicable covenants under the amended credit agreement[248]. - The amended credit agreement provides for $1.1 billion of revolving credit commitments, expiring on June 16, 2030, with certain conditions for extensions[242]. - The company satisfied and discharged the Senior Notes due 2026 by depositing sufficient funds, thus releasing it from remaining obligations under those notes[252]. - As of December 31, 2025, the company had no outstanding amounts under the revolving credit facility after repaying $200 million of borrowings[243].

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 December 31, 2025 or Table of Contents ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File No. 001-33202 __________________________ ...

Exhibit 99.1 Plains All American Reports Fourth-Quarter and Full-Year 2025 Results Houston, TX – February 6, 2026 – Plains All American Pipeline, L.P. (Nasdaq: PAA) and Plains GP Holdings (Nasdaq: PAGP) today reported fourth-quarter and full-year 2025 results, announced 2026 guidance and provided the following highlights: Fourth Quarter and Full-Year 2025 Results 2026 Outlook and Key Highlights "Last year we took significant steps to transition the company toward becoming the premier North American pure pla ...

Financial Performance - Fourth-quarter 2025 net income attributable to Plains All American was $342 million, with full-year net income reaching $1.435 billion, an 86% increase compared to 2024[4] - Fourth-quarter 2025 adjusted EBITDA attributable to Plains All American was $738 million, while full-year adjusted EBITDA totaled $2.833 billion, reflecting a 2% increase from 2024[4] - Operating income for the twelve months ended December 31, 2025, was $1,434 million, compared to $868 million in 2024, reflecting a significant increase[26] - Total net income for the twelve months ended December 31, 2025, reached $1.169 billion, a significant increase from $514 million in 2024[29] - Net income attributable to PAA for the three months ended December 31, 2025, was $342 million, up from $36 million in the same period of 2024[26] - Basic net income per Class A share for continuing operations was $0.77 for the twelve months ended December 31, 2025, compared to $0.19 in 2024[64] - Basic net income per common unit for the three months ended December 31, 2025, was $0.41, compared to a loss of $0.04 in the same period of 2024[36] Cash Flow and Distributions - Plains All American anticipates strong adjusted free cash flow generation of approximately $1.80 billion for 2026, excluding changes in assets and liabilities[4] - Adjusted Free Cash Flow after Distributions for the year was impacted by cash distributions paid to preferred and common unitholders, which are critical for assessing available cash for distributions and debt repayments[22] - Cash provided by operating activities for continuing operations was $2.452 billion for the twelve months ended December 31, 2025, compared to $2.236 billion in 2024, reflecting a 9.7% increase[31] - Cash distributions paid to common unitholders in Q4 2025 totaled $268 million, up from $223 million in Q4 2024, a 20.2% increase[40] - Adjusted Free Cash Flow for Q4 2025 was $(1,219) million, compared to $365 million in Q4 2024, showing a significant decline[43] Assets and Liabilities - Total assets increased to $30,169 million as of December 31, 2025, compared to $26,562 million in 2024, indicating growth in the company's asset base[27] - Total debt rose to $11,262 million as of December 31, 2025, from $7,621 million in 2024, leading to a long-term debt-to-total book capitalization ratio of 52%[28] - Current liabilities decreased slightly to $4,902 million as of December 31, 2025, from $4,924 million in 2024[61] - Senior notes increased to $9,118 million as of December 31, 2025, compared to $7,141 million in 2024, indicating a rise of 28%[61] Acquisitions and Divestitures - Plains All American successfully raised $750 million in senior unsecured notes in November 2025, aimed at reducing commercial paper and funding the Cactus III acquisition[4] - The company completed the acquisition of Cactus III in the fourth quarter of 2025, contributing to the growth strategy despite a flat Permian production profile expected for 2026[3] - The pending sale of the Canadian NGL business is expected to close by the end of Q1 2026, with the company retaining all NGL assets in the U.S. and crude oil assets in Canada[5] - The company is undergoing a divestiture of its Canadian NGL Business, which may impact business relationships and operating results[66] Operational Metrics - Revenues for the three months ended December 31, 2025, were $10,565 million, a decrease of 12.2% from $12,035 million in the same period of 2024[26] - Total revenues for the twelve months ended December 31, 2025, were $44,262 million, a decrease of 9% from $48,889 million in 2024[59] - Crude oil pipeline tariff volumes for Q4 2025 totaled 10,079 thousand barrels per day, an increase of 11.7% from 9,028 thousand barrels per day in Q4 2024[53] - NGL fractionation volumes for Q4 2025 were 150 thousand barrels per day, up 8.7% from 138 thousand barrels per day in Q4 2024[53] Cost Management - The company is focused on achieving approximately $100 million in cost savings through efficiency initiatives by 2027, with about half expected to be realized in 2026[4] - Total capital expenditures for the twelve months ended December 31, 2025, amounted to $719 million, up from $571 million in 2024, indicating a 25.9% increase[33] - The company’s total maintenance capital expenditures for the twelve months ended December 31, 2025, were $211 million, down from $242 million in 2024, indicating a decrease of 12.8%[33] Market and Economic Conditions - Economic conditions, including potential recession and high inflation, could affect demand for crude oil and midstream services[66] - There is a risk of significant declines in North American crude oil and NGL production due to reduced producer cash flow and other factors[66] - The company faces competition that may exert downward pressure on rates, volumes, and margins[66] - Future performance may be impacted by the successful operation of joint ventures and the integration of acquired assets[66] - The company is exposed to environmental liabilities and litigation that may not be covered by insurance[66] - The impact of societal sentiment regarding the hydrocarbon energy industry could influence consumer preferences and regulatory actions[66] - The company is monitoring the pace of natural gas infrastructure development and its effect on crude oil production growth in the Permian Basin[69] - The company is subject to risks related to capital markets, including increased costs of capital and liquidity concerns[69]

Employee Engagement and Support - As of December 31, 2025, the company had approximately 9,300 employees, emphasizing a commitment to community and team member support [60] - The company achieved a 90% participation rate in its annual Employee Engagement Survey in 2025, indicating strong employee engagement [62] - The company offers a comprehensive benefits package, including competitive pay, healthcare, retirement benefits, and paid development time, to attract and retain talent [65] - The company’s approach to talent development and inclusivity is aimed at remaining competitive in attracting and retaining exceptional team members [64] Financial Performance and Risk Management - The company forecasts a net interest income sensitivity of -$35 million for a hypothetical 100 basis point increase in interest rates over the next 12 months [300] - The company has limited exposure to other market risks, including foreign exchange rates, equity prices, and commodity prices, which are not considered material to its operations [302] - The company’s finance receivables consist of fixed-rate consumer loans and credit cards, which are not viewed as interest rate sensitive [299] Social Responsibility and Community Engagement - The company is committed to social responsibility, focusing on building trust with stakeholders and providing responsible credit solutions [67] - The company’s Impact Executive Council, consisting of senior executives, monitors Impact issues and risks, reflecting its commitment to social responsibility [69] - The company has delivered financial education curriculum to over 4,900 schools and 600,000 students through its partnership with EVERFI, aiming to enhance financial literacy [70]

Revenue Growth - Total revenues for the three months ended December 31, 2025, increased by 13% to $459,940,000 compared to $407,417,000 for the same period in 2024[125] - Revenues from entertainment offerings rose by 13% to $360,453,000, up from $318,276,000 year-over-year[125] - Food, beverage, and merchandise revenues increased by 8% to $64,324,000, compared to $59,321,000 in the prior year[125] - Arena license fees and other leasing revenue grew by 18% to $35,163,000 from $29,820,000[125] - Total revenues for the six months ended December 31, 2025, increased by $72,071, or 13%, compared to the prior year period, reaching $618,202[129] - Revenues from entertainment offerings for the six months ended December 31, 2025, increased by $58,406, or 13%, primarily driven by higher revenues from the Christmas Spectacular production and other live events[134] Income and Expenses - Operating income for the three months ended December 31, 2025, was $163,815,000, an increase of 18% from $139,001,000 in 2024[125] - Net income for the three months ended December 31, 2025, was $92,715,000, reflecting a 22% increase from $75,893,000 in the same period last year[125] - Direct operating expenses for entertainment offerings increased by 7% to $176,062,000, up from $164,294,000[125] - Selling, general, and administrative expenses rose by 20% to $68,359,000 compared to $57,189,000 in the prior year[125] - Net income for the six months ended December 31, 2025, was $71,061, reflecting an increase of $14,489, or 26%, compared to the prior year[129] - Direct operating expenses for the six months ended December 31, 2025, increased by $20,243, or 7%, totaling $315,026[143] - Selling, general, and administrative expenses for the six months ended December 31, 2025, rose by $22,009, or 21%, primarily due to increased employee compensation and benefits[148] Interest and Financing - Interest income surged by 123% to $813,000, compared to $365,000 in the previous year[125] - Interest expense decreased by 20% to $10,423,000 from $12,955,000 year-over-year[125] - Interest income for the six months ended December 31, 2025, increased by $596, or 81%, due to higher average balances in cash and cash equivalents[152] - Interest expense decreased by $2,532 for the three months and $5,547 for the six months ended December 31, 2025, compared to the prior year periods due to lower average borrowing rates[153] - A hypothetical 200 basis point increase in floating interest rates as of December 31, 2025 would increase the Company's interest expense on outstanding amounts under credit facilities by $11,883[185] Cash Flow and Assets - Cash flow from operating activities for the six months ended December 31, 2025, was $184,194, compared to $85,499 in the prior year[176] - The company had a net increase in cash, cash equivalents, and restricted cash of $114,039 for the six months ended December 31, 2025, compared to $21,664 in the prior year[176] - As of December 31, 2025, the company's unrestricted cash and cash equivalents were $157,056, with total debt outstanding at $594,141 and available borrowing capacity of $132,573[166] - Net cash provided by operating activities for the six months ended December 31, 2025 increased by $98,695 compared to the prior year period, driven by higher net income adjusted for non-cash items of $15,236 and an increase in cash flows from changes in working capital of $83,459[177] - Net cash used in investing activities for the six months ended December 31, 2025 decreased by $992 to $15,290 compared to the prior year period, primarily due to a reduction in capital expenditures[179] - Net cash used in financing activities for the six months ended December 31, 2025 increased by $7,312 to $54,865 compared to the prior year period, mainly due to a decrease in proceeds from the National Properties Revolving Credit Facility[180] Performance Metrics - Adjusted operating income (AOI) for the three months ended December 31, 2025, was $190,430, an increase of $26,418 or 16% compared to $164,012 in the prior year[160] - AOI for the six months ended December 31, 2025, was $197,511, reflecting an increase of $31,590 or 19% from $165,921 in the prior year[162] - The Company earns a disproportionate share of its revenues and operating income in the second and third quarters of the fiscal year, with the first and fourth quarters being disproportionately lower[181] Asset Impairment - Impairment of long-lived assets for the six months ended December 31, 2025, increased by $13,782, primarily due to losses recognized on right-of-use lease assets[149] Performance Highlights - The company had 215 Christmas Spectacular performances during the holiday season, selling over 1.2 million tickets, compared to approximately 1.1 million tickets sold in the prior year[131] - Arena license fees and other leasing revenue for the six months ended December 31, 2025, increased by $4,800, driven by higher fees from MSG Sports due to more games played[141] - Other expense, net decreased by $372 for the three months and $969 for the six months ended December 31, 2025, primarily due to lower net periodic benefit costs and an increase in unrealized gains[154] - The National Properties Credit Agreement requires a minimum debt service coverage ratio of 2.50:1 and a maximum leverage ratio of 3.50:1, with compliance as of December 31, 2025[172] - The company has $44,796 remaining under its share repurchase program as of December 31, 2025[165]

Exhibit 99.1 CONTACT: Rob Seelig (603) 640-2212 WHITE MOUNTAINS REPORTS FOURTH QUARTER RESULTS HAMILTON, Bermuda (February 6, 2026) - White Mountains Insurance Group, Ltd. (NYSE: WTM) reported book value per share of $2,188 as of December 31, 2025, an increase of 18% for the fourth quarter of 2025 and 25% for the year ended December 31, 2025, including dividends. Liam Caffrey, CEO, commented, "We had an excellent year, with BVPS growth of 18% in the quarter and 25% for the year. The largest contributor in b ...

Financial Performance - Net revenue for the quarter ended December 31, 2025, was $23,577,000, a decrease of 25.2% compared to $31,416,000 for the same quarter in 2024[13] - Gross profit for the quarter was $6,755,000, down 22.1% from $8,668,000 in the prior year[13] - Operating income decreased to $3,101,000, a decline of 32.7% from $4,624,000 year-over-year[13] - Net income for the quarter was $3,442,000, compared to $3,817,000 in the same quarter of 2024, representing a decrease of 9.8%[13] - For the quarter ended December 31, 2025, net revenue was $23,577,000, a decrease of 25.1% compared to $31,416,000 for the same quarter in 2024[50] - The net income for the quarter ended December 31, 2025, was $3,442,000, resulting in a basic and diluted net income per share of $0.23, down from $0.26 in the prior year[41] - Net revenue from the United States for the quarter ended December 31, 2025, was $22,677,000, a decrease of 24.5% from $29,991,000 in the same quarter of 2024[67] Cash Flow and Assets - Cash provided by operating activities was $11,117,000, down from $14,809,000 in the previous year, a decline of 25.3%[19] - Total assets increased to $228,913,000 as of December 31, 2025, compared to $222,596,000 at September 30, 2025, reflecting a growth of 2.0%[11] - Cash and cash equivalents at the end of the period were $36,731,000, compared to $26,587,000 at the end of the previous quarter, an increase of 38.1%[11] - The carrying amounts of cash and cash equivalents, accounts receivable, and accounts payable approximate fair value due to their short-term nature[36] Liabilities and Equity - Total liabilities rose to $13,669,000, an increase of 26.5% from $10,794,000 at the end of the previous quarter[11] - Retained earnings increased to $201,188,000, up from $197,746,000 at September 30, 2025, indicating a growth of 2.3%[15] Inventory and Contract Assets - Slow-moving and obsolete inventory reserves increased to $15,843,000 as of December 31, 2025, compared to $15,569,000 at September 30, 2025[39] - Contract assets decreased to $5,091,000 as of December 31, 2025, from $12,208,000 at September 30, 2025[51] - Customer deposits related to contracts with customers rose to $6,022,000 as of December 31, 2025, up from $3,889,000 at September 30, 2025[55] - The company anticipates that all contract assets at December 31, 2025, will be billed and collected within one year[51] Credit Losses and Provisions - The company reported a provision for credit losses of $95,000 for the quarter, indicating a proactive approach to managing credit risk[19] - The provision for credit losses increased to $95,000 for the quarter ended December 31, 2025, compared to no provision in the same quarter of 2024[59] - The balance for the allowance for credit losses at the end of the quarter was $498,000, up from $425,000 at the end of December 31, 2024, representing a 17.1% increase[59] Marketable Securities - As of December 31, 2025, the total fair value of marketable securities was $111,003,000, with Level 1 investments valued at $80,212,000 and Level 2 investments at $30,791,000[34] - The company recognized net unrealized gains of $169,000 on trading securities during the quarter ended December 31, 2025[34] Customer Concentration - Three customers accounted for 33% of net revenues for the quarter ended December 31, 2025, compared to two customers accounting for 37.6% in the same quarter of 2024[43] Lease Obligations - Operating lease costs for the quarter ended December 31, 2025, were $115,000, compared to $112,000 for the same quarter in 2024, reflecting a 2.7% increase[62] - The total long-term assets attributed to the United States as of December 31, 2025, were $16,422,000, an increase from $16,055,000 as of September 30, 2025[67] - The weighted average remaining lease term as of December 31, 2025, was 0.67 years, down from 0.92 years as of September 30, 2025[63] - The current operating lease liability as of December 31, 2025, was $248,000, consistent with the amount reported as of September 30, 2025[63] - The company recorded a right-of-use asset totaling $370,000 upon extending the lease term through August 31, 2026[61] Subsequent Events - The company did not identify any subsequent events that would require adjustment to or disclosure in the condensed consolidated financial statements[68]

Exhibit 99.1 UNDER ARMOUR REPORTS THIRD QUARTER FISCAL 2026 RESULTS; UPDATES FISCAL 2026 OUTLOOK BALTIMORE, Feb. 6, 2026 – Under Armour, Inc. (NYSE: UAA, UA) released its unaudited financial results for the third quarter of fiscal 2026, which ended on December 31, 2025. The company reports its financial performance in accordance with United States Generally Accepted Accounting Principles ("GAAP"). This press release includes references to "currency neutral" and "adjusted" amounts, which are non-GAAP financi ...