Health and Safety - In 2025, NOVAGOLD's Donlin Gold project had no recordable injuries or lost time incidents, reflecting a strong commitment to health and safety[50] Financials and Budget - The fiscal 2026 budget for Donlin Gold is set at $131.4 million, with NOVAGOLD's share being $78.8 million, aimed at advancing the Bankable Feasibility Study (BFS) and securing permits[54] - A 1% change in the U.S. prime rate would result in an increase or decrease of approximately $1.7 million in interest accrued on the promissory note owed to Barrick per annum[476] Project Development - A Request for Proposals (RFP) for a BFS was issued to top-tier engineering firms, with proposals received in October 2025 and a contractor expected to be selected in Q1 2026[51] - An 18,454-meter drill program was completed in 2025, focusing on mine planning, geological modeling, and resource conversion[51] - Frank Arcese was hired as Project Director for Donlin Gold, bringing over 40 years of experience in large-scale mining projects[52] - The company is actively recruiting for critical positions to support the advancement of the BFS and project development[52] Community and Environmental Initiatives - NOVAGOLD has engaged in community and environmental initiatives, including meetings with local stakeholders and government officials to discuss project priorities[53] - Environmental efforts include channel restoration work at Snow Gulch to support aquatic life and restore natural habitat conditions[53] Market Conditions - The average gold price in 2025 was $3,436 per ounce, with a high of $4,482 and a low of $2,632[64]

Financial Performance - 4Q25 diluted EPS was $1.27, up 16.4% year-over-year from $1.09 in 4Q24, with total core revenues of $185.4 million, a 1.9% increase from $181.9 million in 4Q24[1][3] - Full year 2025 diluted EPS increased to $4.58, an 8.3% growth from $4.23 in 2024, with total core revenues reaching $729.8 million, up 2.8% from $709.6 million in 2024[2][3] - Net income available to common stockholders for 2025 was $205,103 thousand, compared to $198,170 thousand in 2024, representing a year-over-year increase of 3.9%[31] - Net income available to common shareholders for Q4 2025 was $55,893,000, an increase from $51,838,000 in Q3 2025[33] - Income before income taxes was $234.117 million, down from $253.748 million in the previous year, representing a decrease of 7.8%[34] Revenue and Income - Net interest income for Q4 2025 was $152,744 thousand, an increase from $149,138 thousand in Q4 2024, reflecting a growth of 2.2% year-over-year[29] - Total core revenues for the year ended 2025 reached $729,808 thousand, up from $709,621 thousand in 2024, indicating a growth of 2.8%[31] - Non-interest income totaled $122.976 million, a decrease from $123.249 million in 2024, indicating a slight decline of 0.2%[34] - Non-interest income for Q4 2025 was $31,576,000, slightly up from $31,453,000 in Q3 2025[33] Loans and Credit Quality - Total loans held for investment at the end of 4Q25 were $8.20 billion, a 1.0% sequential increase and a 5.25% year-over-year increase from $7.79 billion in 4Q24[14] - New loan production for 4Q25 was $605.6 million, a decrease from $623.9 million in 3Q25, but an 11.5% increase year-over-year, totaling $2.57 billion for the year[15] - The net charge-off rate for 2025 was 1.00%, up from 0.89% in 2024, indicating a deterioration in credit quality[31] - Total delinquency for loans (30 days and over past due) increased to $308,570 thousand in Q4 2025, up from $294,871 thousand in Q3 2025, representing a 0.24% increase[43] - Total nonperforming loans reached $130,063 thousand in Q4 2025, compared to $99,043 thousand in Q3 2025, indicating a significant increase of 31.4%[44] Deposits and Funding - Customer deposits at the end of 4Q25 were $9.92 billion, reflecting a 1.1% sequential increase and a 5.0% year-over-year increase from $9.45 billion in 4Q24[17] - Total deposits for 2025 were $9,999,885 thousand, an increase from $9,613,722 thousand in 2024, representing a growth of 4.0%[31] - Total deposits increased to $152.747 million from $150.280 million, showing a growth of 1.5%[34] Expenses and Provisions - Total provision for credit losses in 4Q25 was $31.9 million, up from $30.2 million in 4Q24, primarily due to increased loan volume[10] - Non-interest expense for 4Q25 was $105.0 million, an increase from $99.7 million in 4Q24, driven by various operational costs[12] - The provision for credit losses for 2025 totaled $107,513 thousand, significantly higher than $82,251 thousand in 2024, marking a 30.8% increase[31] Capital and Ratios - The CET1 ratio at the end of 4Q25 was 13.97%, down from 14.26% in 4Q24, while tangible book value per share increased to $29.96 from $25.43 in 4Q24[19] - Tangible common equity (Non-GAAP) reached $1,295,909,000, reflecting a tangible book value per common share of $29.96[49] - Common equity Tier 1 capital was reported at $1,318,632,000, with a common equity Tier 1 capital ratio of 13.97%[50] Asset Management - Total assets increased to $12,465.7 million as of December 31, 2025, up from $11,500.7 million a year earlier, representing a growth of 8.4%[35] - The company’s retained earnings increased to $904.6 million, up from $772.0 million, representing a growth of 17.1% year-over-year[35] - Total stockholders' equity rose to $1,390.0 million, compared to $1,254.4 million a year ago, indicating an increase of 10.8%[35] Interest Rates and Margins - The net interest margin for 2025 was 5.27%, down from 5.43% in 2024, suggesting a tightening in interest income[31] - Total interest income for 2025 was $780.936 million, an increase from $750.277 million in 2024, representing a growth of 4.4%[34] - Total interest-earning assets increased to $11,542,913 thousand in 2025, with a net interest income of $780,936 thousand and a net interest margin of 5.27%[39]

Earnings Per Share (EPS) - Fourth-quarter GAAP diluted EPS was $1.01, and adjusted diluted EPS was $1.50, reflecting a growth of 12%[3] - Full-year 2025 GAAP diluted EPS was $3.72, and adjusted diluted EPS was $5.15, reflecting a growth of 10%[3] - Abbott expects full-year 2026 adjusted diluted EPS to be between $5.55 and $5.80, indicating a 10% growth at the midpoint[3] - In Q4 2025, Abbott reported a net earnings of $1.776 billion, which adjusted to $2.630 billion after specified items, resulting in a diluted earnings per share of $1.01 and $1.50 respectively[37] Sales Performance - Full-year 2025 sales reached $44.3 billion, an increase of 5.7% on a reported basis and 5.5% on an organic basis[3] - Fourth-quarter sales increased by 4.4% on a reported basis and 3.0% on an organic basis, or 3.8% when excluding COVID-19 testing-related sales[3] - In Q4 2025, total worldwide sales reached $11.459 billion, a 4.4% increase from $10.974 billion in Q4 2024[27] - For the full year 2025, total worldwide sales were $44.328 billion, up 5.7% from $41.950 billion in 2024[32] - In Q4 2025, U.S. sales were $2.605 billion, reflecting a 10.7% increase compared to Q4 2024[17] - International sales in Q4 2025 totaled $3.070 billion, marking a 13.7% increase year-over-year[17] - The Diabetes Care segment reported sales of $2.0 billion in Q4 2025, growing 15.0% on a reported basis[18] - Abbott's international revenue for 2025 was $27.202 billion, up 6.1% from $25.627 billion in 2024[49] Future Projections - Abbott projects full-year 2026 organic sales growth to be in the range of 6.5% to 7.5%[3] - The company plans to continue focusing on market expansion and new product development as part of its growth strategy[52] Expenses and Margins - Abbott's R&D expenses for 2025 were $2.942 billion, adjusted to $2.830 billion, showing a slight increase from $2.844 billion in 2024[41] - The company's SG&A expenses for 2025 were reported at $12.332 billion, adjusted to $12.020 billion, compared to $11.697 billion in 2024[41] - The gross margin for Q4 2025 was $6.115 billion, adjusted to $6.543 billion after accounting for specified items, reflecting an increase from Q4 2024's adjusted gross margin of $6.240 billion[37][38] - Gross margin for the twelve months ended December 31, 2025, was $1,824 million, with a contribution of $1,682 million from intangible amortization[57] Net Earnings - Net earnings for Q4 2025 were $1.776 billion, compared to $9.229 billion in Q4 2024, with significant adjustments impacting the figures[29] - For the full year 2025, Abbott's net earnings were reported at $6.524 billion, adjusted to $9.040 billion, with diluted earnings per share increasing from $3.72 to $5.15[41] - Net earnings for the same period were $2,516 million, resulting in diluted earnings per share of $1.43[57] - For the twelve months ended December 31, 2024, net earnings were reported as a loss of $5,202 million, leading to diluted earnings per share of $(2.97)[60] Acquisitions and Approvals - Abbott announced an agreement to acquire Exact Sciences to enter the cancer diagnostics market, with the transaction expected to close in Q2 2026[3] - Abbott received FDA approval for its Volt™ PFA System and CE Mark for its TactiFlex™ Duo Ablation Catheter, enhancing its Electrophysiology leadership[3] Tax and Other Items - In Q4 2025, the effective tax rate excluding specified items was 14.8%, compared to 15.0% in Q4 2024[44] - The specified items in Q4 2025 included $422 million in intangible amortization and $306 million in other net expenses related to restructuring and acquisitions[37][50] - The company recognized a tax benefit of approximately $610 million due to the resolution of various tax positions related to prior years[58] - Acquisition-related expenses included integration costs directly related to integrating acquired businesses[55]

slide1 McCORMICK REPORTS STRONG 2025 FINANCIAL RESULTS AND PROVIDES 2026 OUTLOOK HUNT VALLEY, Md., Jan. 22, 2026 - McCormick & Company, Incorporated (NYSE:MKC), a global leader in flavor, today reported financial results for the fourth quarter and fiscal year ended November 30, 2025 and provided its financial outlook for fiscal year 2026. • Net sales increased 3% in the fourth quarter from the year-ago period and included a 1% favorable impact from currency. Organic sales grew 2% compared to the year-ago pe ...

Financial Performance - Net sales increased by 3% in Q4 2025, with organic sales growing by 2% and a 1% favorable impact from currency[1] - For fiscal year 2025, total net sales rose by 2%, with organic sales remaining flat due to minimal currency impact; earnings per share was $2.93, up from $2.92 in 2024[1] - Operating income for Q4 2025 was $311 million, a 1.6% increase from the previous year, while adjusted operating income rose to $317 million[3] - The consumer segment net sales increased by 4% in Q4 2025 to $1,127 million, with organic sales up by 3% driven by price and volume[4] - Cash flow from operations for fiscal year 2025 was $962 million, an increase from $922 million in 2024[5] - Gross profit margin for fiscal year 2025 was 37.9%, a contraction of 60 basis points compared to the previous year[5] - Adjusted gross profit for the year ended November 30, 2025, was $2,594.3 million, maintaining a gross profit margin of 37.9%[8] - Adjusted operating income for the year ended November 30, 2025, was $1,094.0 million, reflecting a 2.3% increase compared to the previous year[8] - Net income for the year ended November 30, 2025, was $789.4 million, with an adjusted net income of $807.1 million, a 1.4% increase year-over-year[8] - The company's gross profit for the year ended November 30, 2025, was $2,592.2 million, slightly up from $2,591.0 million in the previous year[14] - Operating income for the year increased to $1,070.8 million, compared to $1,060.3 million in 2024, reflecting a growth of 1.5%[14] - Net income for the year was $789.4 million, a marginal increase from $788.5 million in 2024[14] - Earnings per share (diluted) for the year remained stable at $2.93, compared to $2.92 in the previous year[14] Future Outlook - Fiscal year 2026 outlook projects net sales growth of 13% to 17%, with organic sales growth expected to be between 1% to 3%[6] - Adjusted earnings per share for fiscal year 2026 is forecasted to be between $3.05 and $3.13, reflecting a growth of 2% to 5%[6] - The acquisition of a controlling interest in McCormick de Mexico is expected to contribute 11% to 13% to net sales growth in 2026[6] - Projected net sales growth for the year ending November 30, 2026, is expected to be between 13% to 17%, with an impact of favorable foreign currency exchange of 1%[11] - Adjusted operating income is projected to increase by 16% to 20% for the same period, with a constant currency increase of 15% to 19%[11] - Adjusted earnings per share (diluted) is expected to rise by 2% to 5%, with a constant currency increase of 1% to 4%[11] Assets and Liabilities - Total assets as of November 30, 2025, were $13,200.4 million, up from $13,070.3 million in 2024[15] - Total liabilities decreased to $7,432.3 million from $7,753.5 million in the previous year, indicating improved financial health[15] - Cash and cash equivalents at the end of the year were $95.9 million, down from $186.1 million at the beginning of the year[16] - The company invested $221.8 million in capital expenditures during the year, compared to $274.9 million in 2024[16] Strategic Initiatives - The company plans to continue investing in core categories to sustain volume trends and drive long-term profitable growth[2] - McCormick's commitment to innovation and market expansion continues to drive its strategy, focusing on consumer demand for flavor[13] - The company plans to continue providing non-GAAP financial measures to enhance comparisons to prior periods and facilitate future projections[7]

Financial Performance - Net income for Q4 2025 was $34.0 million, or $0.89 per diluted share, compared to $35.0 million, or $0.91 per diluted share in Q3 2025[1] - Full year 2025 net income was $134.2 million, an increase from $131.3 million in 2024, with EPS rising to $3.49 from $3.41[2] - Net income for Q4 2025 was $33,967,000, slightly higher than $33,065,000 in Q4 2024, representing a 2.7% increase[28] - Diluted earnings per share for Q4 2025 were $0.89, compared to $0.86 in Q4 2024, marking a 3.5% increase[28] - Net income before amortization of intangibles for the twelve months ended December 31, 2025, was $134,904, compared to $132,169 in 2024[36] Asset and Loan Growth - Total portfolio loans increased by $91.0 million, or 4.52% annualized, compared to September 30, 2025[5] - Total assets reached $9.9 billion at December 31, 2025, an increase of $53.5 million from the previous quarter[12] - Total assets increased to $9,870,980 in Q4 2025 from $9,657,972 in Q4 2024[38] - Total loans reached $8,002,363 thousand in Q4 2025, maintaining a net interest margin of 6.00%, consistent with Q3 2025 and Q4 2024[31] Deposits and Interest Income - Total deposits rose by $36.9 million, or 1.85% annualized, with customer deposits growing by $56.9 million, or 2.92% annualized[5] - Total deposits for Q4 2025 were $7,958,831,000, up from $7,783,117,000 in Q4 2024, reflecting a growth of 2.25%[30] - Total interest and dividend income for Q4 2025 was $131,113,000, an increase from $127,879,000 in Q4 2024[28] - Net interest income for Q4 2025 reached $90,960,000, compared to $83,258,000 in Q4 2024, reflecting a year-over-year growth of 9.5%[28] Credit Quality and Losses - The allowance for credit losses (ACL) was $93.2 million, or 1.15% of total portfolio loans, down from $98.2 million, or 1.23% at September 30, 2025[9] - Net charge-offs for 2025 were $14.5 million, or 0.18% of average loans, compared to $8.3 million, or 0.11% in 2024[16] - The company reported a provision for credit losses of $5,696,000 in Q4 2025, compared to a negative provision of $(2,462,000) in Q4 2024[28] - Nonaccrual loans totaled $55,558 thousand in Q4 2025, representing 0.69% of total loans, compared to 0.62% in Q3 2025 and 0.36% in Q4 2024[33] Shareholder Equity and Returns - The total shareholders' equity increased to $1,475,874 thousand in Q4 2025, compared to $1,463,098 thousand in Q3 2025 and $1,374,907 thousand in Q4 2024[31] - Tangible book value (non-GAAP) increased to $29.11 in Q4 2025 from $28.69 in Q3 2025, and $26.25 in Q4 2024[35] - Return on average tangible shareholders' equity (non-GAAP) decreased to 12.30% in Q4 2025 from 12.81% in Q3 2025, and 13.25% in Q4 2024[35] - Average total shareholders' equity rose to $1,444,322 in 2025 from $1,330,870 in 2024[36] Efficiency and Margins - The efficiency ratio (FTE) for Q4 2025 was 53.99%, an improvement from 56.93% in Q4 2024[28] - Pre-provision net revenue to average assets (non-GAAP) improved to 1.95% in Q4 2025 from 1.89% in Q3 2025, and 1.72% in Q4 2024[35] - Net interest margin (FTE) (non-GAAP) increased to 3.90% in 2025 from 3.82% in 2024[37] - The net interest margin (FTE) for the twelve months ended December 31, 2025, was 3.90%, up from 3.82% in 2024[32]

Financial Performance - Q4 2025 Billings totaled approximately $79 million, representing a 42% year-over-year increase and over a 23% sequential increase compared to Q3 2025[5] - FY 2025 Billings reached approximately $271 million, exceeding guidance of $250 million[5] - Cash from Operating Activities (CFFO) for Q4 2025 was approximately $24 million, with FY 2025 CFFO totaling $45 million, surpassing guidance of $30 million and showing a $65 million improvement compared to FY 2024[5][13] - Cash and cash equivalents increased to $70 million at December 31, 2025, up from $51 million at September 30, 2025, due to strong CFFO[5][15] Subscriber Metrics - The company had 374 thousand paid subscribers and 2.0 million active free subscribers as of December 31, 2025[5][8] - The customer mix improved, with 65% of customers having a lifetime spend of over $500, contributing to sales growth and margin expansion[10] Future Reporting and Proposals - The company plans to report full audited results for Q4 and FY 2025 by March 31, 2026[23] - A proposal was received from Monument & Cathedral Holdings, LLC to acquire all outstanding equity interests of the company for cash consideration of $17.25 per share[20] Dividends and Tax Payments - The Board of Directors declared a quarterly cash dividend of $0.20 per share, paid on December 24, 2025[21] - Tax distribution payments for FY 2025 totaled $49.8 million, with expectations for a decline to approximately $35 million in FY 2026[17]

Financial Performance - Full year 2025 revenue increased 15% year-over-year to $1,894 million, despite a 9% decrease in Q4 revenue [4] - Revenue for the year ended December 27, 2025, was $1,894 million, an increase of 14.5% compared to $1,654 million for the year ended December 28, 2024 [26] - Gross profit for the year ended December 27, 2025, was $904 million, representing a gross margin of approximately 47.7%, up from $741 million in the previous year [26] - Adjusted gross profit for the year ended December 27, 2025, was $1,283 million, representing a margin of 68%, compared to $1,119 million and 68% in the previous year [29] - Adjusted Operating Income for Q4 2025 was $41 million, down 59% from $101 million in Q4 2024 [9] - Operating loss for the year ended December 27, 2025, was $(440) million, compared to $(3,225) million in the previous year, indicating a significant reduction in losses [26] - Net loss for the year ended December 27, 2025, was $(392) million, an improvement from $(3,090) million in the prior year [26] - Diluted EPS (GAAP) was $(0.16) in Q4 2025, compared to $(0.09) in Q4 2024, reflecting a 78% decrease [8] Cash Flow and Assets - Generated $602 million of net cash from operating activities in 2025, up 51% from 2024, ending the year with $1.8 billion in cash and cash equivalents [4] - Cash and cash equivalents as of December 27, 2025, were $1,836 million, an increase from $1,426 million in the previous year [27] - Cash, cash equivalents, and restricted cash at the end of the year were $1,860 million, an increase from $1,438 million at the beginning of the year [28] - Total assets as of December 27, 2025, were $12,492 million, slightly down from $12,579 million as of December 28, 2024 [27] - Total liabilities as of December 27, 2025, were $6,611 million, compared to $4,992 million as of December 28, 2024 [27] Future Outlook - Full-year 2026 financial guidance implies flat to 5% year-over-year revenue growth, with approximately 19% expected growth in Q1 2026 [4] - The company anticipates future growth prospects despite macroeconomic uncertainties and potential regulatory changes affecting the robotics industry [24] - The company plans to continue investing in new technologies and market expansion to drive future growth [28] Product and Market Developments - The expected automotive revenue pipeline reached $24.5 billion at year-end 2025, a 42% increase since year-end 2022 [7] - Mobileye's average system price was $50.8 in Q4 2025, up from $50.0 in the prior year period [10] - The average system price for EyeQ and SuperVision systems was $50.8 in Q4 2025, compared to $50.0 in Q4 2024 [32] - Total revenue from EyeQ and SuperVision systems was $420 million in Q4 2025, down from $464 million in Q4 2024 [32] - The number of systems shipped in Q4 2025 was 8.3 million, a decrease from 9.3 million in Q4 2024 [32] - Mobileye agreed to acquire Mentee Robotics, expected to close in Q1 2026, expanding its leadership in Physical AI [4] - Volkswagen plans to expand its robotaxi services to 6 cities by the end of 2027, supported by Mobileye's technology [7] Expenses - Research and development expenses for the year ended December 27, 2025, totaled $1,151 million, an increase from $1,083 million in the prior year [26] - Adjusted gross margin for Q4 2025 was 67%, down from 69% in Q4 2024, primarily due to higher EyeQ-related costs [12] Impairments - The company incurred a goodwill impairment of $2,695 million in the previous year, which significantly impacted net income [31]

https://files.reportify.cc/media/production/NTRSO5fcdcf8d1ebfc8f2820 Financial Trends Fourth Quarter 2025 January 22, 2026 Please direct inquiries to: Jennifer Childe Senior Vice President, Director of Investor Relations (312) 444-3290 or jennifer.childe@ntrs.com Trace Stegeman Senior Financial Analyst, Investor Relations (312) 630-1428 or trace.stegeman@ntrs.com The historical financial results and trends reflected in this report are not indicative of future financial results and trends for Northern Trust ...

Exhibit 99.3 https://files.reportify.cc/media/production/NTRS1d9b9ef5582f9582213f Financial Trends Fourth Quarter 2025 January 22, 2026 Please direct inquiries to: Jennifer Childe Senior Vice President, Director of Investor Relations (312) 444-3290 or jennifer.childe@ntrs.com Trace Stegeman Senior Financial Analyst, Investor Relations (312) 630-1428 or trace.stegeman@ntrs.com The historical financial results and trends reflected in this report are not indicative of future financial results and trends for No ...