Exhibit 99.1 Vail Resorts Contacts: Investor Relations: Connie Wang, InvestorRelations@vailresorts.com Media: Sara Olson, News@vailresorts.com Vail Resorts Reports First Quarter Fiscal 2026 and Season Pass Sales Results, Reaffirms Guidance and Announces 2026 Capital Plan BROOMFIELD, Colo. - December 10, 2025 - Vail Resorts, Inc. (NYSE: MTN) today reported results for the first quarter of fiscal 2026 ended October 31, 2025, provided North American season pass sales results for the 2025/2026 ski season, reaff ...

Financial Performance - Adobe achieved record revenue of $6.19 billion in Q4 FY2025, representing a 10% year-over-year growth[6] - Total Adobe Annualized Recurring Revenue (ARR) exiting FY2025 was $25.20 billion, reflecting an 11.5% year-over-year growth[11] - Digital Media segment revenue reached $4.62 billion in Q4 FY2025, marking an 11% year-over-year growth[6] - Digital Experience segment revenue was $1.52 billion in Q4 FY2025, representing a 9% year-over-year growth[6] - Business Professionals & Consumers subscription revenue was $1.72 billion in Q4 FY2025, reflecting a 15% year-over-year growth[6] - Adobe's GAAP net income for FY2025 was $7.13 billion, with diluted EPS of $16.70[11] - Net income for the three months ended November 28, 2025, was $1,856 million, an increase of 10.3% compared to $1,683 million for the same period in 2024[23] - Non-GAAP operating income for the three months ended November 28, 2025, was $2,824 million, up 8.8% from $2,596 million in the prior year[25] - GAAP diluted net income per share for the three months ended November 28, 2025, was $4.45, up from $3.79 in the same period last year, reflecting a growth of 17.4%[25] Cash Flow and Assets - Operating cash flows for FY2025 were over $10 billion, with record cash flows from operations of $3.16 billion in Q4[5][6] - Cash and cash equivalents at the end of the period were $5,431 million, a decrease of 28.6% from $7,613 million at the end of the same period last year[23] - Total assets decreased to $29,496 million as of November 28, 2025, down from $30,230 million a year earlier, representing a decline of approximately 2.4%[22] - The company reported a net cash provided by operating activities of $3,160 million for the three months ended November 28, 2025, an increase of 8.2% from $2,921 million in the same period last year[23] Liabilities and Share Repurchase - Total liabilities increased to $17,873 million as of November 28, 2025, compared to $16,125 million a year earlier, marking an increase of approximately 10.8%[22] - The company repurchased approximately 7.2 million shares during Q4 FY2025 and 30.8 million shares throughout FY2025[6][11] - The company repurchased $2,474 million of common stock during the three months ended November 28, 2025, compared to $2,500 million in the same period last year[23] Future Projections - Adobe plans to target over 10% growth in Total Adobe ending ARR for FY2026[5] - For FY2026, Adobe projects total revenue between $25.90 billion and $26.10 billion, with earnings per share (EPS) guidance of $17.90 to $18.10 on a GAAP basis[10] - For fiscal year 2026, the company projects GAAP diluted net income per share to be between $17.90 and $18.10, with non-GAAP diluted net income per share expected to be between $23.30 and $23.50[28] Tax and Non-GAAP Measures - The effective income tax rate for GAAP was reported at 18.0% for the fourth quarter of fiscal 2025, with a non-GAAP effective income tax rate of 18.5%[27] - Adobe utilizes non-GAAP financial information to evaluate ongoing operations and for internal planning and forecasting purposes[31] - Non-GAAP measures may exclude items such as stock-based compensation, amortization of intangibles, and other non-operational items[32] - Adobe provides reconciliations of non-GAAP financial measures to the most closely applicable GAAP financial measures[32] - The management believes that non-GAAP measures offer greater transparency regarding key metrics used in financial and operational decision-making[31] - Investors are encouraged to review both GAAP and non-GAAP financial measures for a comprehensive understanding of Adobe's performance[32] - Non-GAAP measures are considered useful for assessing the performance of Adobe's business and for future planning[32] - The company emphasizes that non-GAAP measures should not be viewed in isolation from GAAP financial information[31] - Adobe's management does not suggest that investors consider non-GAAP measures as substitutes for GAAP measures[31] - The use of non-GAAP measures allows institutional investors and analysts to better evaluate Adobe's operating results and future prospects[31] - Adobe continues to comply with all GAAP requirements while providing additional non-GAAP insights[31]

Financial Position - As of September 30, 2025, the company had cash of $5,431 and a working capital deficit of $30,681,811[139]. - The total due to third parties was $1,675,000 as of September 30, 2025, which increased to $1,950,000 after receiving additional funds[145]. - The company borrowed $241,112 under Working Capital Loans as of September 30, 2025, which is included in convertible promissory notes[141]. - The company has no off-balance sheet arrangements or long-term liabilities as of September 30, 2025[149]. - The company has a deferred underwriting fee of $2,587,499, which will be revised to $750,000 in cash and 200,000 shares upon closing of the initial business combination[150]. Business Combination and Agreements - The Company entered into a merger agreement with Tianji Tire Global, with a total merger consideration of $450 million, issuing 45 million ordinary shares at a deemed price of $10.00 per share[134]. - The Company extended the Termination Date to August 12, 2025, by depositing an aggregate of $700,000 into the Trust Account[115]. - The Company has the right to extend the Combination Period twelve times for an additional month each time, up to August 12, 2026[116]. - The Company received a delisting notice from Nasdaq on August 14, 2025, due to failure to complete its initial business combination by August 9, 2025[126]. Financial Performance - For the three months ended September 30, 2025, the company reported a net income of $18,447, with investment income of $287,440 and operating costs of $267,843[137]. - For the nine months ended September 30, 2025, the company had a net loss of $169,811, consisting of operating costs of $998,347 and interest expense of $3,413, partially offset by investment income of $831,949[138]. - The company recorded interest expenses of $3,413 for the nine months ended September 30, 2025, under the promissory note[130]. - The company recorded interest expenses of $1,150 and $3,513 for the three months ended September 30, 2025, and 2024, respectively[147]. Funding and Capital - The Company received $400,000 from Tianji for extension deposits, with $375,000 deposited into the Trust Account as of September 30, 2025[119]. - The Company received $275,000 from Tianji for working capital and extension deposits, with $200,000 deposited into the Trust Account[132]. - The Company borrowed $900,000 from Tianji and its subsidiaries from January 2025 to September 2025, resulting in a total of $1,950,000 due to third parties[128]. Going Concern - The company expects to incur significant costs in pursuit of its financing and acquisition plans, raising substantial doubt about its ability to continue as a going concern if a business combination is not completed by August 12, 2026[148]. Accounting and Estimates - The company has no critical accounting estimates as of September 30, 2025[151].

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 September 30, 2025 (Commission File Number) (IRS Employer Identification No.) 5186 Carroll Canyon Rd San Diego, CA 92121 (Address of Principal Executive Offices) (Zip Code) (858) 688-4965 (Registrant's Telephone Number, Including Area Code) OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURI ...

Please see "Planet's Use of Non-GAAP Financial Measures" below for a discussion on how Planet calculates the non- GAAP financial measures presented herein. In addition, reconciliations to the most directly comparable U.S. GAAP financial measures are provided in the tables at the end of this release. • Third quarter revenue increased 33% year-over-year to a record $81.3 million. • Percent of recurring annual contract value (ACV) for the third quarter was 97%. • Third quarter gross margin was 57%, compared to ...

Customer Concentration and Revenue Sources - As of September 30, 2025, two customers represented 15% and 13% of accounts receivable, indicating a concentration risk in customer relationships [103]. - In 2025, 71% of net revenue came from international customers, with Asia contributing 55% (including China at 22%) and Europe at 15% [107]. - The company relies on a limited number of customers, which poses a financial risk if any major customer reduces orders or cancels agreements [101]. Market and Economic Risks - The semiconductor equipment industry is highly cyclical and volatile, affecting demand and profitability significantly [86]. - The company faces significant risks from economic downturns and political instability in key markets such as China, Russia, and Ukraine, which could adversely affect capital equipment investment patterns [108]. - Uncertain global economic conditions, particularly slowing growth in China, Europe, and the U.S., may lead to reduced customer orders and negatively impact net sales and backlog [111]. Competition and Industry Challenges - The company faces intense competition from larger manufacturers with greater resources, which may impact its market position [89]. - Competition from Asian suppliers presents challenges due to their lower operating and shipping costs, as well as favorable government policies [108]. - The company must continually innovate to meet customer requirements in the rapidly changing semiconductor industry, which involves long development cycles [144]. Financial and Operational Risks - The company terminated its existing credit facility in September 2024, raising concerns about future financing availability [90]. - Manufacturing interruptions or delays could lead to higher costs and affect the ability to meet customer demand [104]. - Supplier capacity constraints and production disruptions could increase operating costs and impact the competitive position of the company's products [113][114]. - The company identified material weaknesses in internal controls over financial reporting, particularly in IT general controls and non-routine transactions, which could lead to misstatements in financial statements [119][120]. - The company maintains cash deposits exceeding federally insured limits, exposing it to liquidity risks in the event of bank failures or adverse developments affecting financial institutions [116][118]. Regulatory and Compliance Risks - The company is subject to various tax regulations, including potential increases in tax rates and disputes over transfer pricing, which could adversely affect earnings and cash flows [117]. - Compliance with evolving corporate governance and regulatory requirements may increase operational costs and scrutiny, impacting the company's ability to attract qualified board members and executives [122]. - The company operates in high-risk jurisdictions, particularly in Asia, where anti-corruption laws may raise legal compliance risks and impact business operations [126][127]. - The company is subject to expanded export control restrictions that could negatively impact its business in China, particularly in the semiconductor industry [136]. Intellectual Property and Litigation Risks - The company has significant investments in proprietary rights, including various U.S. and international patents, but faces risks of costly litigation and potential loss of value [145]. - The company may be involved in securities litigation due to market price volatility, which could result in substantial costs and divert management's attention [138]. - Intellectual property litigation could result in substantial damages, including treble damages for willful infringement, and may divert management's attention from business operations [148]. - The company has received claims regarding potential intellectual property infringements that could lead to costly litigation [149]. Shareholder and Governance Issues - The influence of major shareholders may conflict with the interests of other shareholders, potentially impacting corporate decisions [153]. - Provisions in the company's governing documents may deter takeovers and limit shareholder influence over management changes [155]. - The company is governed by Arizona law, which may delay or prevent changes in control and affect the stock price [157]. - The common stock price has experienced significant volatility, ranging from $10.25 to $3.20 over the two-year period ended September 30, 2025 [150]. Environmental and Social Responsibility Risks - The company faces inherent risks of liability under environmental laws, which may result in material costs for compliance and remediation [130]. - The company may face difficulties in satisfying customer demands related to corporate social and environmental responsibility, potentially harming sales [140].

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q Delaware 22-3415036 (State or other jurisdiction of incorporation or organization) 520 Broad Street, Newark, New Jersey 07102 (Address of principal executive offices) (Zip Code) (973) 438-1000 (Registrant's telephone number, including area code) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED OCTOBER 31, 2025 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 ...

Financial Performance - Net sales for the thirteen weeks ended November 1, 2025, increased to $197,091,000, up from $179,066,000 for the same period in 2024, representing a growth of 10.3%[10] - For the thirty-nine weeks ended November 1, 2025, net sales reached $589,569,000, compared to $541,907,000 in 2024, marking an increase of 8.8%[12] - The company reported a net loss of $6,894,000 for the thirteen weeks ended November 1, 2025, slightly improved from a net loss of $7,152,000 in the same period last year[10] - The net income for the third quarter of 2025 was $871,000, compared to a net loss of $3.426 million in the same quarter of 2024[16] - The company’s net loss for the thirty-nine weeks ended November 1, 2025, was $2.2 million, a significant improvement compared to a net loss of $29.0 million for the same period in 2024[50] Operational Metrics - The loss from operations for the thirty-nine weeks ended November 1, 2025, was $3,338,000, significantly better than the loss of $40,690,000 reported in the same period of 2024[12] - Selling, general and administrative expenses for the thirteen weeks ended November 1, 2025, were $79,346,000, an increase from $74,730,000 in the same period last year[10] - Cost of sales (exclusive of depreciation) rose by $12.7 million, or 11.7%, to $120.5 million in Q3 2025, with cost of sales as a percentage of sales increasing to 61.1%[65] - Selling, general and administrative expenses increased by $4.6 million, or 6.2%, to $79.3 million in Q3 2025, with expenses as a percentage of sales decreasing to 40.3%[66] Cash and Liquidity - Cash and cash equivalents decreased to $51,098,000 as of November 1, 2025, down from $61,085,000 at the beginning of the period[8] - The company has a $75 million revolving credit facility, with no borrowings as of November 1, 2025, and $2.2 million in letters of credit outstanding[27] - Cash provided by operating activities was $1.5 million in the first thirty-nine weeks of 2025, compared to cash used of $32.3 million in the same period of 2024[82] Inventory and Assets - Inventory levels rose slightly to $123,536,000 as of November 1, 2025, from $122,640,000 as of February 1, 2025[8] - The quarter-end inventory balance was $123.5 million, down 3.1% from $127.5 million at the end of the third quarter last year[78] Store Operations - As of November 1, 2025, the company operated 593 stores across 33 states, focusing on off-price value retail for apparel and home trends[17] - The company operated 593 stores across 33 states as of November 1, 2025[56] Shareholder Returns - The company returned $6.3 million to stockholders through share repurchases in the first thirty-nine weeks of fiscal 2025[80] - The company has $40.0 million remaining under its stock repurchase authorization as of November 1, 2025[36] - The company did not repurchase any shares in the third quarter of 2025; $40.0 million remains under stock repurchase authorization[96] Tax and Legal Matters - The company expects to benefit from new tax legislation effective in 2025, which includes immediate expensing of domestic R&D expenditures and reinstatement of 100% bonus depreciation[32] - The company maintains a valuation allowance for deferred tax assets due to insufficient positive evidence for realization[31] - The company has established reserves for legal proceedings once it becomes probable that costs will be incurred[33] - No material adverse legal proceedings are expected to affect the company's financial condition or results of operations[94] Future Commitments - The company’s total future minimum lease payments as of November 1, 2025, are projected to be $315.8 million[46] - The weighted average remaining lease term for operating leases was 6.95 years as of November 1, 2025[47] Other Financial Information - The company recorded a gain on the sale of a building amounting to $10,960,000 during the thirty-nine weeks ended November 1, 2025[12] - The company reported a non-cash impairment expense of $0.3 million related to underperforming stores in the first three quarters of 2025, compared to $1.8 million in the same period of 2024[28] - There have been no material changes to the Risk Factors since the last Annual Report[95] - No changes in internal control over financial reporting during the fiscal quarter ended November 1, 2025[92]

Table of Contents 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 September 30, 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: 001-42935 Elauwit Connection, Inc. (Exact name of registrant as specified in its charter) (State or other jurisdiction o ...

Revenue Performance - Revenue for the third quarter of fiscal 2026 was $39.2 million, a 3.1% decrease compared to $40.4 million in the prior year[139]. - Domestic revenue for the third quarter was $24.1 million, reflecting a 2.4% increase from $23.5 million in the prior year, while international revenue decreased by 10.7% to $15.1 million[139]. - Revenue for the first nine months of fiscal 2026 was $113.0 million, a 0.8% decrease from $113.9 million in the prior year[148]. - Hardware revenue for the first nine months increased by 6.4% to $34.9 million, driven by a 15.3% increase in the Product ID segment[149]. - Supplies revenue for the first nine months decreased by 1.2% to $61.1 million, with declines in both Product ID and Aerospace segments[150]. - Revenue from the Product ID segment increased by $1.2 million or 1.6% to $77.9 million in the first nine months of the current year compared to $76.7 million in the prior year[160]. - Aerospace segment revenue for the first nine months was $35.1 million, a decrease from $37.3 million in the prior year[156]. Profitability - Gross profit for the third quarter was $14.2 million, a 3.5% increase from $13.7 million in the prior year, with a gross profit margin of 36.2%[143]. - Gross profit for the first nine months was $38.5 million, a 3.8% decrease from $40.0 million in the prior year, with a gross profit margin of 34.1%[152]. - The Product ID segment recognized an operating income of $6.6 million, reflecting a profit margin of 8.5%, down from $7.2 million and a margin of 9.4% in the prior year[160]. - Aerospace segment operating profit increased to $9.7 million from $8.8 million[156]. - Net income for the third quarter was $0.4 million, or $(0.05) per diluted share, impacted by restructuring and legal fees totaling $0.7 million[147]. - The company reported a net loss of $1.2 million, or $0.16 per diluted share, for the first nine months of the current year, impacted by various non-recurring costs related to the MTEX acquisition[155]. Operating Expenses - Operating expenses for the current quarter were $12.9 million, a 3.7% increase from $12.5 million in the prior year, including $0.3 million in goodwill impairment charges[144]. - Operating expenses for the first nine months of the current fiscal year were $37.3 million, a 2.7% increase from $36.3 million in the prior year[153]. - Selling and marketing expenses decreased by 11.8% to $16.9 million compared to $19.1 million in the previous year, with a 14.7% decrease when excluding certain non-recurring costs[153]. - G&A expenses increased by 22.7% to $15.1 million from $12.3 million in the prior year, primarily due to increased employee benefits and insurance expenses[153]. - R&D spending was $5.0 million, a 3.3% increase from $4.9 million in the prior year, representing 4.4% of revenue compared to 4.3% in the previous year[153]. Cash Flow and Financial Position - Net cash provided by operating activities was $8.1 million for the first nine months of fiscal 2026, compared to $2.3 million for the same period in the previous year[181]. - Cash position at October 31, 2025 was $3.6 million, down from $5.1 million at year end, primarily due to cash outflows of $8.6 million for long-term debt and capital expenditures[183]. - The remaining balance for the MTEX Term Loan was EUR 1.4 million ($1.6 million) as of October 31, 2025[178]. - Accounts receivable balance decreased to $20.4 million at the end of Q3 FY 2026 from $21.2 million at year end[182]. - Inventory balance decreased to $45.1 million at the end of Q3 FY 2026 from $47.9 million at year end, reflecting a strategic decision to reduce advance purchasing[182]. - Cash outflows included $1.0 million for guaranteed royalty obligations and $0.2 million for capital expenditures[183]. Taxation - The effective tax rate for the first nine months was 28.9%, influenced by various tax expenses and benefits, compared to an effective tax rate of (14.3)% in the prior year[154]. Foreign Currency Exposure - Foreign currency translation exposure primarily relates to subsidiaries with functional currencies in Danish Kroner and Euro[191]. - A hypothetical 10% change in foreign currency rates would result in a net income impact of less than $0.5 million for Q3 FY 2026[191]. - Foreign exchange losses from transactional exposure were less than $0.1 million for the nine months ended October 31, 2025[192]. Acquisition and Integration - The integration of MTEX has been more resource-intensive than anticipated, with ongoing investigations into potential breaches of representations and warranties from the acquisition[157].