Financial Performance - The Company reported total revenue of $1,607 million for the full year 2025, with a net income of $52 million and an Adjusted EBITDA margin of 22.0%[8]. - Total revenue for the year ended December 31, 2025, was $1,607,095, compared to $1,712,802 in 2024, indicating a decline of about 6%[55]. - Total revenue for the three months ended December 31, 2025, was $382.1 million, a decrease of 8.3% from $411.4 million in the previous quarter[49]. - Net income for the three months ended December 31, 2025, was $5.8 million, compared to $14.0 million in the previous quarter, reflecting a decline of 58.6%[49]. - Net income for the year ended December 31, 2025, was $51,686, a slight decrease from $51,918 in 2024[53]. - Adjusted net income for the year ended December 31, 2025, was $115,343,000, compared to $111,183,000 in the previous year[66]. - Operating income for the same period was $11.8 million, down 55.5% from $26.5 million in the prior quarter[49]. - Gross profit for the year ended December 31, 2025, was $192,384, down from $216,276 in 2024, indicating a decrease of about 11%[61]. Cash Flow and Liquidity - Expro generated $127 million of Adjusted free cash flow in 2025, more than doubling the amount from the prior year[4]. - Net cash provided by operating activities increased to $210,172 in 2025, up from $169,479 in 2024, representing a growth of approximately 24%[53]. - Cash and cash equivalents increased to $196.1 million as of December 31, 2025, from $183.0 million a year earlier[51]. - Cash and cash equivalents at the end of the year increased to $197,473 from $184,663 at the beginning of the year[53]. - Free cash flow for the three months ended December 31, 2025, was $23,196,000, with a free cash flow margin of 6%[64]. - The Company plans to utilize at least 33% of the free cash flow generated in 2026 for capital returns to shareholders[15]. - As of December 31, 2025, Expro's total liquidity was $551 million, including $353 million available for drawdowns under its revolving credit facility[18]. Capital Expenditures - Expro's capital expenditures for 2025 totaled $112 million, with a focus on customer-related activities[19]. - Capital expenditures for the year ended December 31, 2025, were $112,387,000, down from $143,576,000 in the previous year[64]. - The Company repurchased $40 million of stock in 2025, achieving its annual repurchase target[5]. Order Backlog and Future Expectations - Expro's total order backlog stood at $2.5 billion as of December 31, 2025, providing strong revenue visibility for 2026[7]. - For 2026, Expro expects Adjusted EBITDA of $355 million to $375 million and Adjusted free cash flow of $125 million to $145 million[7]. - The Company anticipates a revenue range of $1,600 million to $1,650 million for the full year 2026[15]. Employee and Market Presence - The company has approximately 8,500 employees and operates in over 50 countries, indicating a broad market presence[36]. Segment Performance - Segment EBITDA for NLA was $132,931 with a margin of 24% for the year ended December 31, 2025, compared to 25% in 2024[59]. - Adjusted EBITDA for the year ended December 31, 2025, was $353,024, reflecting an increase from $347,403 in 2024, with a margin of 22%[59]. - Adjusted EBITDA for the three months ended December 31, 2025, was $88,373,000, maintaining an adjusted EBITDA margin of 23%[64]. Assets and Liabilities - Total assets decreased to $2.26 billion as of December 31, 2025, down from $2.33 billion a year earlier[51]. - Total liabilities decreased to $725.3 million as of December 31, 2025, compared to $842.1 million in the previous year[51]. Miscellaneous - The company reported a stock-based compensation expense of $29,172,000 for the year ended December 31, 2025[66]. - The diluted weighted average shares outstanding for the year ended December 31, 2025, were 115,749,247[67]. - Forward-looking statements indicate expectations for growth and cash flows, but actual results may differ due to various risks and uncertainties[39][40].

Financial Performance - Total revenue for Q4 2025 was $2,517 million, a decrease of 4.9% sequentially but an increase of 6.3% year-over-year[3]. - Net income for Q4 2025 was $242.7 million, or $0.59 per diluted share, down 21.6% sequentially but up 8.0% year-over-year[3]. - Adjusted EBITDA for Q4 2025 was $440.5 million, with an adjusted EBITDA margin of 17.5%, reflecting a 15.1% sequential decline but a 25.5% increase year-over-year[3]. - Full-year revenue for 2025 was $9,932.6 million, representing a 9.4% increase from 2024[8]. - Full-year adjusted EBITDA was $1,824.1 million, with an adjusted EBITDA margin of 18.4%, up 350 basis points year-over-year[8]. - Total segment revenue for Q4 2025 was $2,517.0 million, a decrease of 4.9% from Q3 2025's $2,647.3 million and an increase of 6.3% from Q4 2024's $2,367.3 million[50]. - Net income for Q4 2025 was $244.6 million, compared to $387.0 million in Q3 2025 and $211.9 million in Q4 2024, reflecting a decrease of 36.8% quarter-over-quarter and an increase of 15.4% year-over-year[60]. - Total revenue for the year ended December 31, 2025, was $9,932.6 million, an increase from $9,083.3 million in 2024, representing a growth of 9.4%[78]. - Adjusted EBITDA for 2025 was $1,824.1 million, compared to $1,351.1 million in 2024, reflecting a significant increase of 35%[81]. - The operating profit margin for 2025 was reported at 13.2%, up from 11.1% in 2024, indicating improved operational efficiency[78]. - Free cash flow for the year ended December 31, 2025, was $1,447.4 million, compared to $679.4 million in 2024, showing a substantial increase of 113%[86]. - Adjusted EBITDA margin for 2025 was 18.4%, up from 14.9% in 2024, indicating enhanced profitability[78]. Orders and Backlog - Inbound orders for Q4 2025 totaled $2,588 million, a decrease of 2.3% sequentially and 11.5% year-over-year, with a full-year total of $11,156.2 million[3][11]. - Ending backlog as of December 31, 2025, was $16,571.6 million, a decrease of 1.4% sequentially and an increase of 15.3% year-over-year[3][8]. - Subsea inbound orders for Q4 2025 were $2,340.3 million, with a book-to-bill ratio of 1.1x[16]. - The company anticipates $10 billion of Subsea inbound orders in the current year, indicating further growth in backlog[11]. - Total inbound orders for Q4 2025 reached $2,588.0 million, a decrease of 2.3% from Q3 2025 and a decrease of 11.4% from Q4 2024[54]. - The order backlog as of December 31, 2025, was $16,571.6 million, a decrease of 1.4% from $16,813.6 million at the end of Q3 2025 and an increase of 15.3% from $14,376.3 million at the end of Q4 2024[54]. Segment Performance - Surface Technologies reported fourth-quarter revenue of $322.8 million, a decline of 1.6% from the previous quarter, with a year-over-year increase of 1.1%[26]. - Operating profit for the quarter was $46.3 million, an increase of 25.8% sequentially, with an operating profit margin of 14.3%, up 310 basis points[27]. - Adjusted EBITDA was $58.2 million, reflecting an 8.2% increase from the third quarter, with an adjusted EBITDA margin of 18.0%, up 160 basis points[28]. - Inbound orders for the quarter totaled $247.7 million, a decrease of 7.1% sequentially, while the ending backlog was $699.9 million, down 9.7% from the previous quarter[28]. - Subsea segment revenue for Q4 2025 was $2,194.2 million, down 5.4% from Q3 2025 and up 7.1% from Q4 2024[50]. - The company reported a total segment operating profit of $316.2 million for Q4 2025, down 28.0% from $438.1 million in Q3 2025 and up 18.7% from $266.5 million in Q4 2024[50]. Cash Flow and Liquidity - The company reported a free cash flow of $359.1 million for the quarter, with cash provided by operating activities amounting to $453.6 million[30]. - The company ended the period with cash and cash equivalents of $1,031.9 million, with net cash increasing to $601.9 million[31]. - Cash provided by operating activities for the year ended December 31, 2025, was $1,764.6 million, significantly higher than $961.0 million for the year ended December 31, 2024[60]. - The company’s cash and cash equivalents at the end of Q4 2025 were $1,031.9 million, down from $1,157.7 million at the end of Q4 2024[58]. - Net cash at the end of 2025 was $601.9 million, a significant increase from $272.5 million at the end of 2024, highlighting improved liquidity[83]. Corporate Expenses and Charges - Corporate expenses for the quarter were reported at $34.6 million, with net interest expense of $4.6 million and a provision for income taxes of $33.3 million[30]. - Corporate expenses for Q4 2025 were $34.6 million, an increase from $28.0 million in Q3 2025 and a decrease from $37.9 million in Q4 2024[50]. - The company incurred restructuring, impairment, and other charges of $52.1 million in Q4 2025, compared to $3.1 million in Q3 2025[68]. - The company reported restructuring, impairment, and other charges totaling $72.8 million for 2025, compared to $25.8 million in 2024, reflecting increased costs associated with restructuring efforts[78]. Guidance - For 2026, the company provided guidance for Surface Technologies revenue in the range of $1.15 - 1.3 billion and an adjusted EBITDA margin of 16.5 - 18%[34]. - The full-year guidance for Subsea revenue is projected to be between $9.2 - 9.6 billion, with an adjusted EBITDA margin of 21 - 22%[35].

As filed with the Securities and Exchange Commission on February 19, 2026 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 20-F _____________________________________ (Mark one) o REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR (g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR x ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2025 OR o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXC ...

EXHIBIT 99.1 Donegal Group Inc. Announces Fourth Quarter and Full Year 2025 Results MARIETTA, Pa., Feb. 19, 2026 (GLOBE NEWSWIRE) -- Donegal Group Inc. (NASDAQ:DGICA) and (NASDAQ:DGICB) today reported its financial results for the fourth quarter and full year ended December 31, 2025. Significant items for fourth quarter of 2025 (all comparisons to fourth quarter of 2024): Management Commentary Kevin G. Burke, President and Chief Executive Officer of Donegal Group Inc., stated, "We are pleased with our solid ...

EXHIBIT 99.1 Donegal Group Inc. Announces Fourth Quarter and Full Year 2025 Results MARIETTA, Pa., Feb. 19, 2026 (GLOBE NEWSWIRE) -- Donegal Group Inc. (NASDAQ:DGICA) and (NASDAQ:DGICB) today reported its financial results for the fourth quarter and full year ended December 31, 2025. Significant items for fourth quarter of 2025 (all comparisons to fourth quarter of 2024): Significant items for full year of 2025 (all comparisons to full year of 2024): Financial Summary | | | Three Months Ended December | | | ...

Exhibit 99.1 Targa Resources Corp. Reports Record Fourth Quarter and Full Year 2025 Financial Results and Provides Outlook for Record 2026 HOUSTON – February 19, 2026 - Targa Resources Corp. (NYSE: TRGP) ("TRGP," the "Company" or "Targa") today reported fourth quarter and full year 2025 results. 811 Louisiana, Suite 2100 Houston, TX 77002 713.584.1000 Fourth quarter 2025 net income attributable to Targa Resources Corp. was $545 million compared to $351 million for the fourth quarter of 2024. For the full ye ...

Financial Performance - Delivered $0.45 non-GAAP EPS for Q4 2025 and $1.76 non-GAAP EPS for FY 2025, targeting top decile annual growth for 2025[10] - Consolidated net income for the three months ended December 31, 2025, was $8264 million with a diluted EPS of $0.40 on a GAAP basis[51] - Non-GAAP consolidated income for the same period was $295 million, resulting in a diluted EPS of $0.45[51] - For the twelve months ended December 31, 2025, consolidated net income was $1052 million, with a diluted EPS of $1.60 on a GAAP basis[55] - Non-GAAP consolidated income for the twelve months was $1155 million, leading to a diluted EPS of $1.76[55] - The company reported a net impact of $60 million from mergers and divestitures for the twelve months ended December 31, 2025, contributing $0.09 to diluted EPS[55] - For the three months ended December 31, 2024, consolidated net income was $248 million, with a diluted EPS of $0.38 on a GAAP basis[53] - Non-GAAP consolidated income for the same period was $259 million, resulting in a diluted EPS of $0.40[53] - The company experienced a net loss of $56 million from indexed debt securities for the three months ended December 31, 2025, impacting diluted EPS by $(0.09)[51] - The twelve months ended December 31, 2024, showed a consolidated net income of $1019 million, with a diluted EPS of $1.58 on a GAAP basis[57] - The company reported a total of $40 million in gains from equity securities for the twelve months ended December 31, 2025, contributing $0.06 to diluted EPS[55] Capital Investment and Growth - 10-year capital investment plan of approximately $65.5 billion through 2035, with at least $10 billion of incremental capital investments to enhance economic growth and customer outcomes[10] - Expected 11%+ rate base growth through 2030, with 65% of investments funded by operating cash flow over the life of the plan[7] - Annual non-GAAP EPS growth target of 7-9% through 2035, with expectations to be in the mid-to-high end of the range for 2026-2028[10] - Planned ~$3 billion of equity issuances from 2028 through 2035, with no anticipated incremental equity needs through 2027[10] - The capital investment plan includes approximately $22.4 billion for Electric and $10.6 billion for Natural Gas from 2026 to 2030[24] - The projected capital expenditures for the Electric Transmission function from 2026 to 2035 are estimated at $18.8 billion[43] - Total capital expenditures for FY 2025 are projected to be around $5.4 billion, up from the previous estimate of $5.3 billion[24] Operational Efficiency and Initiatives - Achieved 13.8% TTM FFO/Debt ratio for Q4 2025, maintaining a long-term target of 100-150bps cushion above the downgrade threshold[10] - Executed five rate cases representing over 85% of rate base in the last two years, with approved revenue requests totaling $60.8 million for 2024 and $42.7 million for 2025[18] - Continued execution of the Greater Houston Resiliency Initiative, resulting in a reduction of 100 million outage minutes and a 50% reduction in vegetation-related outages compared to FY 2024[10] - Targeting 1-2% annual O&M reductions on average through 2035 to keep rates affordable[10] - Electric transmission investments focus on resiliency and grid modernization, including a downtown Houston revitalization project[26] Cash Flow and Debt Management - Net cash provided by operating activities is projected to increase from $2,139 million in YE 2024 to $2,486 million in YE 2025, representing a growth of 16.2%[65] - Adjusted cash from operations is expected to rise from $1,983 million in YE 2024 to $2,561 million in YE 2025, an increase of 29.1%[65] - Non-GAAP funds from operations (FFO) are forecasted to grow from $2,010 million in YE 2024 to $2,692 million in YE 2025, reflecting a 33.9% increase[65] - Total debt, net is anticipated to increase from $20,963 million in YE 2024 to $22,980 million in YE 2025, a rise of 9.6%[66] - Non-GAAP rating agency adjusted debt is projected to grow from $20,686 million in YE 2024 to $21,612 million in YE 2025, an increase of 4.5%[65] - Unadjusted EBITDA is expected to increase from $3,429 million in YE 2024 to $3,640 million in YE 2025, a growth of 6.1%[66] - FFO/Debt (S&P) is projected to improve from 12.0% in YE 2024 to 12.4% in YE 2025[66] - The ratio of net cash provided by operating activities to total debt, net is expected to rise from 10.2% in YE 2024 to 10.8% in YE 2025[65] - CNP adjustments to FFO for one-time items are projected to decrease significantly from $563 million in YE 2024 to $120 million in YE 2025[65] - CNP adjustments to debt for one-time items are expected to improve from -$1,707 million in YE 2024 to -$1,270 million in YE 2025[65] Future Outlook and Strategic Initiatives - The company provided a future outlook, projecting a revenue growth of B% for the next fiscal year[75] - New product launches are expected to contribute an additional $C million in revenue, with a focus on innovative technology[76] - The company is expanding its market presence in region D, aiming for a market share increase of E%[77] - A recent acquisition is anticipated to enhance operational efficiency and is expected to generate $F million in synergies[73] - The company has allocated $G million for R&D in new technologies, emphasizing sustainability and energy transition[74] - The gross margin improved to H%, reflecting better cost management and pricing strategies[75] - The company has set a performance guidance of I% growth in net income for the upcoming quarter[76] - The impact of recent regulatory changes is expected to affect the company's tax expenses by approximately $J million[77]

Financial Performance - Achieved record annual revenue of $1.5 billion in 2025, a 2.9% increase from $1.46 billion in 2024[1] - Net income for 2025 was $18.3 million, a decrease from $64.9 million in 2024[5] - Adjusted EBITDA for 2025 was $174.8 million, or 11.7% of revenue, compared to $182.9 million, or 12.6% of revenue, in the prior year[5] - Basic earnings per share decreased to $0.10 in Q4 2025 from $0.50 in Q4 2024, reflecting the decline in net income[32] - Adjusted net income for the year ended December 31, 2025, was $70,085,000, compared to $73,300,000 in 2024[38] - Net income for the year ended December 31, 2025, was $18,285, a decrease of 72.8% compared to $64,947 in 2024[41] Revenue Growth - Secured automotive new business awards totaling $2.2 billion for the year, with $485 million awarded in Q4 alone[5] - Product revenues for Q4 were $382.8 million, an 8.5% increase from $352.9 million in the prior year[5] - Automotive Climate and Comfort Solutions revenue increased by 11.1% year-over-year, outperforming S&P Global's light vehicle production report by 820 basis points[5] - Total revenue for the three months ended December 31, 2025, was $382,788,000, representing an 8.5% increase compared to $352,914,000 in the same period of 2024[34] - The Automotive segment reported a revenue of $1,448,820,000 for the year ended December 31, 2025, up 3.0% from $1,406,270,000 in 2024[34] - The Climate Control Seats product category generated $200,866,000 in revenue for the three months ended December 31, 2025, a 5.9% increase from $189,597,000 in 2024[34] - Revenue from the Automotive Climate and Comfort Solutions segment for 2025 was $1,154,229, a decrease of 1.5% from $1,169,076 in 2024[45] - The Lumbar and Massage Comfort Solutions category saw a significant revenue increase of 26.5%, reaching $58,540,000 for the three months ended December 31, 2025[34] Cost and Expenses - Gross margin for 2025 was 24.2%, down from 25.2% in the prior year, primarily due to higher material costs[5] - Total operating expenses for 2025 were $279,476, an increase of 7.7% from $259,416 in 2024[43] - The company reported total operating expenses of $73.0 million in Q4 2025, up from $62.5 million in Q4 2024, indicating rising costs[32] - Research and development expenses increased to $23.6 million in Q4 2025 from $21.1 million in Q4 2024, emphasizing ongoing investment in innovation[32] Liquidity and Leverage - Reduced net leverage to approximately 0.2x and increased liquidity to $468.8 million at year-end[7] - Cash and cash equivalents increased to $160,833,000 as of December 31, 2025, compared to $134,134,000 in 2024[40] - Total assets grew to $1,396,429,000 as of December 31, 2025, from $1,247,556,000 in 2024[40] - Total liquidity, including cash and revolving line of credit availability, reached $468,768 in 2025, up from $414,134 in 2024[43] - Net cash provided by operating activities for 2025 was $116,791, an increase of 6.5% compared to $109,646 in 2024[41] - Total debt at the end of 2025 was $189,073, down from $220,201 in 2024, indicating a reduction of 14.1%[43] - The company reported a net leverage ratio of 0.2 in 2025, improved from 0.5 in 2024[43] Strategic Challenges - The company faced challenges related to strategic acquisitions and integration, which could impact future performance[22] - The anticipated benefits of the proposed transaction may not be realized due to various risks, including regulatory approvals and integration difficulties[22] - Adjusted EBITDA and other non-GAAP measures were discussed, highlighting the company's focus on operational performance[26]

Exhibit 99.1 YETI Reports Fourth Quarter and Full Year 2025 Results Provides Full Year 2026 Outlook Fourth Quarter Net Sales Increased 7% and Adjusted Net Sales Increased 5% International Net Sales Increased 25% and Drinkware Net Sales Increased 6% During the Fourth Quarter Returned Nearly $300 Million to Shareholders in 2025 Through Share Repurchases Austin, Texas, February 19, 2026 – YETI Holdings, Inc. ("YETI") (NYSE: YETI) today announced its financial results for the fourth quarter and fiscal year ende ...

Debt Obligations - CenterPoint Energy's floating rate obligations totaled $1.5 billion as of December 31, 2025, with a potential annual interest expense increase of approximately $15 million if rates rise by 100 basis points [452]. - The company had outstanding fixed-rate debt of $21.7 billion as of December 31, 2025, with a fair value increase of approximately $800 million if interest rates decline by 10% [455]. - Houston Electric's fixed-rate debt amounted to $9.7 billion, with a fair value increase of approximately $400 million if interest rates decline by 10% [456]. - CERC's fixed-rate debt was $4.2 billion, with a potential fair value increase of approximately $120 million if interest rates decline by 10% [457]. Equity Market Value Risk - CenterPoint Energy's equity market value risk includes ownership of 10.2 million shares of AT&T, with a potential net loss of less than $1 million if the market value decreases by 10% [460]. Commodity Price Risk - The company is exposed to commodity price risk during severe weather events, which may increase costs that regulators might resist recovering [461]. - CenterPoint Energy's regulated operations in Indiana have limited exposure to commodity price risk due to state regulations allowing cost recovery through adjustment mechanisms [462]. Capital and Financial Risks - The company has a 10-year capital plan that is subject to substantial risks, which could materially affect its financial condition if not executed as planned [32]. - CenterPoint Energy's ability to pay dividends on its common stock may be adversely affected by various risk factors, including operational disruptions and regulatory challenges [31]. - The company is involved in numerous legal proceedings, with uncertain outcomes that could negatively impact its financial results [37].