Exhibit 99.1 Citius Oncology, Inc. Reports Fiscal Third Quarter 2025 Financial Results and Provides Business Update LYMPHIR commercial availability planned for the fourth quarter of 2025 FISCAL THIRD QUARTER 2025 FINANCIAL HIGHLIGHTS: ● On July 17, 2025, Citius Oncology completed a public offering generating net proceeds of approximately $7.4 million, after deducting placement agent fees and other offering expenses; ● R&D expenses were $938,000 for the quarter ended June 30, 2025, as compared to $1.1 millio ...

Citius Oncology, Inc. Reports Fiscal Third Quarter 2025 Financial Results and Provides Business Update Exhibit 99.1 LYMPHIR commercial availability planned for the fourth quarter of 2025 $12.5 million in gross financings raised during the quarter by Citius Pharmaceuticals, with an additional $9 million raised by Citius Oncology in July 2025, to facilitate LYMPHIR pre-launch initiatives and drive successful market introduction CRANFORD, N.J., August 12, 2025 -- Citius Oncology, Inc. ("Citius Oncology" or the ...

Table of Contents 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 June 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 001-40646 ABSCI CORPORATION (Exact name of registrant as specified in its charter) (State or o ...

[Company Overview & Q2 2025 Highlights](index=1&type=section&id=Company%20Overview%20%26%20Q2%202025%20Highlights) Intrusion Inc. reported positive Q2 2025 results, driven by Shield product expansion and a DoD contract, focusing on sustainable growth and enhanced offerings [Introduction and Strategic Focus](index=1&type=section&id=Introduction%20and%20Strategic%20Focus) Intrusion Inc. reported positive Q2 2025 results, driven by Shield product expansion in critical infrastructure, with a strategic focus on enhancing offerings and customer acquisition - Intrusion Inc. is a leader in cyberattack prevention solutions[2](index=2&type=chunk) - The company is committed to achieving sustainable growth and long-term profitability[3](index=3&type=chunk) - Revenue growth is primarily driven by continuous improvements in the Shield product suite, especially in critical infrastructure[3](index=3&type=chunk) - Future priorities include enhancing product offerings, accelerating customer acquisition, and strengthening sales channels[3](index=3&type=chunk) [Recent Financial & Business Highlights](index=1&type=section&id=Recent%20Financial%20%26%20Business%20Highlights) The company achieved its fifth consecutive quarter of revenue growth in Q2 2025, securing an additional **$3 million** from a DoD contract for critical infrastructure monitoring and threat analysis - Secured an additional **$3 million** in support from a U.S. Department of Defense contract for deploying critical infrastructure monitoring tools and deepening threat analysis capabilities[9](index=9&type=chunk) - Achieved its fifth consecutive quarter of revenue growth[9](index=9&type=chunk) [Second Quarter 2025 Financial Performance](index=1&type=section&id=Second%20Quarter%202025%20Financial%20Performance) Intrusion Inc. reported Q2 2025 revenue of **$1.9 million** with a **76%** gross margin, a **$2 million** net loss, and **$4.7 million** in cash [Revenue and Gross Profit](index=1&type=section&id=Revenue%20and%20Gross%20Profit) Intrusion Inc. reported Q2 2025 revenue of approximately **$1.9 million**, a **28%** YoY increase driven by new customer acquisitions, maintaining a **76%** gross margin | Metric | Q2 2025 (in thousands) | Q2 2024 (in thousands) | YoY Change | | :----- | :--------------------- | :--------------------- | :--------- | | Revenue | $1,873 | $1,460 | +28% | | Gross Profit | $1,431 | $1,110 | +28.9% | | Gross Profit Margin | 76% | 76% | Flat | - The sequential revenue growth this quarter was primarily driven by recently signed new customers, including the U.S. Department of Defense contract[4](index=4&type=chunk) [Operating Expenses and Net Loss](index=1&type=section&id=Operating%20Expenses%20and%20Net%20Loss) Q2 2025 operating expenses increased to **$3.5 million**, resulting in a net loss of **$2.0 million** or **$0.10** per share, an improvement from Q2 2024 | Metric | Q2 2025 (in thousands) | Q2 2024 (in thousands) | YoY Change | | :---------------------- | :--------------------- | :--------------------- | :--------- | | Operating Expenses | $3,517 | $3,143 | +$374 | | Net Loss | $(2,042) | $(2,067) | -$25 | | Net Loss Per Share (Basic) | $(0.10) | $(0.53) | -$0.43 | - Operating expenses for Q2 2025 were **$3.5 million**, an increase of **$0.4 million** compared to Q2 2024[6](index=6&type=chunk) [Liquidity and Capital Resources](index=1&type=section&id=Liquidity%20and%20Capital%20Resources) As of June 30, 2025, the company maintained a healthy liquidity position with **$4.7 million** in cash and **$3.7 million** in short-term U.S. Treasury investments | Metric | June 30, 2025 (in thousands) | December 31, 2024 (in thousands) | Change | | :-------------------------- | :----------------------------- | :----------------------------- | :----- | | Cash and cash equivalents | $4,689 | $4,851 | -$162 | | Short term investments | $3,749 | $0 | +$3,749 | [Business Description](index=2&type=section&id=Business%20Description) Intrusion Inc. is a Plano, Texas-based cybersecurity company specializing in advanced threat intelligence through its TraceCop database and Shield platform [About Intrusion Inc.](index=2&type=section&id=About%20Intrusion%20Inc.) Intrusion Inc., a Plano, Texas-based cybersecurity firm, specializes in advanced threat intelligence through its proprietary TraceCop database, which tracks IP addresses and domain reputations - Intrusion Inc. is a cybersecurity company focused on advanced threat intelligence[10](index=10&type=chunk) - Its core capability is TraceCop, a proprietary database for recording historical behavior, associations, and reputational risks of IP addresses, domains, and hostnames[10](index=10&type=chunk) - TraceCop data is based on years of accumulated global internet intelligence and government entity support[10](index=10&type=chunk) [Products and Solutions](index=2&type=section&id=Products%20and%20Solutions) Intrusion Shield is a next-generation cybersecurity platform offering real-time threat detection and prevention through "Observe Mode" for insights and "Protect Mode" for automated blocking of malicious connections - Intrusion Shield is a next-generation cybersecurity platform for real-time threat detection and prevention[11](index=11&type=chunk) - 'Observe Mode' provides analytical insights to identify unknown patterns and risks[11](index=11&type=chunk) - 'Protect Mode' monitors traffic and automatically blocks malicious and unknown connections, providing defense against zero-day threats and ransomware[11](index=11&type=chunk) [Condensed Consolidated Financial Statements](index=3&type=section&id=Condensed%20Consolidated%20Financial%20Statements) The condensed consolidated financial statements show total assets increased to **$16.4 million** and a net loss of **$4.1 million** for the six months ended June 30, 2025 [Condensed Consolidated Balance Sheets](index=3&type=section&id=Condensed%20Consolidated%20Balance%20Sheets) As of June 30, 2025, total assets increased to **$16.36 million**, driven by short-term investments, and stockholders' equity grew to **$11.63 million** | Metric (in thousands) | June 30, 2025 | December 31, 2024 | Change | | :-------------------- | :------------ | :---------------- | :----- | | **ASSETS** | | | | | Total current assets | $10,488 | $5,534 | +$4,954 | | Total noncurrent assets | $5,868 | $5,975 | -$107 | | **TOTAL ASSETS** | **$16,356** | **$11,509** | **+$4,847** | | **LIABILITIES** | | | | | Total current liabilities | $3,247 | $3,672 | -$425 | | Total noncurrent liabilities | $1,476 | $1,586 | -$110 | | **Total Liabilities** | **$4,723** | **$5,258** | **-$535** | | **STOCKHOLDERS' EQUITY** | | | | | Total stockholders' equity | **$11,633** | **$6,251** | **+$5,382** | [Unaudited Condensed Consolidated Statements of Operations](index=5&type=section&id=Unaudited%20Condensed%20Consolidated%20Statements%20of%20Operations) For the six months ended June 30, 2025, revenue increased to **$3.65 million**, but net loss expanded to **$4.14 million** due to higher operating expenses | Metric (in thousands) | Six Months Ended June 30, 2025 | Six Months Ended June 30, 2024 | Change | | :-------------------- | :----------------------------- | :----------------------------- | :----- | | Revenue | $3,648 | $2,591 | +$1,057 | | Cost of revenue | $874 | $576 | +$298 | | Gross profit | $2,774 | $2,015 | +$759 | | Sales and marketing | $2,391 | $2,335 | +$56 | | Research and development | $2,550 | $2,054 | +$496 | | General and administrative | $2,012 | $2,131 | -$119 | | Operating loss | $(4,179) | $(4,505) | +$326 | | Net loss | $(4,140) | $(3,783) | -$357 | | Net loss per share (Basic) | $(0.21) | $(1.31) | +$1.10 | [Additional Information](index=1&type=section&id=Additional%20Information) This section provides details on the Q2 2025 earnings conference call and a cautionary statement regarding forward-looking information [Conference Call Information](index=1&type=section&id=Conference%20Call%20Information) Intrusion management held a conference call on August 12, 2025, at 5:00 PM ET to discuss results, with live access and replay options available - The conference call was held on August 12, 2025, at 5:00 PM ET[8](index=8&type=chunk) - Live dial-in and webcast access were provided[8](index=8&type=chunk) - Replay services were accessible until August 26, 2025[8](index=8&type=chunk) [Cautionary Statement Regarding Forward-Looking Information](index=2&type=section&id=Cautionary%20Statement%20Regarding%20Forward-Looking%20Information) This press release contains forward-looking statements, subject to significant risks and uncertainties detailed in SEC filings, which should not be considered predictions of future events - The press release contains forward-looking statements regarding financial condition, business strategies, and product marketing[12](index=12&type=chunk) - These statements are subject to significant risks and uncertainties[12](index=12&type=chunk) - Readers should not regard forward-looking statements as predictions of future events[13](index=13&type=chunk) - The company undertakes no obligation to update these statements except as required by law[14](index=14&type=chunk)

Part I [Item 1 – Financial Statements (Unaudited)](index=5&type=section&id=Item%201%20%E2%80%93%20Financial%20Statements%20(Unaudited)) The company reported a net loss in Q2 2025, primarily due to a UK operations exit charge, with increased assets and negative operating cash flow [Condensed Consolidated Balance Sheets](index=5&type=section&id=Condensed%20Consolidated%20Balance%20Sheets) Key Balance Sheet Items (in thousands) | Account | June 30, 2025 | December 31, 2024 | | :--- | :--- | :--- | | Cash and cash equivalents | $9,945 | $15,427 | | Total current assets | $251,204 | $236,787 | | Total assets | $537,153 | $530,896 | | Debt – current portion | $18,717 | $12,186 | | Asbestos liability (current + long-term) | $193,964 | $207,092 | | Long-term debt | $115,895 | $116,394 | | Total liabilities | $460,658 | $459,805 | | Total shareholders' equity | $76,495 | $71,091 | [Condensed Consolidated Statements of Operations](index=6&type=section&id=Condensed%20Consolidated%20Statements%20of%20Operations) Q2 2025 vs Q2 2024 Performance (in thousands, except per share) | Metric | Q2 2025 | Q2 2024 | | :--- | :--- | :--- | | Total net sales | $113,104 | $110,988 | | (Loss) income from operations | $(3,078) | $5,043 | | Severance charge | $5,854 | $— | | Net (loss) income attributable to Ampco-Pittsburgh | $(7,335) | $2,012 | | Diluted (loss) income per share | $(0.36) | $0.10 | H1 2025 vs H1 2024 Performance (in thousands, except per share) | Metric | H1 2025 | H1 2024 | | :--- | :--- | :--- | | Total net sales | $217,369 | $221,203 | | Income from operations | $772 | $5,125 | | Severance charge | $5,854 | $— | | Net (loss) income attributable to Ampco-Pittsburgh | $(6,193) | $(705) | | Diluted (loss) income per share | $(0.31) | $(0.04) | [Condensed Consolidated Statements of Cash Flows](index=9&type=section&id=Condensed%20Consolidated%20Statements%20of%20Cash%20Flows) Cash Flow Summary for Six Months Ended June 30 (in thousands) | Cash Flow Activity | 2025 | 2024 | | :--- | :--- | :--- | | Net cash flows used in operating activities | $(7,614) | $(780) | | Net cash flows used in investing activities | $(3,014) | $(4,370) | | Net cash flows provided by financing activities | $4,374 | $5,922 | | Net (decrease) increase in cash | $(5,482) | $606 | | Cash at end of period | $9,945 | $7,892 | [Notes to Condensed Consolidated Financial Statements](index=10&type=section&id=Notes%20to%20Condensed%20Consolidated%20Financial%20Statements) Notes detail a $6.75 million UK exit charge, a new $100 million credit facility, ongoing asbestos litigation, and varied segment performance - The company is exiting its Union Electric Steel UK Limited (UES-UK) operations due to high energy costs, lower demand, and increased competition, resulting in a charge of approximately **$6.75 million** in Q2 2025[28](index=28&type=chunk)[29](index=29&type=chunk) UK Operations Exit Costs (Q2 2025, in thousands) | Type of Cost | Amount | | :--- | :--- | | Employee-related costs (Severance) | $5,854 | | Accelerated depreciation | $654 | | Professional fees & Other | $242 | | **Total Charge** | **$6,750** | - In June 2025, the company entered into a new Credit Agreement providing a **$100 million** revolving credit facility and **$13.5 million** in Equipment Term Notes, which were used to pay down the revolver[45](index=45&type=chunk)[60](index=60&type=chunk) - As of June 30, 2025, the company has a recorded Asbestos Liability of **$194.0 million** and a corresponding insurance receivable of **$130.1 million**, with **6,172** total claims pending at the end of the period[92](index=92&type=chunk)[99](index=99&type=chunk)[100](index=100&type=chunk) Segment Operating (Loss) Income (in thousands) | Segment | Q2 2025 | Q2 2024 | H1 2025 | H1 2024 | | :--- | :--- | :--- | :--- | :--- | | FCEP | $(3,963) | $5,361 | $(58) | $6,937 | | ALP | $3,922 | $3,174 | $7,416 | $5,156 | [Item 2 – Management's Discussion and Analysis of Financial Condition and Results of Operations](index=32&type=section&id=Item%202%20%E2%80%93%20Management%27s%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) Management attributes the Q2 2025 operating loss to the UK exit charge, impacting FCEP, while ALP improved, and liquidity is supported by a new credit facility [Executive Overview and Results of Operations](index=33&type=section&id=Executive%20Overview%20and%20Results%20of%20Operations) - The decision to exit the U.K. operations (UES-UK) was driven by high energy costs, lower demand, and increased competition, resulting in a pre-tax charge of approximately **$6.75 million** in Q2 2025[131](index=131&type=chunk)[132](index=132&type=chunk) - The company received **$735 thousand** in Employee-Retention Credits during Q2 2025, which partially offset the U.K. exit charges[140](index=140&type=chunk) Consolidated Backlog (in thousands) | Segment | June 30, 2025 | December 31, 2024 | Change | | :--- | :--- | :--- | :--- | | FCEP | $212,429 | $250,530 | $(38,101) | | ALP | $138,837 | $128,354 | $10,483 | | **Consolidated** | **$351,266** | **$378,884** | **$(27,618)** | - The net loss for H1 2025 was **$6.2 million**, or **$(0.31)** per share, with the U.K. Exit Charge and Employee-Retention Credits having a net impact of **$6.0 million**, or **$0.30** per share[150](index=150&type=chunk) [Segment Analysis](index=38&type=section&id=Segment%20Analysis) - **Forged and Cast Engineered Products (FCEP):** Operating loss for Q2 and H1 2025 was driven by the **$6.75 million** U.K. Exit Charge and unfavorable manufacturing absorption, with backlog decreasing by **$38.1 million** since year-end due to lower demand in Europe and customer order deferrals in the U.S.[155](index=155&type=chunk)[156](index=156&type=chunk)[157](index=157&type=chunk) - **Air and Liquid Processing (ALP):** Operating income improved in Q2 and H1 2025 due to favorable product mix, lower commission costs, and Employee-Retention Credits, with backlog increasing by **$10.5 million** since year-end due to strong order activity in the U.S. Navy, pharmaceutical, and nuclear markets[159](index=159&type=chunk) [Non-GAAP Financial Measures](index=42&type=section&id=Non-GAAP%20Financial%20Measures) Reconciliation to Adjusted EBITDA (Non-GAAP, in thousands) | Metric | Q2 2025 | Q2 2024 | H1 2025 | H1 2024 | | :--- | :--- | :--- | :--- | :--- | | Net (loss) income (GAAP) | $(6,720) | $2,552 | $(4,829) | $346 | | Adjustments | 11,283 | 7,195 | 11,675 | 9,123 | | Severance and other exit costs | 6,096 | - | 6,096 | - | | Employee-Retention Credits | (735) | - | (735) | - | | **Adjusted EBITDA (Non-GAAP)** | **$7,983** | **$10,129** | **$16,775** | **$15,227** | - The company presents non-GAAP adjusted EBITDA and adjusted income from operations to exclude one-time charges like the U.K. Exit Charge and benefits like the Employee-Retention Credits, which management believes helps identify underlying business trends[161](index=161&type=chunk)[163](index=163&type=chunk) [Liquidity and Capital Resources](index=44&type=section&id=Liquidity%20and%20Capital%20Resources) - Net cash used in operating activities increased to **$7.6 million** for H1 2025 from **$0.8 million** in H1 2024, primarily due to higher investment in working capital and higher net asbestos-related payments[168](index=168&type=chunk)[170](index=170&type=chunk) - The company expects to pay the accrued severance costs of **$5.9 million** associated with the U.K. exit over the next 12-18 months[172](index=172&type=chunk) - As of June 30, 2025, the company had **$34.2 million** of remaining availability under its revolving credit facility, which is expected to be sufficient to finance operational requirements[179](index=179&type=chunk) [Item 3 – Quantitative and Qualitative Disclosures About Market Risk](index=48&type=section&id=Item%203%20%E2%80%93%20Quantitative%20and%20Qualitative%20Disclosures%20About%20Market%20Risk) The company indicated no applicable quantitative and qualitative disclosures about market risk for this period - The company has indicated that there are no applicable quantitative and qualitative disclosures about market risk for this reporting period[185](index=185&type=chunk) [Item 4 – Controls and Procedures](index=48&type=section&id=Item%204%20%E2%80%93%20Controls%20and%20Procedures) Management concluded the company's disclosure controls and procedures were effective with no material changes to internal controls - Management concluded that the Corporation's disclosure controls and procedures were effective as of June 30, 2025[187](index=187&type=chunk) - There were no changes in the Corporation's internal control over financial reporting during the last fiscal quarter that materially affected, or are reasonably likely to materially affect, its internal controls[188](index=188&type=chunk) Part II [Item 1 – Legal Proceedings](index=49&type=section&id=Item%201%20%E2%80%93%20Legal%20Proceedings) This section incorporates by reference Note 16 of the financial statements for details on ongoing asbestos-related legal proceedings - The report refers to Note 16 of the financial statements for details on legal proceedings, which covers the company's asbestos litigation[191](index=191&type=chunk) [Item 1A – Risk Factors](index=49&type=section&id=Item%201A%20%E2%80%93%20Risk%20Factors) Updated risk factors include negative impacts from U.S. tariffs and potential disruptions and costs from internal corporate reorganizations - The imposition of U.S. tariffs on steel and aluminum has negatively affected and could continue to negatively affect operations by causing customer order deferrals and potentially making products less cost-competitive[193](index=193&type=chunk) - Internal corporate reorganizations, such as dissolving subsidiaries, could be disruptive, result in significant expense, and may fail to produce the intended benefits, potentially harming business and results[194](index=194&type=chunk) [Item 5 – Other Information](index=49&type=section&id=Item%205%20%E2%80%93%20Other%20Information) The company reported no other material information for the quarter, including no Rule 10b5-1 trading arrangement changes by directors or officers - No director or officer of the Corporation adopted or terminated a 'Rule 10b5-1 trading arrangement' or 'non-Rule 10b5-1 trading arrangement' during the second quarter of 2025[195](index=195&type=chunk) [Item 6 – Exhibits](index=50&type=section&id=Item%206%20%E2%80%93%20Exhibits) This section lists exhibits filed with the Form 10-Q, including corporate governance documents, the new credit agreement, and officer certifications - Key exhibits filed include the Second Amended and Restated Revolving Credit, Term Loan and Security Agreement dated June 25, 2025, and certifications from the Principal Executive Officer and Principal Financial Officer[197](index=197&type=chunk)

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _______________________________________________________________________ FORM 10-Q _______________________________________________________________________ (MARK ONE) x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2025 or o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period fr ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _______________________________________________________________________ FORM 10-Q _______________________________________________________________________ (MARK ONE) x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2025 or o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period fr ...

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 June 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: 001-42652 Linkhome Holdings Inc. (Exact name of registrant as specified in its ...

[PART I. FINANCIAL INFORMATION](index=7&type=section&id=PART%20I.%20FINANCIAL%20INFORMATION) [Financial Statements](index=7&type=section&id=ITEM%201.%20FINANCIAL%20STATEMENTS) The unaudited condensed consolidated financial statements detail the company's financial position and performance Condensed Consolidated Statements of Income Highlights | Metric | Three Months Ended June 30, 2025 | Three Months Ended June 30, 2024 | Nine Months Ended June 30, 2025 | Nine Months Ended June 30, 2024 | | :--- | :--- | :--- | :--- | :--- | | **Total operating revenues** | $17,264,615 | $14,458,202 | $81,016,198 | $71,536,930 | | **Operating income** | $1,196,560 | $1,557,593 | $18,924,523 | $16,839,339 | | **Net income** | $538,412 | $156,692 | $13,484,309 | $11,620,074 | | **Diluted EPS** | $0.05 | $0.02 | $1.31 | $1.15 | Condensed Consolidated Balance Sheet Highlights | Metric | June 30, 2025 | September 30, 2024 | | :--- | :--- | :--- | | **Total Assets** | $324,757,993 | $320,699,223 | | **Total Liabilities** | $208,496,675 | $212,562,448 | | **Total Stockholders' Equity** | $116,261,318 | $108,136,775 | Condensed Consolidated Statements of Cash Flows Highlights (Nine Months Ended) | Metric | June 30, 2025 | June 30, 2024 | | :--- | :--- | :--- | | **Net cash provided by operating activities** | $28,273,016 | $17,056,186 | | **Net cash used in investing activities** | ($15,756,669) | ($16,544,262) | | **Net cash (used in) provided by financing activities** | ($11,283,643) | $516,738 | | **Net increase in cash and cash equivalents** | $1,232,704 | $1,028,662 | [Notes to Condensed Consolidated Financial Statements](index=14&type=section&id=Notes%20to%20Condensed%20Consolidated%20Financial%20Statements) Notes detail accounting policies and significant developments including the MVP's operation and a rate case settlement - The company's two reportable segments are Gas Utility and Investment in Affiliates, with the Gas Utility segment generating **$18.98 million** in operating income and the Investment in Affiliates segment contributing **$2.43 million** in equity earnings for the nine months ended June 30, 2025[47](index=47&type=chunk)[49](index=49&type=chunk) - On April 10, 2025, the SCC approved a settlement agreement for Roanoke Gas, resulting in an annual incremental revenue increase of **$4.08 million** based on a return on equity of **9.90%**[53](index=53&type=chunk) - The Mountain Valley Pipeline (MVP) entered commercial operation on **June 14, 2024**, and the company received approximately **$2.7 million** in cash distributions from the MVP joint venture during the first nine months of fiscal 2025[56](index=56&type=chunk)[58](index=58&type=chunk) - The company secured a firm commitment to refinance **$53.6 million** of Midstream-related debt with a new seven-year loan at an interest rate of **SOFR plus 1.55%**[71](index=71&type=chunk) [Management's Discussion and Analysis of Financial Condition and Results of Operations (MD&A)](index=41&type=section&id=ITEM%202.%20MANAGEMENT'S%20DISCUSSION%20AND%20ANALYSIS%20OF%20FINANCIAL%20CONDITION%20AND%20RESULTS%20OF%20OPERATIONS) Management analyzes financial performance, focusing on regulatory impacts, weather, and the MVP investment [Results of Operations](index=44&type=section&id=Results%20of%20Operations) Net income and gross utility margin increased due to rate changes, higher volumes, and MVP equity earnings Q3 2025 vs Q3 2024 Performance | Metric | Q3 2025 | Q3 2024 | Change | % Change | | :--- | :--- | :--- | :--- | :--- | | **Net Income** | $381,720 | $156,692 | $381,720 | 243.6% | | **Gross Utility Margin** | $9,423,369 | $9,086,695 | $336,674 | 4% | | **Equity in Earnings** | $772,082 | $282,604 | $489,478 | 173.2% | Nine Months 2025 vs 2024 Performance | Metric | 9M 2025 | 9M 2024 | Change | % Change | | :--- | :--- | :--- | :--- | :--- | | **Net Income** | $13,484,309 | $11,620,074 | $1,864,235 | 16.0% | | **Gross Utility Margin** | $44,357,647 | $40,714,474 | $3,643,173 | 9% | | **Total Delivered Volumes (DTH)** | 9,901,163 | 8,580,005 | 1,321,158 | 15% | - The nine-month gross utility margin increase was driven by a **$5.4 million** rise in non-gas volumetric revenues and **$855,000** from the SAVE Plan, offset by a **$2.7 million** decrease in WNA revenue[139](index=139&type=chunk)[140](index=140&type=chunk)[141](index=141&type=chunk) [Capital Resources and Liquidity](index=54&type=section&id=Capital%20Resources%20and%20Liquidity) Liquidity improved with increased operating cash flow, while capital expenditures and debt refinancing are planned - Net cash from operating activities increased to **$28.3 million** for the nine months ended June 30, 2025, up from **$17.1 million** in the prior year, aided by **$2.7 million** in cash distributions from the MVP affiliate[156](index=156&type=chunk)[158](index=158&type=chunk) - Capital expenditures for the nine months were **$15.7 million**, with total fiscal 2025 expenditures projected to be approximately **$22 million**[160](index=160&type=chunk) - The company has secured a commitment to refinance Midstream debt with a **new seven-year loan**, expected to be finalized in **Q4 fiscal 2025**[164](index=164&type=chunk) - As of June 30, 2025, the company's long-term capitalization ratio was **45% equity** and **55% debt**[166](index=166&type=chunk) [Quantitative and Qualitative Disclosures About Market Risk](index=57&type=section&id=ITEM%203.%20QUANTITATIVE%20AND%20QUALITATIVE%20DISCLOSURES%20ABOUT%20MARKET%20RISK) This item is not applicable for the current reporting period - The company has indicated that this item is **not applicable**[167](index=167&type=chunk) [Controls and Procedures](index=58&type=section&id=ITEM%204.%20CONTROLS%20AND%20PROCEDURES) Disclosure controls were deemed effective, and a new ERP system implementation altered internal controls - The CEO and CFO concluded that the company's disclosure controls and procedures were **effective** at a reasonable assurance level as of June 30, 2025[169](index=169&type=chunk) - On **April 1, 2025**, the company implemented a new ERP system, leading to enhancements and changes in its internal control over financial reporting[170](index=170&type=chunk) [PART II. OTHER INFORMATION](index=59&type=section&id=PART%20II.%20OTHER%20INFORMATION) [Legal Proceedings](index=59&type=section&id=ITEM%201.%20LEGAL%20PROCEEDINGS) The company reports no legal proceedings for the period - There are **no legal proceedings** to report[174](index=174&type=chunk) [Risk Factors](index=59&type=section&id=ITEM%201A.%20RISK%20FACTORS) No material changes to risk factors from the prior annual report are noted - **No material changes** have been made to the risk factors disclosed in the 2024 Annual Report on Form 10-K[175](index=175&type=chunk) [Exhibits](index=60&type=section&id=ITEM%206.%20EXHIBITS) Filed exhibits include a new asset management agreement and officer certifications - Key exhibits filed include a **Natural Gas Asset Management Agreement** with DTE Energy Trading, Inc, and certifications by the Principal Executive and Financial Officers[181](index=181&type=chunk)

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 June 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 001-39312 Playboy, Inc. (Exact name of registrant as specified in its charter) Delaware 37-1958714 (State or other jurisdiction of in ...