Financial Position - Total assets decreased by $119.6 million to $7.62 billion at December 31, 2025, from $7.74 billion at June 30, 2025[119]. - Net loans receivable decreased by $58.3 million, or 1.0%, to $5.71 billion at December 31, 2025, from $5.77 billion at June 30, 2025[123]. - Total deposits increased by $36.3 million, or 0.6%, to $5.71 billion at December 31, 2025, from $5.68 billion at June 30, 2025[133]. - Stockholders' equity increased by $11.4 million to $757.4 million at December 31, 2025, largely reflecting net income of $19.0 million[138]. - The allowance for credit losses totaled $45.0 million, or 0.78% of total loans, at December 31, 2025, compared to $46.2 million, or 0.79% of total loans, at June 30, 2025[130]. - Investment securities available for sale decreased by $12.6 million to $1.00 billion at December 31, 2025[120]. - Loans held-for-sale totaled $8.8 million at December 31, 2025, compared to $5.9 million at June 30, 2025[122]. - Commitments to originate and purchase loans totaled $42.5 million at December 31, 2025, up from $26.4 million at June 30, 2025[183]. - Construction loans in process were $162.0 million at December 31, 2025, compared to $115.7 million at June 30, 2025[184]. Income Statement - Net income for the quarter ended December 31, 2025, was $9.4 million, or $0.15 per diluted share, compared to $6.6 million, or $0.10 per diluted share, for the quarter ended December 31, 2024[140]. - Net income for the six months ended December 31, 2025, was $19.0 million, or $0.30 per diluted share, compared to $12.7 million, or $0.20 per diluted share, for the same period in 2024[159]. - Net interest income increased by $5.4 million to $38.0 million for the quarter ended December 31, 2025, compared to $32.6 million for the same quarter in 2024[141]. - Net interest income for the six months ended December 31, 2025, increased by $10.6 million to $75.7 million compared to $65.1 million for the same period in 2024[160]. - Total non-interest income increased by $698,000 to $5.6 million for the quarter ended December 31, 2025, compared to $4.9 million for the same quarter in 2024[150]. - Total non-interest income rose by $1.9 million to $11.4 million for the six months ended December 31, 2025, compared to $9.5 million for the same period in 2024[169]. Expenses - Salaries and employee benefits increased by $794,000 to $18.4 million for the quarter ended December 31, 2025, from $17.6 million for the same quarter in 2024[152]. - Total non-interest expense increased by $1.6 million to $31.2 million for the quarter ended December 31, 2025, compared to $29.6 million for the same quarter in 2024[152]. - Total non-interest expense increased by $3.5 million to $62.9 million for the six months ended December 31, 2025, compared to $59.3 million for the same period in 2024[172]. - Salaries and employee benefits rose by $2.0 million to $37.1 million for the six months ended December 31, 2025, driven by higher salary expenses and payroll taxes[173]. Credit Quality - Nonperforming assets increased by $5.7 million to $51.3 million, or 0.67% of total assets, at December 31, 2025[128]. - Provision for credit losses increased by $460,000 to $567,000 for the quarter ended December 31, 2025, compared to $107,000 for the same quarter in 2024[149]. - Provision for credit losses increased to $485,000 for the six months ended December 31, 2025, from $215,000 in the prior year, primarily due to adjustments related to a non-performing loan[168]. Taxation - Effective tax rate increased to 19.8% for the quarter ended December 31, 2025, from 16.0% for the same quarter in 2024[158]. - The effective tax rate increased to 20.2% for the six months ended December 31, 2025, from 15.6% in the prior year, reflecting higher projected taxable income[180]. Capital Ratios - The Bank's total capital to risk-weighted assets ratio was 14.75% at December 31, 2025, exceeding the minimum regulatory requirement of 8.00%[186]. - Tier 1 capital to risk-weighted assets ratio was 13.79% at December 31, 2025, above the minimum requirement of 6.00%[186]. - Common equity tier 1 capital to risk-weighted assets ratio was 13.79% at December 31, 2025, surpassing the minimum of 4.50%[186]. - The Bank's total capital to risk-weighted assets ratio was 14.49% at June 30, 2025, also above the regulatory minimum[186]. Interest Rate Sensitivity - The Bank's internal analysis indicated that a 300 basis point increase in interest rates would decrease the Economic Value of Equity (EVE) by 29.82% to $528,474[195]. - A 200 basis point increase in interest rates would reduce net interest income (NII) by 7.42% to $148,358 over a 1 to 12 month period[195]. - The interest rate spread improved to 1.75% for the six months ended December 31, 2025, compared to 1.39% for the same period in 2024[168]. - The sensitivity of EVE to interest rate changes is influenced by the composition and allocation of the balance sheet[196]. - Future interest rates and their effects on net interest income are unpredictable and based on numerous assumptions[197]. Liquidity - Liquidity included $147.3 million of short-term cash and cash equivalents and $1.00 billion of investment securities available for sale as of December 31, 2025[182]. - The Asset/Liability Management program is overseen by the Board of Directors to manage interest rate risk[191]. - The Bank had no significant off-balance sheet commitments for capital expenditures as of December 31, 2025[188].

Financial Performance - Net sales for the three months ended December 31, 2025, were $4,229 million, a 5.6% increase from $4,004 million in the same period of 2024[186]. - For the six months ended December 31, 2025, net sales reached $7,710 million, reflecting a 5% increase from $7,365 million in the previous year[210]. - Net sales for the three months ended December 31, 2025, were reported at $4,229 million, a 6% increase from $4,004 million in the prior year[210]. - Total revenue for the six months ended December 31, 2025, was $7,710 million, an increase of 5% compared to $7,365 million in the same period of 2024[291]. - The Americas region generated net sales of $1,218 million in Q2 2025, slightly up from $1,209 million in Q2 2024[188]. - Reported net sales in The Americas decreased 1% for the six months ended December 31, 2025, driven by a 2% decrease from pricing[245]. Profitability - Gross profit margin improved to 76.5% in Q2 2025 from 76.1% in Q2 2024, with gross profit reaching $3,235 million[186]. - Operating income for the three months ended December 31, 2025, was $401 million, compared to an operating loss of $580 million in the same period of 2024[186]. - Reported operating income for the three months ended December 31, 2025, was $401 million, a $981 million increase from the prior-year period[255]. - Operating income for the six months ended December 31, 2025, was $570 million, a significant increase of $1,271 million from a loss of $701 million in the prior year[287]. - The effective tax rate increased to 51.40% for the three months ended December 31, 2025, from 9.20% in the prior year, primarily due to losses before income taxes and the impact of goodwill impairment[277]. Product Category Performance - Skin Care product category net sales increased to $2,054 million in Q2 2025, up from $1,921 million in Q2 2024, representing a 6.9% growth[188]. - Skin care net sales increased by $133 million, or 7%, for the three months ended December 31, 2025, and by $179 million, or 5%, for the six months ended December 31, 2025[217]. - Fragrance net sales rose by $68 million, or 9%, for the three months ended December 31, 2025, and by $159 million, or 12%, for the six months ended December 31, 2025[231]. - Reported makeup net sales increased slightly by $14 million, or 1%, for the three months ended December 31, 2025[224]. - Reported hair care net sales increased $9 million, or 6%, for the three months ended December 31, 2025, primarily due to higher sales from The Ordinary and the launch in Amazon's U.S. Premium Beauty store[235]. Challenges and Risks - The company anticipates continued volatility and uncertainty in its business environment, particularly in Western Europe and the U.S. department store sector[194]. - The company continues to face challenges from inflationary pressures and supply chain issues, which may impact consumer preferences and overall profitability[198]. - The company expects to continue facing challenges related to foreign currency translation and restructuring charges in future periods[281]. - The company is monitoring the effects of tariffs and expects higher rates to adversely affect fiscal 2026 profitability and cash flows[195]. Strategic Initiatives - The strategic vision "Beauty Reimagined" aims to enhance consumer engagement and drive sustainable growth through operational efficiencies[197]. - The introduction of new products is expected to impact sales, with ongoing innovation and marketing efforts to support both new and existing products[191]. - The restructuring program is expected to result in charges totaling between $1,200 million and $1,600 million, before taxes[207]. - The restructuring program aims to achieve annual gross benefits of between $800 million and $1,000 million, before taxes, once fully implemented[208]. Cash Flow and Debt Management - The company had cash and cash equivalents of $3,082 million as of December 31, 2025, compared to $2,921 million at June 30, 2025[297]. - Net cash flows provided by operating activities for the six months ended December 31, 2025, were $785 million, compared to $387 million in the same period of 2024[308]. - Total debt as of December 31, 2025, was $7,322 million, with long-term debt comprising $7,319 million and current debt of $3 million[304]. - Total debt as a percentage of total capitalization was 64.5% at December 31, 2025, down from 65.4% at June 30, 2025[307]. Market Performance - The increase in net sales from La Mer and Estée Lauder was primarily driven by higher sales in Mainland China and Asia travel retail, reflecting key shopping moments and holiday campaigns[218][219]. - Reported net sales in Mainland China increased 13% for the three months ended December 31, 2025, driven by a 9% increase from pricing and a 4% increase from volume[244]. - Operating income in Mainland China increased by $73 million, or 97%, for the three months ended December 31, 2025, and $101 million, or over 100%, for the six months ended December 31, 2025, driven by higher net sales[272].

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K (Mark One) ☒ 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 ☐ 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 0-16125 FASTENAL COMPANY (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorp ...

Washington, D.C. 20549 _________________________________________ UNITED STATES SECURITIES AND EXCHANGE COMMISSION FORM 10-Q _________________________________________ (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended December 31, 2025 OR 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 1-12383 _______________________ ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934 For the month of February, 2026 Commission file number: 1-10110 BANCO BILBAO VIZCAYA ARGENTARIA, S.A. (Exact name of Registrant as specified in its charter) BANK BILBAO VIZCAYA ARGENTARIA, S.A. (Translation of Registrant's name into English) Calle Azul, 4 28050 Madrid Spain (Address of principal executive offices) Indica ...

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: December 28, 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 001-37502 MASTERCRAFT BOAT HOLDINGS, INC. (Exact name of registrant as specified in its charter) (State or Other Jurisdiction (I.R.S. Emplo ...

Financial Performance - Revenues decreased by $0.7 million, or 0.3%, to $261.2 million for the three months ended December 31, 2025, compared to $261.9 million for the same period in 2024[115] - Gross profit increased by $4.6 million to $161.7 million, with a gross profit margin of 61.9%, up from 60.0% in the prior year[117] - Operating income surged by $54.6 million to $83.3 million, compared to $28.7 million in the previous year[117] - Net income reached $44.1 million, a significant increase from $0.0 million in the prior year[117] - Cost of products sold decreased by $5.3 million, or 5.1%, to $99.5 million, representing 38.1% of revenues, down from 40.0%[118] - Selling and administrative expenses fell by $3.5 million, or 4.3%, to $77.6 million, primarily due to lower compensation expenses[119] - Research and development expenses dropped by $15.7 million, or 77.3%, to $4.6 million, reflecting the discontinuation of the insulin patch pump program[120] Debt and Liquidity - As of December 31, 2025, Embecta's total principal debt issued amounted to $1,379.3 million, with long-term debt at $1,352.9 million after accounting for current debt obligations and issuance costs[128][130] - Embecta's total debt as of December 31, 2025, was $1,362.4 million, with short-term debt constituting 0.7% of total debt and a weighted average cost of total debt at 6.1%[128] - The company made interest payments of $13.2 million on outstanding debt during the three months ended December 31, 2025, and paid approximately $37.5 million on the Term Loan, of which $35.1 million was discretionary[130] - Cash and equivalents, along with restricted cash, decreased to $204.4 million as of December 31, 2025, down from $228.6 million as of September 30, 2025, primarily due to financing activities[138] - The company maintains sufficient liquidity through cash, cash equivalents, and borrowing capacity to meet operational and growth needs[127] - The effective tax rate decreased to 25.1% from 100.0% in the prior year, due to changes in earnings mix and lower limitations on interest expense deductibility[126] Operational Risks and Challenges - Future cash flows and financial performance are subject to various risks, including competitive factors and the ability to replace services currently provided by BD[147] - Operating costs have increased due to new tariffs imposed by the U.S. and foreign governments, affecting raw materials and energy costs[149] - The company faces risks from the global trade environment, with potential shifts in customer preferences towards local products due to tariffs[149] - Changes in reimbursement practices and foreign currency exchange rates could adversely impact financial performance[149][150] - Interest rate risk is primarily related to the Term Loan, with a potential $6.8 million impact on interest expense from a 100 basis point change in rates[153] - The impact of geopolitical instability and pandemics on operations and supply chains remains a concern for the company[149] Strategic Initiatives - The company is focused on the expected benefits of its Separation from BD and the associated risks of dis-synergy costs[149] - There are risks related to the completion of strategic partnerships and acquisitions that could accelerate growth and access to new technologies[149] - The company is undergoing a Patch Pump Program Restructuring Plan and a 2025 Restructuring Plan, with expectations on costs and profitability[149] - The ability to obtain FDA clearance for new products is critical for the company's future business decisions and market success[149] - The company has entered into foreign currency forward exchange contracts to manage currency exposure, which helps offset gains and losses[151][152] Credit Ratings and Compliance - Embecta's credit ratings were reaffirmed by Moody's at B1 and by Standard & Poor's at B+ in early 2026[136] - The company is in compliance with all financial covenants related to its credit agreements as of December 31, 2025[128]

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 December 31, 2025 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the prece ...

☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended December 28, 2025 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ______ to______ Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q | Commission File No. | Name of Registrant, State of Incorporation, Address of Principal Offices, and Telephone No. | IRS Employer I ...

Corporate Structure and Mergers - Liberty Media completed the split-off of Liberty Sirius XM Holdings Inc. on September 9, 2024, redeeming shares at a ratio of 0.8375 of a share of SplitCo common stock for each share of Liberty SiriusXM common stock[27]. - Following the split-off, a subsidiary of SplitCo merged with Sirius XM Holdings Inc., converting each share of Old Sirius into one-tenth (0.1) of a share of SplitCo common stock[28]. Subscriber and Market Performance - As of December 31, 2025, Sirius XM Holdings Inc. reported approximately 32.9 million subscribers in the U.S. and 2.4 million subscribers in Sirius XM Canada[35]. - Sirius XM Holdings Inc. achieved recognition as a Fortune 500 company in 2025, highlighting its market strength[33]. - As of December 31, 2025, Sirius XM Canada had approximately 2.4 million subscribers, which are not included in the company's overall subscriber count[71]. - Pandora had approximately 41.1 million monthly active users and 5.6 million subscribers as of December 31, 2025[75]. - SiriusXM Media reaches approximately 170 million monthly listeners across its platforms, generating revenue from both subscription fees and advertising[80]. Strategic Initiatives and Offerings - The company adopted a strategic plan in December 2024 focusing on core subscription business, advertising strength, efficiency, and stockholder returns[32]. - The "360L" platform was included in approximately 170 vehicle models in 2025, enhancing in-vehicle entertainment experiences[45]. - Sirius XM Holdings Inc. offers a variety of subscription plans, including a low-cost, ad-supported offering launched in 2025[49]. - The company has agreements with leading electric vehicle manufacturers, including Tesla and Rivian, to integrate SiriusXM services into their vehicles[51]. - Sirius XM Holdings Inc. operates over 1,000 terrestrial repeaters across the U.S. to enhance signal coverage[58]. - The company provides connected vehicle services, enhancing safety and security for drivers while delivering marketing benefits to automakers[60]. Advertising and Revenue Generation - SiriusXM's advertising revenue is derived from audio, display, and video advertising, with a focus on targeted advertising based on listener demographics[81]. - AdsWizz, a subsidiary, leads in digital audio advertising technology, providing a comprehensive platform for audio publishers and advertisers[83]. - The company faces substantial competition from traditional AM/FM radio, streaming services, and other digital media platforms, necessitating constant innovation[87]. - SiriusXM's services and Pandora compete with a variety of providers, including major online platforms and traditional media companies, for both listeners and advertisers[96]. Financial Performance and Debt Management - The company acquired licenses for the 2.3 GHz Wireless Communications Service "C block" and "D block" in 2024, consisting of 5 MHz of unpaired blocks each[67]. - The initial use of the newly acquired spectrum will enhance emergency communications capabilities for FEMA, providing secure bandwidth on the satellite radio system[68]. - As of December 31, 2025, the company held $420 million in variable rate debt with a weighted average interest rate of 5.6% and $9,325 million in fixed rate debt with a weighted average interest rate of 4.3%[434]. - The company loaned Sirius XM Canada $130.8 million, with a carrying value of $8.0 million as of December 31, 2025, and an interest rate of 7.62% per annum[433]. - A hypothetical 10% increase in interest rates would increase annual interest expense by approximately $2 million, while a 10% decrease would decrease annual interest expense by approximately $2 million[434]. - The company did not hold or issue any derivatives as of December 31, 2025, and maintains investments in money market funds and certificates of deposit[432]. - The loan to Sirius XM Canada is considered a long-term investment, with unrealized gains or losses reported within Accumulated other comprehensive (loss) income[433]. - The company manages interest rate exposure by maintaining a mix of fixed and variable rate debt to protect against interest rate risk[434]. - The loan to Sirius XM Canada is subject to changes in foreign currency, with a potential value decrease of approximately $0.8 million if the Canadian to U.S. dollar exchange rate were 10% lower[433]. - The company’s investment policy focuses on capital preservation, liquidity maintenance, and yield maximization[432]. Employee and Diversity Metrics - As of December 31, 2025, the company had 5,119 full-time and part-time employees, with a core voluntary turnover rate of approximately 6.6%[125]. - 43.1% of employees identified as women and 40.0% of the U.S. population identified as people of color as of December 31, 2025[127]. - The company offers a comprehensive total reward program that includes competitive compensation and benefits to attract and retain top talent[132]. - Over 500 employees volunteered over 7,350 hours during 2025 as part of the company's philanthropic efforts[136]. Licensing and Royalty Agreements - The company has entered into direct license agreements with major and independent music labels for a significant majority of sound recordings on Pandora services[121]. - The CRB set the royalty rate for SiriusXM's satellite radio service at 15.5% of gross revenues for the period from January 1, 2018, to December 31, 2027[119]. - The company proposed a royalty rate of $0.0018 per performance for ad-supported services and $0.0020 for subscription services in the ongoing CRB proceeding[118]. - In 2025, the per performance rate for streaming sound recordings on SiriusXM increased to $0.0032 from $0.0031 in 2024[120].